5 Reasons for Renter’s Insurance for Your Athens Rentals
1. Minimal cost
A renter’s insurance policy runs roughly between $12 and $25 per month. This includes coverage of $30,000 in property damage and $100,000 in liability coverage. The cost of having your stuff protected runs about the same as a parking ticket at Ohio University. It can also be linked in with your parents’ homeowners insurance. This can cut insurance costs on your Athens Rentals as well!
2. Your Athens Rentals belongings have value
Do an inventory of your things. Now also try to add up the cost to replace your 10 most valuable items. Did you come up with a big number? Renter’s insurance covers this amount. This also includes a break in, fire, water damage, and others.
3. Covered for accidents caused by you
If you accidentally damage or harm others, you will also owe that person. Accidents happen to anyone and everyone. You could forget a faucet on when leaving for work and flood some neighbors. A guest could get hurt inside your apartment and sue you for the bills. Your renter’s insurance will also cover these costs through personal liability coverage. Lawsuits can be expensive to defend. Medical bills tend to be high, even for the smallest injuries. In our opinion, the small premium provides great protection for help in these situations.
4. A place to live if your apartment becomes uninhabitable
Bad things can happen anywhere despite all safety measures. A kitchen fire, gas explosion, broken pipe, or electrical issue can ruin an apartment in minutes. In these situations, you need a place to live. Renter’s insurance covers the cost of a hotel room or a temporary rental. Sometimes it also pays for meals.
5. Added coverage for special valuables
Standard insurance policies do not cover valuables like jewelry or collectibles. Nor do they cover electronics used for business purposes. But, you can upgrade the policy if this applies to you. Renter’s insurance policies also have the option to add a “floater”. This also covers the damaged or lost valuables.
Most importantly, you want protection for you and your stuff in those Athens Rentals!
