renters insurance coverage

How Renters Insurance Protects More than Just Your Belongings

Do you know what coverages renters insurance offers?

When people decide to forgo renters insurance in Plano, Texas, it’s usually because they feel that they have nothing valuable to protect. However, renters insurance actually includes coverages that protect more than just the policyholder’s possessions. Here’s how renters insurance covers more than you might think.

Personal Property Coverage

Technically, this coverage protects your personal belongings, but this aspect of renters insurance is also meant to protect your finances. Even if you don’t have anything particularly valuable, if you added up the value of everything you own, you would realize that the cost of replacing all your belongings would be absolutely staggering. This is why you should consider getting renters insurance to protect you from the financial burden of personal property losses.

Loss of Use Coverage

If a fire or other issue forced you out of your home, you would need to find a temporary place to stay. However, the costs associated with this temporary home might be more than your usual rent. This is why having loss of use coverage is so important. This aspect of renters insurance will help you cover the costs associated with temporarily living elsewhere due to factors that make your current rental uninhabitable.

Personal Liability Coverage

If someone injured him or herself in your rental, or if your pet bit one of your guests, this could result in a personal liability issue for you. Keep in mind that lawsuits, even among the best of friends, are something that occurs regularly in today’s society. Luckily, renters insurance offers personal liability coverages that can help you cover the legal fees and settlement expenses associated with a personal liability suit.

These are how the coverages offered by renters insurance can protect more than just your personal belongings.  Do you have more questions regarding your renters insurance in Plano, Texas?  Don’t hesitate to turn to the experts at Tri-Star Insurance/HUB International.  Our dedicated team is ready to assist you with all your insurance needs.  Contact us to get started today.