Do You Have Renters Insurance Yet???

Ok this week I want to ask a serious question one that will affect the entire outcome of your life…well that might be a little stretch! But it is an issue that I want to address.

I know everyone has the same attitude…”Oh it won’t happen to me…it always happens to the other person”. Well someday you will be the other person! Renters face the same risk as homeowners in cases of disasters striking their dwelling but guess what, your landlord or condo association may have insurance, but this only protects the building, not your things in it.

Renters insurance can protect your belongings in case of disaster or theft.

When my wife and I bought our first home our truck was broken into and my laptop and a few other expensive items were stolen. The total cost of the items came to around $5000! I still can’t believe how just a few little things added up so quickly! I figured this would be covered in my auto insurance policy…right? WRONG! It’s covered under your homeowner’s insurance or renter’s insurance policy because it is considered personal property. Now let’s say that we didn't own the home and this incident happened just 2 months prior to us moving in…then what? Well, we would have been out of luck and had to cover the cost of the items out of pocket. Fortunately renters insurance will cover instances just like this one.

What most of my clients don’t know is that majority of the time your insurance agent will be able to help you reduce the cost of the insurance if you roll it under the same policy that your car is on. Usually the savings that you will have from putting it all in one is enough to pay for the renter’s policy itself! And by the way, if you’re thinking that the renters’ policies are pretty expensive…there not. In most cases they are anywhere from $15 - $25 per month!

So moral of the story is, GET RENTERS INSURANCE! Seriously, you can’t afford not to have it.

If you would like me a referral to one of my insurance agents that specialize in renters insurance for our tenants, I would be more than happy to give you their information.

Dedicated to Your Financial Success!


Kenton Becker
kentonb@empireoptions.com
Managing Partner / Lakemont Mortgage Specialist
License # 510-LO-36929
http://www.empireoptions.com/