It’s an exciting time of year–it’s almost time for college students to head back to campus. While many students still live on-campus, if you are a college student that is going to be in your own apartment this year, congratulations! This is one of the many steps you’ll take towards independence.
Although you may be focused on getting the perfect furniture and cool decorations for your new place, you should also be prepared in case something goes wrong. Now, you probably don’t want to think about it, but there are a lot of things that can happen at your apartment, and no, that doesn’t include any fun parties you might be throwing.
What do you do if someone breaks something in your place? Or your friend hurts themselves while dancing around your living room and decides to sue you? These accidents, while scary to think about, do in fact happen, and you should be ready just in case. Renters’ insurance is a great way to be prepared for the worst while hoping for the best. It will protect your belongings, protect you from any liability and also cover any living expenses if your apartment becomes unlivable for a time. Let’s look at these three aspects of renters’ insurance.
Property Replacement Basics
If you own an expensive laptop, a high-quality flat screen TV or any nice furniture, you might want to take care of it. One way you can do this is by protecting your valuables with renters’ insurance. How does this work? Well, you can insure each of your important belongings in your apartment, so that if thieves come and steal your things or there’s fire or water damage that occurs, you can call your agent, fill out any paperwork, and get the monetary value of each item back. This way, you’ll be able to replace anything that’s been stolen, damaged or destroyed.
The Essentials of Liability Protection
Let’s say you’re throwing an amazing party, and someone happens to slip and fall on a rug that you have in the living room of your apartment. They sprain their ankle or break their arm, and all of a sudden, that friend of yours is suing you. While it was obviously an accident, you still are responsible. With renters’ insurance, you don’t have to worry about footing an expensive medical bill. It will cover the cost of repairs for any damage that occurred, as well as the medical expenses for your friend’s injury.
What About Living Expense Coverage?
While your landlord should have insurance that covers any cost of repairs in case of a natural disaster, like a hurricane or fire, what it won’t cover is the cost of you having to live somewhere else while the building is being repaired. Renters’ insurance, however, will cover these costs, also referred to as living expenses. Even if you only spend a few nights at a hotel, you can still run up a hefty tab. That’s where your renters’ insurance will step in, so you don’t have to worry about a thing.
So, Where Can You Get a Good Renters’ Insurance Policy?
We know you’ve got a lot on your plate, from physics to frat parties. So, let the experts at ABCO Insurance Agency, Inc help you find the perfect renters’ insurance policy for you. Contact us today to get started.