Common Renters Insurance Myths Debunked

Renters Insurance Elmira New YorkAre You Receiving The Protection You Deserve?

In order to carry on each day with confidence and peace of mind, you must hold the necessary insurance protection. Unfortunately, many who rent homes, apartments, and condominiums are lacking the coverage required to prevail through an accident or disaster. We want you to be receiving the protection you deserve in the comfort of your rented abode, which is why we have gathered a list of the common myths about renters’ insurance and have taken the liberty to debunk them for you:

  • Myth: I do not have anything of value in my apartment, so I do not need insurance coverage. Fact: Your renters’ insurance policy will not solely cover your personal belongings; rather, it will provide you with protection against personal injury claims, water damage, fire, and theft.
  • Myth: My landlord will cover any property damages since I am a renter. Fact: This is a very common misconception about the renting lifestyle. In reality, your landlord will only be insuring the structure in which you live in, excluding coverage for perils that occur within the rental unit.
  • Myth: A renters’ insurance policy will only provide me with protection for my personal belongings. Fact: As previously mentioned, you need coverage for more than your personal belongings. Your rental unit is just as susceptible to disaster as any other home, emphasizing the importance of seeking protection against common perils such as theft, fire, water damage, and personal injury claims.
  • Myth: Renters’ insurance is an extra expense I cannot afford. Fact: Renters’ insurance is very affordable, ranging from about $15 to $20 per month. This means that you are looking at less than $200 annually for optimized protection, or less than 50 cents per day.

Contact Perry & Carroll for all of your renters’ insurance needs. We will provide you with the protection you deserve in your rented abode.