Renters insurance is just like home insurance, but it’s designed to protect renters beyond what their lease protects. If flooding or a fire takes place in your building, you want to make sure that your belongings and assets are covered if they get destroyed or damaged. Your landlord is not responsible for these things (only the building), so it’s a great idea to look into obtaining renters insurance. To help get you started, here are some benefits of renters insurance at your Hillsborough, NJ, apartment.
Depending on the value of your belongings and how much you own, you want to pay for only what you have, right? By taking inventory of all your valued possessions (think electronics, furniture, clothing, jewelry), you can get a general idea of how much your things are essentially worth. Many companies these days will let you “check off” what you need to be protected and their values and will then provide you with a customized rate. Plus, there are tons of new companies in the marketplace now that specialize just in renters insurance.
A monthly renters insurance rate can be incredibly reasonable and shouldn’t disrupt your budget, but one of the other benefits of investing in this insurance is that you can bundle packages that you may already have. If you have car or motorcycle insurance, your insurance company can simply add in renters insurance as an add-on at a reasonable rate. This will not only save you money in the long-run, but the peace of mind that comes with it is priceless.
Ultimately, this is the biggest benefit of renters insurance and why so many residents choose to ensure their space. Since your lease only covers your actual unit and common areas that may come with your rental agreement, you also need to keep in mind everything that’s actually INSIDE your apartment. As if you needed more benefits of renters insurance at your Hillsborough, NJ, apartment, not having to worry about replacing your belongings in the event of an emergency should be enough to convince you to make a call. You’ll be dealing with enough that certainly the last thing you want is to have to worry about the financial strain of replacing everything of value that you own. Renters insurance will cover what’s been damaged so you don’t have to worry about making a dent in your savings.
It might cost a few extra dollars a month but the overall peace of mind is priceless.