Most people who move to a new rented property aren’t serious about renters insurance since they are bogged down with exploring the property, checking the transport and enjoying their stay. But when the time comes, and the landlord starts using all the illicit tricks under his sleeves or the luck turns its back, the epiphany that how important renters insurance takes just a couple of seconds.
Another reason why renters insurance hasn’t still become mainstream is many renters think that they are covered by their landlord’s policy and in many cases, people simply underestimate the value of their belongings.
From the misconception that you don’t need it to the fact that it is a necessity, here are the top 4 reasons why you must have a renters insurance policy.
It is pocket-friendly
If you have been procrastinating the idea of buying a renters insurance policy just because you think its costly then you must know that an average renters insurance policy costs only $180 per year. The actual price is going to depend on a wide array of factors like the type of coverage you select, the total coverage you have chosen and the location of the property.
The average cost of a renters insurance policy has been given by the National Association of Insurance Commissioners and therefore you can trust it. So, get rid of your misconception and start scouring the internet for the best Louisiana renters insurance policy and buy it as soon as possible.
It provides cover for your stuff
Another important reason why every renter should go for renters insurance is this type of insurance policy provides covers for many things if they are stolen or damaged. Most standard insurance policies for renters will provide cover for damage done to the rentres stuff because of water or any other calamity for which the renter is not responsible.
But you won’t be covered because of damage done by any type of natural disaster like earthquake or flood. So, if you are living in an area that is likely to get flooded every year, you must go for supplemental insurance policies as they will provide you better coverage than the normal Louisiana renters insurance.
You get all the perks of liability coverage
No one wishes any of the guests to get hurt but since you don’t have control on everything and accidents become unavoidable in many cases, you should be better prepared for such instances, especially if you end up being unable to pay the medical bills and the guest sues you.
Cases like dog biting the child of someone who is visiting your house or someone tripping and falling inside your apartment can result into a disaster for the renter but you don’t need to worry if you have cheap renters insurance Louisiana policy as with such policies you can rest easy knowing both you and your assets are covered.
You are never covered by the landlord’s insurance
If you have been thwarting yourself from buying a renters insurance policy just because you think that the landlord’s insurance policy is there for you as well then you are making one of the biggest mistakes of your life.
It is true that most landlords have homeowners insurance policy that covers structure or the building but it never covers the stuff of the renter lying inside the house. So, to cover your stuff, you need cheap renters insurance in Louisiana.
A renters insurance policy is like a cushion against all the bad things that can happen to a renter and therefore, it is a must-have for all the renters, whether they have moved to a new house or living in a rented apartment for a long time.
