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Renters Home Insurance for Personal Property

Are you renting an apartment or condominium? Do you think you are protected by the building owner's property insurance in case of natural disaster, fire or theft? The owner of the property you are renting will have insurance on the building and he or she might also have coverage for items inside your unit like the appliances, light fixtures and carpets. Unfortunately, many renters think that they don't need renters insurance and that they will be covered under the property owner's policy. That simply is not the case, any renter of a room in a house, an apartment or condominium needs to have their own personal renters insurance to protect their personal property.

If you have shied away from securing renters insurance as a cost savings measure, consider how financially devastated you could become if you lost all your personal belongings in a fire or due to a break-in. Could you afford to replace all your personal belongings with your savings? If the answer is no, then you should be investigating your renters insurance options.

Here are four reasons you should be pursuing renters insurance to protect yourself and your belongings.

• Securing a renters insurance policy might actually be required to live up to your end of the lease agreement


• If you have made improvements or upgrades to your rental unit, the property owner's insurance policy probably doesn't cover these upgrades. Therefore, if something happened to the custom built shelving unit or the new carpeting you installed, these upgrades are not protected.


• As previously stated, your personal belongings are not covered under the property owner's policy. Therefore, your precious artwork, jewelry, furniture, electronics and other valuables are at risk for damage and theft.


• You could be held personally liable if someone were to injure themselves while visiting in your unit or if you unknowingly damage a neighbor's property. Renters insurance limits your personal liability in these cases.

To find the best renters insurance plan to meet your specific needs, contact the friendly professionals from NII Brokerage. They offer the broadest coverage available for any upgrades you may have made, to protect your personal belongings and to protect you against unexpected situations. To learn more about renters' insurance plans, call NII Brokerage today.