Do You Really Need Renter’s Insurance?

If you are renting a home or an apartment, you may be wondering if you need to get renter’s insurance. While this is an important decision that is personal, there are some times when you may want to have insurance. 

You may be required to have renter’s insurance. If your landlord requires you to have renter’s insurance, you may need to show them proof that you have insurance for your things. 

It will cover your possessions. If you have some possessions that have some value, you are going to want to make sure that you are protected. It will cover the cost of replacing your items if something happens to your apartment or rented home. 

It will also protect you if someone gets hurt in your apartment or home. When you have renter’s insurance, it will help you if someone gets hurt at your place. Not only will it cover their medical bills, it will help you if you get sued. It will pay your legal fees. 

Your renter’s insurance may also protect you if you lose your home. If your rental property is inhabitable, your renter’s insurance may help you with your extra expenses during this time. 

While many landlords may require renter’s insurance, you may also want to get it to protect your possessions. You may also want to protect yourself in case someone gets hurt in your home. Your renter’s insurance will help cover their medical bills, along with any legal fees if you end up getting sued. 

If you want to talk to a professional about whether you need renter’s insurance or not, don’t hesitate to contact us today at Dern & Company in Milwaukee, WI.