Today’s question comes from Bridget in Arlington, VA. Just before she spoke with one of our agents and decided to purchase an Arlington, VA renters insurance policy she asked:
Why do I need renters insurance? I have nothing to protect. I don’t interact with anyone who’s likely to sue me. It’s just not a productive use of my income!
Have you ever wondered ‘why do I need renters insurance?’ If so, you’re not alone. Whether it’s been offered to you by your insurance agent or your landlord is requiring renters insurance, many people wonder why they need it.
So, why do you need renters insurance? There are a few obvious answers as well as some not so obvious ones. The first thing that comes to mind is that many properties are requiring coverage for all their tenants. In that instance you need renters insurance because your lease requires it. There are far more compelling reasons than that to answer why you need renters insurance. Let’s take a look at some of the most important reasons…
Why do I need renters insurance if I have nothing to protect?
While renters insurance can protect your personal property, it does more than that. You actually do have things to protect. Your money, your lifestyle, future assets, and your family. That’s where liability coverage comes in. By protecting you from the costs of accidental or negligent property damage or bodily injury which you cause to another, renters insurance protects everything you’ve worked so hard for. Renters insurance liability doesn’t just protect what you already have. It can also protect your future income, earnings, and assets from being taken to pay a judgement for something that happens now. This is especially important if you are or ever plan to be married because in many states certain types of debts can apply to both you and your spouse. You may think you’re judgement proof because you own nothing. That couldn’t be further from the truth. Judgement proof yourself with a renters insurance policy!
Why Do I Need Renters Insurance If I Never Leave The House?
So you work from home and don’t like people. You never leave the house. That doesn’t mean you can’t incur liability. If you fall asleep with a cigarette and start an apartment fire, you’ll find you’re liable for the damages.
Why Do I Need Renters Insurance?
You need renters insurance because your landlord requires it. You need renters insurance because you shouldn’t be without the protection that liability and personal property coverage provide. You need renters insurance because you’re a smart, prudent person who realizes that there are risks out there and you should protect yourself against them. To get the renters insurance you need, just call Effective Coverage at (800) 892-4308 or click above for a free, instant online renters insurance quote.