Maryland Renters Insurance
Do you need renter’s insurance? Is it expensive?
The simple answers are that if you are not living with your parents and you do not own the building that you are living in, then YES you do need a renter's insurance policy! and NO renter's insurance policies are not expensive.
Do you know the value of the belongings in the apartment or house that you currently rent? If everything were suddenly gone, could you afford to replace everything at one time? These are good questions to ask yourself, because since we do not buy all of our belongings at one time, sometimes we don't realize how much "stuff" we have accumulated over the years until it comes time to replace after a disaster strikes.
Here are a few examples of apartment fires that have occurred in the not so distant past.
- February 2011 Piney Orchard in Odenton Maryland
- April 2011 Cromwell Fountain in Glen Burnie Maryland
- April 2011 Cherry Lane in Laurel Maryland
- May 2011 in Baltimore Maryland:
Another area of concern is what happens if a visitor gets hurt while at your place? They could slip and fall, trip on the stairs, etc. Or what if you are golfing and hit a wicked slice and injure someone on an adjacent hole? They will be looking to you to cover their medical expenses and any lost wages should they have to miss any work. This is where the medical payments and personal liability coverages of a renter's insurance policy would come into play.
Think you are covered by your landlord’s insurance? Think again. You’ll need renter’s insurance to protect your belongings from perils like theft, vandalism, fire, and falling objects the minute you begin renting. According to recent estimates, nearly two-thirds of the 81 million people in the US who rent their homes are uninsured for their contents or for any liability arising out of their tenancy. Don’t be a statistic – get covered today!
Renters insurance assures you that you're protected against the damage or loss of personal property when you rent an apartment or house. Your landlord may have insurance that protects the physical building in which you reside, but this insurance will not cover your personal property. In fact, it's not at all uncommon for Maryland landlords to require the purchase of a renters insurance policy prior to renting or leasing.
Not only will renters insurance protect your personal items, it will also give you help with temporary housing and liability protection for people on your property. Renters insurance can help protect you in case of a liability lawsuit against you. This could occur in a situation where you are held responsible for:
- Injury to another person
- Damage to another person's property(whether the incident occurred within your rented residence or elsewhere)
Once you determine your need for renter's insurance, knowing your options will help you choose the best policy.
Think of the costs associated with having to replace everything you own. What if you came home tomorrow and your apartment had burned down? Where would you go? How would you pay to replace your clothing, furniture, and appliances? When you ask yourself what renters insurance covers, you can say yes to all of the above.
Renters insurance can cover virtually all of your personal possessions. Most policies provide coverage for electronic goods and equipment, small appliances, sports equipment, cameras and photography equipment, furniture, clothing, glassware and china, and books. Items such as computers, jewelry, furs, watercraft, and firearms can also be covered with extended protection. Your renters insurance policy will include:
- Personal property protection
- Family liability protection
- Guest medical protection
- Additional living expenses
- Additional protection
Get a Renters Insurance Quote Today!
A 2006 poll conducted by the Insurance Research Council found that only 43% of renters nationwide had insurance - don’t be left in the dark without coverage. To tailor a renters insurance policy that’s right for you today, fill out the quick and easy Renters Insurance Quote Form above right now. A Huff Insurance expert will provide you with the best possible quote in no time.