Renting a home is a great way to stay flexible with your housing situation. It also means that you need renters' insurance to cover several risks as a renter. If you are in Illinois and need a renters' insurance policy, call us at Eddie Funches Insurance Agency to find out more.
Unlike home insurance, your renters' insurance doesn't cover the home itself. Much of its coverage is for your belongings that are inside your rental. This type of insurance is purchased with an estimate of how much all of your belongings are worth if they were destroyed or damaged. If a severe occurrence happens that ruins your items, your renters' policy will pay for you to replace or repair your items. Without this coverage, it would be up to you to pay for everything to be fixed or replaced, and that would be a costly prospect.
If you have a third party inside your rental, and that person was to have an accident that resulted in injuries, you could be held responsible for the medical bills and lost wages that came from it. When you have renters' insurance, your policy pays for those expenses. It's essential to have this coverage to protect yourself from just such an accident occurring.
If the worst should happen and the home was made unlivable by a disaster, accident, etc., your renters' insurance ensures that you don't have to keep living in those conditions. It pays for you to stay elsewhere while the rental is being fixed. This protects your general standard of living by giving you a much more pleasant living arrangement for a time.
If you rent your home, it's vital that you have renters' insurance to protect yourself. If you need a renters' policy, give us a call at Eddie Funches Insurance Agency in Illinois.
