What Happens If You Don’t Have Renters Insurance?

At Highpoint Insurance Group, we help Dadeville, AL, area renters get the insurance they need to be safe. But what happens if you don’t get an insurance policy when renting a home?

Why Renters Insurance is Wise 

While there is no law saying that renters need insurance for their homes, it is almost always a good idea to get a policy that covers you. Why is that the case? Let’s look at a hypothetical example of what could happen to you if you don’t pay the small money necessary for a renters insurance policy. 

You’re renting a home from your landlord, and things are going fine. However, a storm hits one day, and the house gets leveled due to a tornado. The landlord’s homeowners policy will cover the structure and replacement of the home. But not your items – that’s what your renter’s insurance policy covers. 

So, instead of getting financial help from your policy, you end up having to pay for replacing things like your bedding, all of your electronics, and much more. Many people never fully recover emotionally or financially in a situation as damaging as this one. 

That’s why it’s better just to set up a renters insurance policy, even if your landlord doesn’t technically require it of you. Doing so will help to pay for any of the problems you might otherwise experience and help you recover after a serious issue – it can even pay for minor issues, as well.

Coverage is Worth Paying For Your Protection

If you are renting your home and you want to avoid severe and unnecessary complications, make sure that you get renters insurance right away. Then, contact us at Highpoint Insurance Group, and we can serve your Dadeville, AL area needs. We’ll do what we can to help keep your goods safe.

Why should I get renters insurance?

Anyone moving to the Dadeville, AL area will have many different housing options to choose from. One great option to consider would be to rent a home. Those that rent do not have nearly as many responsibilities as property owners and will have more flexibility. However, those that rent an apartment or other home still need to consider their insurance needs. There are several reasons why someone should get a renters insurance policy. 

Insurance is Required Under Lease

One reason you will need to get a renters insurance policy is that it will be required in your lease agreement. Any sophisticated landlord will have a provision in their lease that requires all tenants to get a renters insurance policy. They want tenants to have this coverage as it helps to mitigate some risks that come with being a landlord. In many cases, you will have to pay for a year’s policy up front before moving into your new home. 

Insurance Gives Important Protection

Another reason that you should get a renters insurance policy is that you can receive valuable coverage. Whenever you rent a home, there is going to be a chance that you could be found liable for an accident that causes bodily injury or property damage. The best way to mitigate this risk is by getting renters insurance, as it will include liability coverage. This insurance also protects your personal belongings. 

If you are going to rent a home in the Dadeville, AL area, you need to consider your insurance needs. The team at Highpoint Insurance Group can help you better assess your renter’s insurance needs. Highpoint Insurance Group will help you understand your needs and options, which will make it easier for you to pick an ideal policy.