There are many reasons why you should consider purchasing renters insurance if you have not already done so. At Marino Agency Inc., serving the greater Mt. Ephraim, NJ area, we want to educate everyone on the importance of buying this type of insurance plan. As a renter, here are three of the lesser known reasons why you should consider purchasing renters insurance. 

Renters Insurance Covers You if You Are Displaced

If the home you are renting burns to the ground, floods, or becomes uninhabitable, renters insurance pays for you to live elsewhere for a period of time. This helps to ensure that you are not left homeless, couch surfing with friends, or paying for an expensive hotel in the event of an emergency. 

Homeowners Insurance Doesn’t Cover Renters Belongings

The second reason why it is so important to purchase renters insurance is that homeowners insurance does not cover your belongings. Many renters do not realize that they are not covered by the homeowner’s policy of the person they are renting from. If you do not have renters insurance and your belongings are damaged in a fire or stolen, you won’t get reimbursed for the fair market value of those items. 

Renters Insurance Covers Damage You Accidentally Do to the Dwelling

The last reason why renters insurance is so important is that it protects you if you accidentally damage the dwelling. If you accidentally start a fire in a rented home or cause a flood, the homeowner can sue you for the damage done to your home. Renters insurance steps in to financially protect and cover you. 

When you are ready to buy renters insurance in the greater Mt. Ephraim, NJ area, please contact Marino Agency Inc. We can put together a renters insurance policy that offers you all of the protections you need. Call us now to get started and learn more.