Tenants please get renters insurance

4/24/2019 (Permalink)

If you rent a home, apartment or any other type of housing you should have renters insurance. Renters insurance will cover loss of your personal items as well as assist you in temporary housing in case of a fire or any other catastrophic loss scenario. During an emergency situation it is best to have your own policies in place so you can act immediately and not have to wait or endure any more suffering while dealing with a small or large loss. A few reasons tenants might not get renters insurance is:

• They are under the impression that the landlords policy covers them.

            The insurance policy for the building will cover the structure but not the contents

             belonging to the tenants.

• Insurance policies are too expensive.

Renters insurance policies run between $100-$200 a year and usually average around $16.00 a month. Which is a small amount to pay for replacement of personal items and having relocation benefits in case of inhabitable conditions.

• They think the money could be spent better elsewhere.

             Insurance premiums  averaging $16.00/ a month  for renters insurance policies

             are affordable and offer security in emergency situations. The policy having the benefit  

             of replacing or reimbursement for damaged personal belongings and relocation

             benefits is priceless.

In this day and age with costs of goods and everything else rising it can be difficult to spend that extra money on a policy that might not seem important and for an event that might not happen. The security of knowing if a fire or water damage does occur at home that you are covered is priceless. Here at SERVPRO of White Plains and New Rochelle we work with insurance companies and can assist you if you have a fire or water event at your home, apartment, condo or wherever you rent. Call us 24 hours a day/ 7 days a week.