Why Do I Need Renters Insurance?

Submitted Melanie Bakala State Farm

That’s easy. Renters insurance covers what you own. Most landlords insurance only covers the building and damages due to negligence. Coverage for damage to your personal property form things like theft, vandalism, and fire, is up to you.

If your apartment was burglarized, would you have the cash to replace what is stolen?
If your apartment was burglarized, would you have the cash to replace what is stolen? Photo courtesy: Melanie Bakala State Farm

A lot of times, renters’ belongings cost more than they think.

“Take a minute and add up the approximate cost of your computer, television, stereo, furniture, jewelry, and clothing,” says State Farm Agent Melanie Bakala. “If a fire gutted your apartment tomorrow, would you have the cash to replace it all?”

Renters insurance covers much more than just your property. The typical policy can include up to $100,000 in liability coverage. That means in the event of a covered loss, your insurance company will help cover costs if you’re held responsible for injuring another person or damaging another person’s property, including your landlords.

Renters Insurance is relatively inexpensive – an average renters policy costs just $12 a month for up to $30,000 in personal property coverage.

If you don’t currently have renters insurance, reach out to your insurance agent today.  If you don’t have an agent, learn more by visiting the Melanie Bakala State Farm website or calling 360.426.2428 (Shelton) or 360.972.7905 (Lacey).

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