At High Favor Insurance of Birmingham, MI, we understand that insurance needs to change as your circumstances in life change. This happens with car insurance, life insurance, and homeowners insurance. There may be circumstances when renters insurance may be beneficial.
What is Renters Insurance?
Renters insurance is an insurance product that protects your personal possessions and more while you rent your living space. It covers items like furniture, clothing, housewares, bedding, and some electronics from common perils like theft, fire, and vandalism. It may even include a liability coverage element. It does not, however, cover the structure or common areas of your rental space. Here are some instances where you may be a candidate:
Going off to College
Students often have a house, an apartment, or a room, whether on-campus or off. College students are candidates for renters insurance.
Downsizing Seniors and Retirees
As older Americans approach retirement, many choose a more maintenance-free lifestyle of renting a home, condo, or apartment. Renters insurance can protect personal property and even cover liability injury claims.
Divorces
Married adults can find themselves as candidates for renters insurance should they get separated and live in separate places.
Young Couples
Young couples will often rent while they save for their own homes. Renters insurance can help prevent them from taking a step back in a loss.
Relocating
It can be an excellent idea to rent for a while after relocating for a job. This can give you time to explore more permanent housing options while getting used to your new city.
High Favor Insurance can Answer your Insurance Questions.
High Favor Insurance of Birmingham, MI, is here to answer your questions about renters insurance if you become a candidate to rent. Contact us for your free price quote today.
