Most people overlook the importance of renters insurance. Unfortunately, for those who are renting homes, townhomes, condos, or apartments, it’s one of the most important types of insurance you can purchase. Johl & Company is here to help you get the insurance coverage you need to protect your interests as a renter and as your insurance needs change over time.
Why is Renters Insurance so Important?
As a renter you may not believe you have a huge investment in your home or apartment to protect. That really isn’t the case, though.
You still have furniture, kitchenware, tools, electronics, linens, bedding, computers, clothing, shoes, toys, toiletries, and so much more that can easily get destroyed in a covered event or be stolen.
In fact, if you take the time to sit down and add everything up for replacement in one fell swoop, you’ll find that you have a much bigger investment in the items in your apartment than you realize.
But that’s not the only reason to invest in renters insurance. For some, it may not even be the most important reason to do so. The average renters insurance policy also includes a certain amount of liability coverage. Liability coverage helps you to pay for legal fees and settlements or judgments if you, or something in your apartment, causes injury to another apartment or property damage to the apartments around you.
What does this mean? It means that if your waterbed were to burst while you’re at the office dumping a huge amount of water on the floor and the apartment below yours, you could be held responsible for the damage to the building and to the apartment (and objects in the apartment) below yours, the legal fees and judgments are covered.
That is, of course, as long as they fall within the limits of your renters insurance policy. Those numbers can add up quickly making this an important policy to have.
Considerations when Purchasing Renters Insurance
One of the reasons it’s so important to work with an independent insurance agent when purchasing things like renters insurance is that your agent is there to help you make thoughtful, educated decisions about the type and extent of coverage you need.
For instance, if your agent discovers that your apartment is filled with antiques or artwork, or that you have an extensive collection of fur coats, jewelry, or expensive electronics, he or she should suggest that you invest in an additional policy for valuable items.
The average insurance policy places a limit on coverage amounts for general household possessions. Valuable items coverage allows you to cover certain items for higher values, though appraisals are often require to reach an agreed upon value.
The Johl & Company Difference
Johl & Company is an independent insurance agency. This means we’re working for you. Our goal is to help you get the right insurance policy, whatever kind of insurance you need. We don’t believe in selling a policy for selling’s sake, and we take great pride in offer outstanding and personal service when making the initial sell and when you need to file a claim.
In all of our endeavors, our goal is to help you reduce your risks. We have received many rave reviews from satisfied customers and invite you to take a look and see what others have to say about our service and our products.