Americans’ most common insurance types are auto, home, and health insurance. Renters insurance does not belong to this category of popular insurance types. Based on the results of a recent study, only about 65% of Americans get renters insurance when they rent an apartment or house. Why is it like this? One of the reasons is the myths about renters insurance. Keep on reading this blog post – we will debunk them in this article:
Myth 1: Renters insurance is expensive
Believe it or not, renters insurance is much cheaper than home insurance. Although every renter pays a different rate for renters insurance, most renters can easily afford it.
Myth 2: Landlords have their own insurance
Yes, a landlord may have insurance covering the building itself. However, your personal stuff is not part of your landlord’s insurance. Since your landlord does not possess your belongings, they won’t want to cover them.
Myth 3: If your roommate already has renters insurance, you do not need to get it
It is quite unlikely that your roommate’s insurance will cover you and your personal belongings. Therefore, if you have a roommate, ask them whether their insurance will protect you.
Myth 4: I will never need renters insurance and will never use it
If you ask any tenant renting a place, they will say they hope they will never need to submit a claim. Unfortunately, things occur when you do not expect them. You will probably prefer to be safe than sorry.
If you are considering renting a place to live, you should also get renters insurance. If you live in Cypress, TX, and need help from a reliable and trustworthy agency, InsureUS is here to help you. At InsureUS, we are ready to answer all your questions and find the perfect policy.