Renters insurance is a type of “homeowners insurance” that is used for insuring your personal belongings and liability when you are renting an apartment or a home. The insurance policy that protects the building you are renting only provides coverage for the owner of that building, leaving you out to dry if the building were to burn down, have a break-in, or any other potential loss.

Here are a couple of potential insurance losses you could have as a renter:

• Scenario 1 Let’s say you rent a home in PA and it is in your lease that you are responsible for maintenance of the property, such as cutting the lawn and shoveling snow. A winter storm comes through, leaving a layer of ice on your walkway, and someone slips outside of your home and gets hurt. Once an attorney gets ahold of the case, they are going to sue the owner of the building, as well as the tenant (you). If you do not have a renters insurance policy, your personal assets could be at stake to help pay the medical bills of the injured person.
• Scenario 2 You finally got your own place. You bought new furniture for the living room and bedroom. You decorated beautifully. However, you didn’t think to buy renters insurance. Another tenant falls asleep while cooking dinner 2 doors down and, next thing you know, all of that money you spent just went up in flames (unfortunately, I’ve seen it happen). The apartment takes no responsibility in replacing your belongings so, in the absence of a renters insurance policy, you are out of luck.

Fortunately for you, renters insurance in Media, PA is cheap. Policies can be as low as $125 per year and takes very little time to get a quote. Furthermore, if you bundle with your auto insurance company, you will get a discount. In some cases, this discount is enough to eliminate the cost of the renters insurance altogether.

Finally, Geico, State Farm, and Allstate are not the only companies that offer renters insurance in PA. They just spend the most money making sure you know they do it. In most cases, the rates that you can get through an independent agent will be much better than you get through the companies I’ve mentioned above. Independent agents are contracted to write insurance with a number of companies, giving them the ability to shop your insurance for you. You also get an advocate that works for YOU, not the insurance company… all for less than you would pay one of those big marketing companies like Geico, State Farm, and Allstate. Keep in mind, you are paying for all of those commercials.

Call Risk Averse Insurance in Media, PA to discuss your homeowners insurance or renters insurance.

Risk Averse Insurance is an insurance agency in Delaware County that specializes in providing high-quality insurance products at an affordable price.