Top Reasons for a Renters Policy

Many tenants overlook purchasing renters insurance as they do not understand the benefits that renters insurance can offer. If you are a renter in the Milwaukee, WI area, you should consider purchasing a policy for many of the following reasons.

Why Do You Need Renters Insurance from Dern & Company?

Many consumers skip renters insurance because they assume their belongings are not worth much. However, many people are shocked to see how much it would cost to replace all of their belongings. Our Dern & Company agents always suggest making an inventory list of your possessions. Once you have your inventory list, you will be able to choose the appropriate insurance level for your belongings. Be sure to mention any rare or specialty items you may have as you might need to purchase an add-on to cover those items.

Renters insurance may also protect you from liability related claims in your home. If you have a friend over and they slip and fall, you could be held liable in court. Renters insurance can assist with your legal bills as well as potential damages. If you have a dog, you should consider a policy that includes liability coverage in the event your dog were to bite someone. Dog bite claims can quickly add up and will drain you of your financial resources.

Another benefit offered by renters insurance is it can assist you with your expenses if your home becomes uninhabitable due to a covered peril. Events like a fire could leave you without a place to stay for months. A renters insurance policy can assist with the costs of temporary housing and can accommodate for food and other expenses.

If you are interested in learning more about renters insurance, please reach out to an insurance specialist at Dern & Company today. We proudly serve the Milwaukee, WI area and are ready to answer your questions.