As a tenant it might not cross your mind to get renters insurance. However, it is crucial for providing protection to your personal property from unforeseen threats.
Whether you live in a suburban rental condo or in downtown Columbia SC,, it's essential to have renters insurance. Often, renters conclude they will be covered under their landlord's insurance policy. But, this is often not renters insurance the case.
Most landlord’s insurance policies focus on the actual building and the permanent fixtures. However, it does not protect the renter’s personal items if they were damaged or stolen.
That is to say, if a disaster like a fire, burglary or flood damages or destroys your belongings, you would bear the cost for their replacement, unless you have a renters insurance policy to cover you.
Investing in renters insurance will also ensure protection from liability claims. Let’s say, if a guest gets hurt while visiting your rented home and decides to sue, your insurance can help cover the legal expenses and potential payouts.
In conclusion, renters insurance offers much-needed protection for individuals renting their living spaces, and is an investment worth considering. Regardless of where you might rent in Columbia, SC, it is wise to secure your assets with a reliable renters insurance.