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Don't Be Left Unprotected: Get the Details on Renter's Insurance

By Sponsored Advertising Content January 13, 2021


Are you a renter? Are you covered with a renter's policy? A renters policy is ALWAYS a great idea!

Your renter's policy is what covers a renter’s personal belongings and certain liabilities. It is estimated that only 37% of renters have a policy, so why so few? 

One reason may be that a lot of people assume that they are coved through their landlord's policy; this is FALSE. Another reason may be that people underestimate the value of their belongings. If you look room by room, the value in your belongings adds up quickly! The average value of belongings for a renter is around $20,000! Lastly, many overlook their own liability. If someone is injured in the home/apartment you rent, they could sue you.

Renter's policies are more affordable than you think! In the state of Pennsylvania, the average cost of a renters policy is around $165 a year or only $14 per month! Your exact cost will depend on the type of coverage you need. It is often possible to bundle your auto with your renter's policy so your premium will be even lower.

Renter's policies cover personal property that is not covered by your landlord. A renter's policy protects you from a long list of perils including (not limited to) fire, smoke, and theft. Your policy will cover additional living expenses as well. If something occurs to your home you rent and you are displaced, your policy will help cover the cost of needing to live somewhere else temporarily. A renter's policy will even cover your personal belongings when you travel! A renter's policy will reimburse you if something would happen to your belongings such as a fire or theft while you travel.

You may be someone who has rented for years and never had a policy, or maybe you are a young adult renting your first apartment. No matter where you are on the path of life, reach out to us today so we can help explain the coverage you need and get you the best possible premium! Contact us today to learn more about the coverage you need when it comes to renting!


Your friends at Friedrich Insurance,

Erin Friedrich Horning
erinhorning@friedrichinsurance.comcastbiz.net
717-866-2572
Facebook page: Friedrich Insurance



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