How Does Renters’ Insurance Work?

When you are renting a place to live you need specialized insurance to protect you from a number of disasters and calamities. If you don’t yet have renters’ insurance, call us at THINK Insurance & Financial Services in Pomona, CA to talk to an agent about this must-have insurance type. 

Protecting Your Belongings

Unlike home insurance, renters’ insurance doesn’t cover the building itself. The building is the responsibility of the owner, and they must have insurance for it. As a renter, all you need is a renters’ policy. This will give you financial protection against your belongings being ruined or destroyed. It’s an important type of insurance to have to ensure your quality of life after a disaster happens.

Protecting You Financially

Part of a renters’ insurance policy is coverage for your liability to third parties. If someone were to become injured or ill in your rented home, you may be liable for the conditions that led to it. That’s where renters’ insurance comes in. It pays for the medical bills that are incurred during an incident that you are liable for. This is a much-needed type of financial protection that is far better to have in place than to simply go it alone and hope that an accident or other incident never happens. 

Protecting Your Standard of Living

If your rented home were to have a serious calamity that made your home uninhabitable, your renters’ insurance will pay for you to maintain your standard of living and to live elsewhere while the rented home is repaired or rebuilt. This allows for plenty of peace of mind as you don’t have to worry about what you would do if there were a serious catastrophe.

Talk to an Agent

If you don’t have renters’ insurance in place yet, you need to talk with an agent to learn more. Call us at THINK Insurance & Financial Services in Pomona, CA.