Importance of Renter’s Insurance

[caption id="attachment_8876" align="alignleft" width="300"] Did you know you have access to insurance as a renter?[/caption]

The possibility that everything we own suddenly being gone is a distant fear in most people's mind but it is unfortunately a real danger in an unpredictable world. Regardless of how careful you are as a tenant, the things that you have no control over can effect your life in unexpected ways. It could be the fault of the person who lives in #109 who left her stove on, or guy in #304 loves candle-lit baths and lit the drapes on fire, or faulty maintenance from the landlords. None of these things are under your direct control but can effect your belongings if the wrong thing happened.

Renter's insurance is a source of comfort to act as a safety net for you as a renter in case the unthinkable happens. It covers your belongings, liability and can cover your relocation needs if the damage is extensive enough to require it. And it is affordable at as low as $10 per month with an array of coverage options to suit your exact needs.

To determine how much coverage you need, start by going through each room and filling out a Personal Property Inventory Checklist. Determine how much each of your possessions would cost to replace, add them up, and that will give you an idea of how much coverage you need.

And for more tips on protecting your assets, take a look at our blog. And if you're looking for a house for rent in Cleveland, OH, take a look at our Cleveland rental properties and call Reilly Painting and Contracting for all your Home Mechanic and remodeling needs. If you're looking to rent out your home at any time of the year, we are also a property management company for anyone looking to rent out a home without the hassle.

Reilly Painting and Contracting's trusted insurance agent Betsy Warner would be happy to help with setting up a renter's insurance policy with you. Tell her Reilly Painting and Contracting sent you!