Do I Need Renters Insurance?

Do I Need Renters Insurance?

It may be a rental, but it’s still home.

While the building may be the landlord’s concern, what’s inside is all yours.

Renters sometimes assume the owner will cover their damages after a fire, water damage or a disaster. In reality, the owner’s insurance protects the structure of the building, but if you’re the renter, you’re responsible for protecting your belongings, as well as your safety and that of your guests.

You may be eligible for a discount on a renters insurance policy if the place you rent includes:

• Alarm systems

• Sprinkler systems

• Smoke detectors

• Deadbolt locks

And, ask us if you’re eligible for a multi-policy discount when you add renters insurance to your current coverage.

Going Back to College? Don’t Forget Your Renters Insurance!

College rooming checklist: Sign lease, move stuff, get insurance.

Whether your college “nest” is dorm, apartment or house, protect your personal property with renters insurance.

So you’re headed off to college. Whether your “home-away-from-home” will on campus or off campus, Cloverleaf Insurance recommends that college students purchase renters insurance. We think this is a great idea—it’s much cheaper than people realize, often costing less than a dollar a day. Many people believe—falsely—that their landlord’s insurance will cover their property if it’s stolen or damaged. Though it will in some cases, this probably isn’t true. If you don’t have renters insurance and something happens, you might be out of luck!

Another common misconception many college students have is that their parents’ homeowners insurance will cover them. Most policies will cover only a sliver of property away from the primary location—in this case, Mom and Dad’s house. So you may be covered for the price of your DVD player, but not your furniture, Xbox or TV.

It is possible that your parents’ home insurance will cover you. Get protected today! Contact Cloverleaf insurance 1-800-530-5822, and we’ll help you get the protection you need. We hope nothing happens to your stuff, but a few dozen dollars a month today might save you tens of thousands of dollars tomorrow.