When you consider all of the things that you need in order to live a comfortable life, creating a budget seems like the best course of action. You’ll need to have enough in your account for the necessities, and wouldn’t it be nice if you were able to purchase the occasional luxury item? After working hard scrimping and saving, finally being able to buy that flat screen TV feels oh so good! Until the unthinkable happens; someone breaks into your apartment while you’re at work and rips it from the wall, leaving you with huge holes in your drywall and a bank account now depleted for no reason.
To avoid the pain and suffering of being ripped off, renters insurance will protect you when your highly-prized items are stolen or damaged. Protecting your goods and assets with the best renters insurance providers have to offer isn’t just easy, it’s smart. Let’s take a look at some of the benefits of renters insurance.
It Just Makes Sense
Renters insurance, for how widely it is ignored, makes perfect sense. You buy things that cost money. Some of these things you like, some you need, but all are in your possession for a reason. So why wouldn’t you want to protect those belongings for a modest monthly fee? Especially when you’ve put your hard money earned toward purchasing these possessions, the sensible thing would be to put just a tiny bit more down to ensure their safety.
By investing in renters insurance, you are protecting the value of your things. This way when they’re damaged or stolen, a repair or replacement is paid for by your coverage. The monthly amount you need to set aside equates to a handful of visits to the coffee shop over the course of the month.
Your Treasures Are Safe
Many policies will cover your possessions regardless of where they are lost, stolen or damaged. If you lose a piece of jewelry, get your iPhone stolen, or drop your laptop, your renters insurance will cover the damages. It might sound too good to be true, but renters insurance will literally cover all of your important items.
According to the FBI, in 2014 alone there were approximately 8,277,829 property crime offenses in the United States. Larceny-theft accounted for 70.8 percent of all property crimes. This means that after unsuspecting individuals had their houses, apartments and cars burgled, their property was then set aflame by the assailant in the hopes of covering their tracks. What did all of this cost the victims? A record total of $3.9 billion in property losses. Don’t add your number to the statistic.
Instead of taking such a high risk, think about just how much easier your life can be with renters insurance; it would be as though your flat screen television was never stolen, and your apartment never burglarized. If more people protected themselves with renters insurance there would be a lot less material things to worry about. Consider protecting your assets today.