Renting rather than owning a home has become more common in many areas. With rental rates on the rise, it should come as no surprise that more people are signing up for renters insurance. That said, this trend isn’t the sole factor driving insurance for rentals. Many customers are coming to how valuable renters insurance is. If you’d like to discuss any rental insurance policies, contact Americas Insurance Associates, serving the residents of Florida.
Renters Need to Mitigate Risks
Renters sometimes think that they are covered by their landlord’s insurance. This is sometimes true, to a limited extent. However, many renters find out after an emergency or incident that the coverage isn’t as extensive as they thought. This is where rental insurance comes in.
One of the primary functions of many insurance policies is to mitigate risks. While different insurance plans may cover different things, when you take out renter’s insurance, you can mitigate some risks. Some plans may provide more protection than others, but any plan can provide a bit of peace of mind.
Often, the landlord’s insurance policy will not cover the renter’s personal property if someone should break in. Many renter’s insurance policies, however, do cover things like theft. The right rental insurance policies may also cover damage from some natural disasters or medical bills if someone is injured in your rental unit. That said, it is essential to not assume what is and is not covered. You should always review insurance plans closely.
Consult With Us
Should you be in need of renters insurance, get in touch with Americas Insurance Associates. We serve Florida and would be happy to help you break down different insurance policies to find the one that is right for you.
