It truly amazes me how many clients I work with who do not have renters insurance on the home / apartment that they are renting. But most of them don’t truly feel like it is a good use of their money, so for that reason they don’t find the value in it. It really needs to be something that you make as important as car insurance, life insurance or health insurance.
There are so many benefits to having renters insurance vs. not having it. Plus the cost is amazingly cheep. In fact I would bet that if most of you put your car insurance with the same company that you would have renters insurance through, you’re savings on grouping them together would literally make it a free service.
Talking with my friend Kevin Hauglie with Hauglie Insurance, he says that most clients that he works with that put there auto and renter’s policies together are able to get a large enough discount on the auto insurance that their renters insurance is practically FREE! Let’s face it, renters insurance by itself is only about $15 per month! So were not talking about a lot in the first place.
I think the real problem is that most renters don’t really know that they need it. They think that if a fire is started in their home / apartment then the homeowners insurance would cover it…wrong. If you cause the fire then you would need your own insurance to cover the costs. This could be a very costly mistake to make…even if it was a small fire, the cost can add up quickly.
This is the one that always gets me, renters insurance covers personal items stolen from your home or in some cases even your car! This means that if you have someone who breaks into your home or car and steals your personal items (items that are not attached to the car) then your renter’s insurance policy will cover that. SO how many of you have had your car broken into? I’m sure a lot!
Here’s the biggest one in my opinion, renters insurance will cover your liability. Let ma ask you a question…if anyone steps foot on your property and trips or falls or has an accident of any kind and decides to sue, who would cover it? Don’t point the finger at the landlord…in most contracts it says that you must hold them harmless. The responsibility would fall on you! In the sue happy environment we live in…this is becoming more likely of a scenario.
So you have to think, is it really worth it to NOT have renters insurance, especially since we stated earlier that it could be essentially FREE! Why would you not have it? Protect yourself, your family and all the things that you have worked hard for. Get renters insurance.
If you have more questions about renters insurance covers and the cost and additional benefits, shoot me over an email to kentonb@empireoptions.com, I can get you in contact with Kevin Hauglie. He is by far one of the best insurance agents that I have come across and he has been doing these successfully for over 20+ years. Amazing! So just let me know and I will make sure you get well taken care of.
Dedicated to your financial success,
Kenton Becker
kentonb@empireoptions.com
Managing Partner / Land Home Financial Specialist
License # 510-LO-36929
http://www.empireoptions.com/
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