Owning a house may be the American dream, but more and more Americans are renting a home instead. CNBC reports that there are more renters now than at any other time since 1965. And no wonder. Rental homes are often cheaper and make it easy for you to move around.
However, that doesn’t mean you should forget about protecting yourself. The best way to do that is by getting renters insurance in Tampa. Here’s what it can do for you.
Affordable
You don’t have to worry about the cost. There are plenty of policies for renters insurance in Tampa that fit your budget. However, different factors that may affect the amount your total such as the amount of coverage and location of your property. Still, there are ways to find affordable means to get the coverage you need.
Fire or wind coverage
Your landlord’s property insurance won’t protect you if disaster strikes. It will only cover the structure but not your belongings. If you lose your possessions because of a fire or wind damage, your insurance policy will come in handy, providing you with actual cash value for the belongings you lost. That or you could still end up with funds to cover the replacement cost.
Liability coverage
By getting renter’s insurance, you can protect against liability. If someone comes over and they slip and fall on the property, they could sue you for damages. Your renter’s insurance can provide you with coverage for the incident.
Theft coverage
If your belongings are stolen, you could count on your renter’s policy to cover the replacement cost, depending on the terms and conditions of your policy. What’s good is that this policy may apply even when you’re traveling. In case your laptop or equipment gets stolen during transit, you can count on renter’s insurance to cover all or a portion of the replacement costs.
