The Benefits Of Renter's Insurance

Liability

Liability coverage is an important piece of an insurance policy to have, and every renter should include it in their rental policy. Renters are personally responsible for certain things, but this doesn’t mean they can afford to pay for them. For example, if the renter invites a guest into their home and the guest gets hurt after falling down the stairs, they could choose to sue the renter for damages. The renter could be found liable for the medical bills and injuries the guest suffered and is then responsible for paying those costs. Liability coverage protects the renter from being personally liable for the damages that occur to guests and even to the building itself. It’s one of the most important policies, as it protects against personal injury lawsuits, which can become quite costly.

Continue reading to reveal what renter's insurance does not cover.