Renter’s Insurance Benefits: Tips from a Baltimore Property Management Firm

When moving into a new rental property there are numerous tasks you need to check off of your “To Do” list, including packing, moving, unpacking, etc. However, the one task that should be at the top of your list is the same task that many renters choose to ignore: Renter’s Insurance.

We know what you are thinking: “Doesn’t my landlord have insurance?” Well, yes! But this insurance policy protects the owner and his or her property, not you, the tenant, and your belongings.

Benefits of Renter’s Insurance

  1. Financial Protection: Renter’s insurance protects you financially. If someone breaks into your apartment, you are covered. If a pipe bursts, you are covered. If there is a fire, you are covered.
  2. Cost-Effective: Renter’s insurance will not cost you an arm and a leg. It is actually very affordable, especially when you weight the cost of renter’s insurance against the cost of replacing your belongings. If you have renter’s insurance, you are covered.
  3. Liability Coverage: What happens when you are found at fault for another’s injuries? If you have renter’s insurance, you are covered.
  4. Emergency Living: When disaster strikes, where will you go? Better yet, how will you afford these extra costs? If you have renter’s insurance, you are covered.

What does Renter’s Insurance cover?

  • Fire & Smoke
  • Snow and Sleet
  • Explosions
  • Volcanoes
  • Aircraft and Ground Vehicles
  • Windstorms
  • Hail & Lightning
  • Riots
  • Any Civil Disturbance
  • Damage from electric surges
  • Water damage from utilities
  • Falling Objects

So please do yourself a favor and purchase renter’s insurance!

If you want to learn more about Renter’s Insurance or if you have any questions, please contact Auburn Rose Property Management by calling (443) 928-2220 or visit our website today! You can also follow Auburn Rose on FacebookTwitterLinkedIn, and Google+.

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