Renters Insurance in Everett, WA

When you secure a mortgage for a home, normally, one of the conditions is that you are required to secure home owners insurance. However, renters are often not subject to a similar requirement. However, getting a renters insurance in Everett, WA policy when you are renting a house or apartment is an excellent idea. We’ll cover a number of ways that renters insurance protects you and your possessions.

Why Get Renters Insurance?

A renter’s insurance is a type of insurance that protects the renter, as well as their property. You’ll need to select a coverage amount and a deductible amount. The deductible is really what you are comfortable with. Obviously, a higher deductible will have a lower premium.

Even though your landlord should have homeowners insurance, this will only protect his property. Again, if there is any damage to your own possessions, they will not be covered by his policy. Make sure you have renters insurance so that you will be protected in the event of a loss to your possessions.

Keep in mind, in apartment buildings, you may have less control over things like fires occurring in adjoining units. Your renters insurance can protect you. Should the worst happen and a fire damages or destroys your home and possessions, you may have a hard time replacing everything that has been lost on your own. Renters insurance can help cover much of the replacement cost so you do not have to pay it all on your own.

You Need Liability Coverage

When someone visits you in your home, you can be liable for any injury that happens to them, even if you do not own the property. And if your dog bit them, they may decide to sue you. You’d be on the hook for damages if you did not have the proper insurance. A good renter’s policy can help cover the costs of a successful lawsuit.

Virtually everywhere in the country faces some risk of natural disasters, whether it is from tornadoes, floods, earthquakes, or hurricanes. Make sure the replacement cost of your goods is covered by having a proper renters insurance policy in place. It’s stressful enough trying to manage and recover during a disaster. Not having to worry about the costs of replacing your goods is some form of relief in a time of worry.

As you can see, there are many good reasons for renters to protect themselves from significant losses by carrying renters insurance. By protecting yourself in advance, you won’t have to pay a substantial amount of money to replace items that are lost in a disaster. Talk to an insurance advisor about getting coverage.