Renters need coverage.
Credit: David Amsler via flickr
A common misunderstanding among many renters is that they have coverage under their landlord’s insurance. Landlords insure the building and any fixtures they own within it, but the landlord’s insurance policy does not cover renters belongings. Renters are responsible for their damaged or lost possessions. If you are renting your home or apartment, you need an insurance policy to cover what you own. Only 37% of renters have renter’s insurance while 95% of homeowners have a homeowner's insurance policy, according to a 2014 Insurance Information Institute poll conducted by ORC International.
With so many renters incorrectly assuming that they have coverage when they rent, people are drastically unprepared for life's imminent hiccups.
I am reminded of a story about a couple that rents in South West Florida. Tim and Rebecca of Bonita Springs were saving to buy a home when Hurricane Irma entered the South Florida radar in 2017. They were able to evacuate themselves and their pets before Irma made landfall, but they were unprepared for what they would see when they got back home. Tim and Rebecca found that their rental property was under 2 feet of water. Without rental insurance, they were not able to receive the necessary help to replace their lost property. The couple used their savings to replace Tim’s work equipment and their belongings, but they had to begin the process of saving for their new home all over again. We, at The Roe Agency, have worked with natural disasters and unexpected life detours for 24 years. We know which insurance policies are best for your family’s needs. You will not be caught off guard when you allow us to provide you with the most effective insurance policies for your family.
Call The Roe Agency Today. (239) 593-7333 We are here to help you protect your future.
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