Monday, October 7, 2013

Importance of Having Renters Insurance

Not only does renter's insurance provide protection for your personal items and liability for your negligence, it will also pay defense costs if someone is injured on the property, or if you are sued because of damages you cause to the dwelling. Imagine that the rental house where you live burns because you accidentally left the stove turned on when you ran to the store. The company that insures the dwelling for its owner is likely to pay for the damage and then sue you to recover that amount. Your renter's insurance will pay for any defense cost, plus the judgment awarded by the court, up to the limits of your policy. Read more:

1 comment:

  1. I was moving to Chicago and used Renter's Refuge to help me find an apartment. Not knowing the Chicago area very well, how to delay eviction