You signed the lease and you’re ready to move in, right? Not yet!
Just because you’re renting doesn’t mean you don’t need insurance. Purchasing renters coverage can be one of the best decisions you’ll ever make. It covers your possessions from risks like fires, pipe bursts and break-ins. It also comes with liability protection.
So if someone seriously hurts themselves while trying new dance moves at a party you’re hosting, your policy may help pay if you’re held legally responsible for those injuries.
Why Do I Need It?
While your landlord may have insurance on the building you’re renting, that coverage typically doesn’t extend to you or your things.
Without renters coverage, you could be responsible for the entire cost of replacing your belongings if they are stolen or damaged in a covered loss. It can be easy to say, “I don’t really have that much stuff.” But, you probably have more than you realize. Here’s a good way to think about it: if you turn your apartment upside down, could you afford to replace the things that fall out? Think about every pot and pan in your kitchen, all of the shoes, coats and clothing in your closet, and all the electronics you own. It adds up fast.
Your renters’ policy also gives you broad liability coverage, which protects you while you’re at home and away. Say you’re hurrying through the airport trying to catch a flight. You’re in such a rush that you knock down a little girl and seriously hurt her. Your renters’ policy could help pay for her medical bills if you’re held legally responsible. We’ve all heard about $400 hospital aspirins.
Who Needs Renters Insurance?
Just about anyone who rents can benefit from having renters coverage.
Just moved into your first apartment? Renters coverage can help protect the couch your parents bought you as a housewarming gift — the one where you lounge while streaming movies on your smartphone or tablet (which your policy also covers).
Renting a family home? Your policy can help cover your kids’ sports gear, the countertop kitchen appliances that you use to make your secret cookie recipe, and the bedroom set you purchased after paying off your student loans.
Downsizing? If your kids have grown and you’re moving into a smaller space, a renters policy gives you the coverage you need for your treasured belongings, like vacation souvenirs and your wedding china.
Get Covered Today!
Call The Ross Maghan Agency at (732) 566-0003 to see how you can save on your New Jersey renters insurance.