The Reasons Why You Need Cleveland Renter’s Insurance
Renter’s insurance is very important coverage to have, but the problem is that not many people understand exactly why they need it. There are numerous myths floating around that convince people that it is not necessary, and that insurance is not something that they need to worry about because they do not own their property. These myths couldn't be further from the actual truth. We decided to break down the top five myths that people commonly tell or hear about renter’s insurance in Ohio to ensure that anyone reading this will understand the reasons why you need Cleveland renter’s insurance. This coverage is essential to any renter and we hope that we can break down why that is true in this post.
I don’t need any coverage on my house/apartment because I don’t own it…
You may think that it isn’t your responsibility to get an insurance policy for a house or apartment that isn’t yours, unlike a home owners insurance policy for a home you own. This is a fair enough assumption, but what you should keep in mind is that even if the building is not technically yours, the things that are inside of it are yours. Think of your expensive MacBook, the camera you use to take photos of the kids on every family vacation, and that new flat screen TV that you bought your husband for Christmas. Those wouldn’t be covered in case of theft or damage... unless you had the proper renter’s insurance policy in place! Other factors to think about are personal liability and or medical expenses. For example, what if someone was to get hurt while at your house? Maybe one of the neighborhood children fell and broke a bone. If the child ended up needing hospitalization and the parents decided to sue, you could be in quite a bit of a financial strain. Surgeries and broken bones do not make for a cheap hospital visit, but if you have the proper coverage in place, you don’t have to worry about paying all of these bills or all of the legal fees that may result. The myth that you don’t need coverage for a home unless you own it is definitely one of the most important myths to debunk when thinking about the reasons why you need Cleveland renter’s insurance. Keep yourself protected and you’ll be sitting in a good position if disaster does decide to strike.
Renter’s insurance is too expensive…
Renter’s insurance is one of the cheapest insurance policies that you could have. In many cases this coverage costs a few cents a day. Although prices vary from company to company, they tend to be very low as a whole. If you think about it, apartments are not cheap. If something were to happen to your apartment, you could lose out on a lot. If, however, you have proper renter’s insurance coverage in place, you will not have to stress if something were to actually happen. One tip for cutting costs with this coverage is to try to get it through the insurance company that you already use for other types of coverage, for example, the insurance company that you insure your car through. Make sure to shop around and find the best price in your area, because the prices do vary from company to company.
Renter’s insurance only covers the building and not my possessions…
This assumption is false, because renter’s insurance does, in fact, cover your personal possessions. As talked about above, you want to make sure that new flat screen and the rest of those expensive electronics are protected. If someone were to break in and take them, or your apartment were to flood and they got ruined, you would wish you had put more consideration into the reasons why you need Cleveland renter’s insurance. Save yourself and those closest to you the headache… talk to us today about how you can protect the house or apartment that you rent!
My apartment/house isn’t that nice, so renter’s insurance isn’t necessary...
Regardless of how nice your apartment or house is, the fact is that it is still probably one of the most expensive expenses that you pay for. Think about it like this, you most likely spend more money on rent in a few months than you did on your computer or your phone, and think of the extremes you go to to make sure they are taken care of with phone insurance and that anti-virus for your computer. Homes are not cheap, which means that replacing them and the things inside of them would not be cheap either. It is better to be safe than sorry, so think of that as you are looking further into the reasons why you need Cleveland renter’s insurance, because it can be vital in many cases!
It’s too hard and takes too long to find the right coverage…
The thought that finding renter’s insurance is too hard is a huge misconception and one of the main reasons why we had to write an article titled, “the reasons why you need Cleveland renter’s insurance.” Here at Cobos Insurance, we make it easy for you to get in contact with one of our agents who will take the time to go over our different plans. The agent will listen to your unique situation and recommend specific coverages for your individual needs. We take care of our customers here at Cobos Insurance, and we hope that you’ll give us a call today so that we can take care of your home and anything else you might need coverage for!