Renters Insurance In Pennsylvania
There is a common misconception when it comes to renting an apartment. Many Pennsylvania renters believe that as long as their landlord has homeowner's insurance, they are covered. This is not the case. Sure, the landlord's homeowner's insurance will cover the structure of the building, but it won't do much to benefit you. If you are planning to rent an apartment or a house in Pennsylvania, there are several reasons why renter's insurance is essential.
Protects You Against Liability
If someone is injured on your rental property, you could be held liable. If you don't have renter's insurance, you could end up paying a lot of money. If you have a dog, it is even more vital that you have renter's insurance. If your dog attacks a guest or someone who comes to the door, they can file a lawsuit against you. If you have renter's insurance, it will cover the cost associated with the dog bite.
Protection After a Break-In
If you are like most people, you have expensive items in your home, such as electronics, jewelry, and clothing. If someone breaks into your apartment and you aren't covered by insurance, you would not be compensated for your loss. A renter's insurance policy would give you the cash value of the items that were stolen as long as the landlord was not lax with security, such as locks and lighting.
Protection After a Natural Disaster
If your rented property is impacted by a natural disaster such as a hurricane, tornado, or wildfire, your landlord's homeowner's insurance will cover the structure of the building and nothing more. If your belongings were destroyed, you would have no protection unless you have renter's insurance. Your renter's insurance policy will cover all of your personal belongings that have been destroyed during a natural disaster.
If you start a fire by accident or due to your negligence, your belongings would not be covered under your landlord's homeowner's insurance policy. If something like this happens, you can end up losing everything that you own. If you have renter's insurance, it will pay to replace anything that you lost in the fire.
If you are renting your home, the best way to protect yourself and your belongings is to take out a renter's insurance policy. For information on cost and coverage, contact Milestone Insurance Agency, Inc. today.