When you set out to rent an apartment or house the expenses can seem to pile up quickly. Often you need a couple months rent, plus a deposit, plus installation charges for utilities, plus expenses for the physical move. With all that, your pockets can feel a little thin. Somewhere through the process it’s likely that some responsible person you know will ask you what you’re going to do about rental insurance.
When you think about the things you own and use everyday, it might not seem that special. You’ve got some basic furniture, your clothes, your laptop, and all your kitchen stuff. Perhaps there’s a television in there too, and a bookshelf or two full of books. It’s hardly extravagant, but it’s yours and it is worth protecting, and none of it is protected under your landlord’s insurance.
If you’re in a building where others live it’s impossible to control how careful your neighbors will be. They may lose track or a burning cigarette, or candle, or forget to turn off the stove resulting in a fire that can destroy everything. They might also leave the main doors unlocked, leaving everyone vulnerable to theft. Or you could make a mistake, like loading the dishwasher wrong resulting in flooding of your apartment and the one below. If you have good rental insurance, both you and your neighbor can be covered from the resulting damage. If you’re in a house, snow and ice on your sidewalk can put mail carriers and others who come by at risk, and you may be held responsible if they fall and injure themselves.
The good news is that renters insurance is very affordable, and it probably won’t make or break you. If you lose your stuff, however, it’s another story. Like most types of insurance, there can be a lot of difference in coverage from one policy to the next. And if you call one of the big insurance companies directly it’s hard to tell if they have your best interests at heart or their own. A better idea is to work with an independent insurance agency like Insurance and Mortgage Services in Batavia, Illinois who can access rates and policy terms for several insurance companies so you can make an informed decision about your renters insurance. While you’re looking, you can review other types of insurance as well like your car or business insurance. To learn more about how to get the coverage you need in Illinois, contact Insurance and Mortgage Services today.