You don't need homeowner's insurance when you rent, but you do need to have a renters' insurance policy. It isn't up to you to get coverage for your dwelling, but renters' insurance gives you many other types of critical coverage. If you rent and need a renters' policy, call us at ControlMyRate.com to find out more and get started.
One of the most important ways this type of policy protects you is by covering your possessions inside your rented home. When you have renters' insurance, it covers the belongings inside your home so that you won't have to pay to replace them all if something serious happens to them. This coverage protects you against several calamities and disasters so that you don't have to start over again after a covered incident.
When renting a home, you have liability if someone were to be injured while in your home. An accident with injuries means medical bills, and those can be steep. If you don't want to reach into your own pocket to pay those bills, you need to have renters' insurance in place. It includes liability coverage so that the renters' policy can pay for those medical bills.
If something terrible happens to your home, your renters' policy can pay for you to live somewhere else while the repairs are made to your rental. This may be necessary because of several adverse events like disasters or accidents. With this coverage, you don't have to stay in a place that isn't habitable.
There is no time to wait if you're renting and don't yet have a renters' policy. Call us at ControlMyRate.com to find out more and get a quote.