What is Renters Insurance?
There are many options when it comes to choosing a place to live in Vermont. Many residents choose to rent a house or apartment, taking advantage of the amenities, convenience, and flexibility that can’t always be found with home ownership. However, renting is also a financial risk. If you rent, you should have renters insurance to provide financial protections for injuries, damages, and other losses.Many tenants don’t realize that the landlord’s insurance provides them no financial protections. If your personal belongings are damaged in a fire or other event, or lost due to theft, your landlord’s coverage will not help you replace your items, potentially costing you tens of thousands of dollars. Their liability coverage will also not extend to cover injuries that occur due to your actions. Renters insurance provides VT tenants with both property and liability protection in an affordable policy.
Why You Need Vermont Renters Insurance
Every day, people across VT suffer losses to their property. Your rental apartment or house is at risk for events including:
- Wind damage
- Falling debris
- Other storm damage