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The Importance of Renters Insurance Coverage

Disasters happen every day. Small accidents can lead to huge fires, weather can destroy a home, and break ins happen all the time. If you are renting your home, you probably aren’t too worried about the property itself, but it is important to protect your belongings. That is where renter’s insurance comes in handy.

Renters insurance is offered by most major insurance companies and protects the contents of your home from disaster. If you keep many valuables such as computers, jewelry, televisions, or any sort of collectables, renter’s insurance will help see that you are compensated if they are stolen or destroyed.

This form of insurance is rarely very expensive. Most insurance companies offer renters insurance with thousands of dollars of protection for less than fifty dollars a month. Considering the value of the protection offered, it makes very little sense to not purchase renters insurance if you rent your home.

Of course, renter’s insurance has limitations just like all forms of insurance do. No insurance company will ever cover any self-inflicted or purposeful damage to your property, regardless of what kind of insurance you have. Renters insurance will also not cover any motor vehicles, even if they were damaged in the same incident that damaged your property. This is because motor vehicle coverage is an entirely separate form of insurance.

At the end of the day, renter’s insurance allows you to rest easy knowing that you can’t lose everything in an unfortunate disaster or accident. It is also cheap enough that you can have this peace of mind without breaking the bank.

It’s important to note however that any dealings with insurance companies can be very stressful and complicated. Especially after a disaster that destroys your home and your possessions, having to haggle and negotiate for the protection that you paid every month for can be too much. This is why many people choose to hire a skilled and experienced personal injury lawyer Atlanta GA trusts to handle negotiations for them. Your attorney will ensure that you get the entirety of the protection that you are owed, and that your possessions are restored. Without an attorney at your side, insurance companies will often not take your claims seriously and attempt to lowball you as much as possible. If you have experienced some kind of disaster that has left you in need of cashing in on your renters insurance, contact an insurance attorney in your area right away.

Andrew R. Lynch, P.C.Thanks to our friends and contributors from Andrew R. Lynch, P.C. for their insight into the importance of renters insurance coverage.