Your landlord probably has insurance, but it most likely only covers the building where you live — not your belongings or your legal liability. If your possessions are stolen during a break-in or damaged by a fire or severe windstorm, a renters insurance policy can allow you to recover their value. If someone is injured during an accident in your home and you are alleged to be legally responsible, renters insurance may help protect you in the case a liability lawsuit.
Common Myths About Renters Insurance
“Renters insurance coverage is expensive.”
UIG renters insurance is remarkably affordable. For premiums that average around $.60 per day, our policy may provide affordable basic protection for your personal property and can protect you in case of a liability lawsuit.
“The landlord’s insurance covers me.”
Your landlord’s insurance generally only covers the building where you live – not your personal belongings and your liability.
“I don’t need personal liability insurance.”
Your landlord’s policy most likely does not include liability coverage protecting you for something that happens in your rented residence. You could be held legally responsible for injury to another person or damage to another person’s property if an incident occurred within your rented residence, or elsewhere.
“I don’t own very much.”
Most people’s belongings are often worth more than they think. That’s one reason why you need renters insurance coverage.
UIG renters insurance is flexible, allowing you to select the coverages and insurance amounts that suit your needs.