Think you don’t need rental insurance on your Orlando apartment? Think again! While it can seem like buying renters insurance is an expense you could live without making, if you look more closely at what this type of policy can do for you when you really need it, you won’t go without it.
Why do I Need Renter’s Insurance?
Insurance coverage on an apartment can prove to be very important. Remember, your landlord has coverage, too, but it is on the property – not your stuff. To open your eyes about the value of renters insurance, consider these scenarios:
Scenario #1 – You’re cooking your favorite dinner and the phone rings. You walk away, leaving a pot on the stove. The call turns out to be from an old friend and you forget all about that pot. A few minutes later, a funny smell catches your attention. Too late; your kitchen is on fire. While your landlord won’t be happy, his or her insurance will cover the fire damage. Your dishes that fell to the floor with a smash and your ruined furniture branded with smoke smell, however, are your problem. This wouldn’t be the case if you had renters insurance.
Scenario #2 – You come home from work after a long, hard day and discover some kids must have broken in. You’re sure it’s kids because none of the “big ticket” items have been taken. Your collection of Pez dispensers, however, has mysteriously disappeared and a window is broken in the back. While you might have a heck of a time finding that original Pez dispenser again, your renters insurance company might have covered some of the costs – if only you had an insurance company.
Scenario #3 – You bring a date home for an after-dinner drink, hoping to turn a bad night around. Suddenly, your cat decides that he is the best judge of character and he has decided he doesn’t like your date. A few bites and stitches later, you’re certain you won’t have date number two. What you get instead is a bill from the hospital. Renter’s liability insurance would have taken care of this for you.
Additional Resources and Tips
After reading these scenarios, hopefully, you’ve realized that you can’t always control your surroundings and that the unexpected can pop up leaving you vulnerable and responsible. Below are a few websites that will help you along with your renter’s insurance search.
- 4 Myths About Renter’s Insurance
- Renter’s Insurance Coverage Options
- How to File a Renter’s Insurance Claim
Renters insurance can prove to be one of the smartest expenses you make when you move into an Orlando apartment. While no one really wants to spend money on insurance at all, it can really pay off in your favor if something bad does happen. When an emergency arises, this type of relatively low-cost policy can really deliver in the peace of mind category.
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