If you are a renter, you may not know how important it is to have renters' insurance. There are several different ways that renters' insurance protects you, and each of them is important. Here are just three ways that this policy could save you financially. If you're in Alabama and need renters' insurance, call us at Donaldson Insurance Inc.
One of the coverage types you get is for all of your possessions inside your rented home. This covers them if an incident happens that ruins them or damages them. It could cover everything in your home so that you aren't left having to replace everything by yourself if a major incident were to happen. Most people wouldn't be able to repurchase everything after an accident, disaster, or some other type of incident.
Another part of the policy is protection against liability. If you were to have someone in your home, and that person had an accident and became injured, you would likely be held liable for that person's medical bills, lost wages, and other expenses. Without renters' insurance, all of that money would come straight from you. With renters' insurance, it would come directly from the policy.
If something serious happened to your rental, and you were not able to live there for a while, your renters' policy will also pay for you to live somewhere else for the duration. It would even pay for your living expenses during that time. Not everyone thinks about this coverage, but it's crucial if you should need it.
If you're in Alabama and you are a renter, you should never be without this insurance. It's important to have this coverage in place for as long as you live there. If you need a renters' policy, call us today at Donaldson Insurance Inc.