When you rent a place, it might not cross your mind to get renters insurance. However, it is highly important for providing protection to your personal property from unforeseen dangers.
Whether you live in a suburban rental condo or in downtown Columbia SC,, the importance of insurance for renters remains the same. Most of the time, people believe they will be covered under their landlord's insurance policy. But, this is often not the case.
The landlord’s insurance policy usually covers the structure of the building and any renters insurance fixed appliances. However, it does not protect the renter’s personal items if they were damaged or stolen.
In other words, should your possessions suffer loss or damage in an event like a fire, flood or break-in, you would bear the cost for their replacement, unless you have a renters insurance policy to cover you.
Getting coverage for renters can also ensure protection from liability claims. For example, if a visitor slips and falls within your rented property and decides to sue, your renter’s insurance policy can cover legal costs and any awarded damages.
In conclusion, renters insurance offers much-needed protection for individuals renting their living spaces, and is an investment worth considering. No matter your renting location in Columbia, SC, it is wise to secure your assets with a reliable renters insurance.