Do you live in a house or apartment that you don’t own? Would you like to have peace of mind knowing that your belongings are protected? If yes, you should consider getting renters insurance. Keep reading to find out why renters insurance is a good idea.
What is renters insurance?
Renters insurance protects you in a wide variety of ways that you may not have considered before or even been aware of. It can cover theft following a break-in, fire, flood damage or other risks to the moveable items inside your home/apartment. This includes furniture, clothes, jewellery, electronics and general personal belongings.
You might think you don’t own much, but if you accidentally flood your home or a burglar takes all your favourite electronic gadgets, it can quickly add up.
Don’t get confused by different terminology, renters insurance works much the same way as home owner insurance, but is tailored to you and your belongings.
What exactly is covered?
Renters policies generally protect the contents of your home against a wide set of risks. They vary from insurer to insurer but most will insure you against common incidents like fire, lightening, break-ins and flood.
If you’re thinking of protecting the contents of your home with a renters policy. Here are some of the things that FBD Insurance cover:
- Theft or attempted theft following a break-in
- Public & Personal liability
- Fire, explosion, lightning, thunderbolt, earthquake
- Smoke damage
- Storm or flood damage
- Escape of water from any fixed water or heating installation or domestic appliance
- Falling trees or parts of trees
Why do I need renters insurance?
You might ask yourself whether you actually need renters insurance if your landlord already has insurance. It’s important to know that most landlords only have insurance that covers the damage to the actual residence, which means your belongings – furniture, electronics, clothes, etc. are not protected in case of fire, theft or damage – so you could be left out of pocket!
Anything else I should know?
Renters insurance is very affordable. You can get renters insurance from FBD Insurance from just 23c per day. Your actual cost will depend on how much cover you need, the type of coverage you choose, where you live, etc.
If you decide to purchase renters insurance we recommend to take photos or videos of your place and your most valuable belongings. In case something unexpected happens, you’ll have a record of everything.
So if you are renting and you want to cover the things you love contact FBD Insurance or check out their Home Insurance page for more information.