What Risks Do You Face By Skipping Renters Insurance

Renters insurance is for people renting a home, apartment, or condo. Typically, it provides coverage for personal belongings from such damages as fire, theft, vandalism, smoke, and others, It also protects a tenant if a guest or visitor gets injured on the rented property and decides to take legal action. Many people renting property decide to skip rental insurance and do not realize that they are taking a big risk. Consult with Insurance Protection Specialists in Flowood, MS for expert insurance advice. 

Here is a list of risks you face if you do not purchase renters insurance:

1. Damaged Belongings

If a fire or flood happens and damages your personal belongings, you will have to repair or replace them. Without renters insurance that would protect you financially, this may cost you a lot. 

2. Lawsuits 

If a visitor or guest comes to your rented property and gets injured or bitten by a dog, you may be responsible for an injury and will have to cover legal and medical expenses. If you do not have renters insurance, attorney charges and hospital charges will not be covered. 

3. Eviction

Often, one of the requirements of a lease agreement is to have renters insurance. This means that you may not be able to rent a home without purchasing proper insurance. Therefore, by signing a lease agreement, you agree to carry insurance. If you fail to do so, your landlord can evict you. 

Get Renters Insurance Today

If you are currently shopping for renters insurance and need some help, our team at Insurance Protection Specialists in Flowood, MS is here to assist you. We specialize in all types of insurance, including renters insurance as well. We have over 50 years of combined professional experience in serving clients in Flowood, MS and other surrounding communities. If you have questions about insurance policies and you want to know more, feel free to contact us.