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If you rent your home, it’s important to think about financially protecting yourself and your belongings with a renters insurance policy. Although you may not be required to purchase this type of coverage, renters insurance provides peace of mind and offers many perks that you might not know about. The team at Siemers Insurance Agency, located in Cincinnati, OH, discusses the benefits of getting a policy.

Why Should You Consider Renters Insurance?

1. Policies Are Affordable

Renters insurance is a very affordable policy. For less than one dollar per day, you can get enough coverage to fully protect your belongings. The cost of a policy could be even lower if you purchase it through the same insurer that provides your auto insurance.

2. It Includes Liability Protection

insuranceRenters insurance includes coverage if you are legally responsible for injuries or property damage. For example, if you drop a glass of water and your guest hurts himself and sues, your renters insurance policy protects you from being financially liable. Most plans offer liability coverage that pays the injured person’s medical bills.

3. It Fills Coverage Gaps

Your renters insurance policy fills gaps left by other policies such as auto insurance. If your laptop is stolen out of your car, you may believe that your auto insurance policy will cover the theft. However, your renters insurance policy covers your belongings, even if they are not located inside your residence.

4. It Covers a Wide Variety of Incidents

A standard renters insurance policy protects you from weather-related damages including windstorms, hail, and lightning. It also offers coverage if your personal belongings are stolen or vandalized. Although it protects you from a wide variety of perils, these types of policies typically exclude flood damage, earthquakes, and mudslides.

The team at Siemers Insurance Agency provides residents of greater Cincinnati, northern Kentucky, and southeast Indiana with comprehensive coverage for their residence and vehicles. Give them a call at (513) 469-8877 to speak to an insurance agent. You can also visit them online to learn more about their insurance agency.

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