At Gateway Property & Casualty in Dover, NH, we understand the importance of obtaining renters insurance to protect your belongings from damage or loss in unfortunate situations such as a fire, burglary, or other covered perils.

Renters insurance also protects you from liability if someone is injured at your rental residence, saving you thousands in medical expenses.

Many consumers mistakenly think that a landlord’s insurance policy will cover their belongings after an incident. However, a landlord’s insurance policy typically only covers the building’s structure, not the renter’s contents.

Here are more reasons why every renter should have renters insurance:

It’s Affordable coverage.

In the U.S., the cost of renters insurance coverage is often equivalent to one trip for two to McDonald’s. This is a minimal cost compared to replacing a household’s furniture and appliances out of pocket after a loss.

Renter’s policies are not one-size-fits-all. The cost varies depending on your location and the amount of coverage you deem necessary to protect your belongings.

Peace of mind if starting over.

After a covered loss, like a fire, for instance, replacing smartphones, tablets, laptops, TVs, mattresses, sectionals, chairs, gaming systems, washers, dryers, and the thousands of dollars of clothes hanging in your closet can be extremely costly.

Additional living expenses.

Most renters insurance policies provide additional living expense coverage if your rental apartment or home is unhabitable while it is being repaired. This means you can receive money for expenses beyond your everyday monthly living expenses if you find yourself temporarily without a home. For instance, if you pay $800 a month for rent but can’t live in your apartment while it’s being repaired, your renter’s insurance covers additional living expenses like hotel and meal costs.

Don’t go another day without coverage.

Unfortunate events can occur suddenly, so don’t risk another day without protecting your belongings and finances. Call Gateway Property & Casualty in Dover, NH today at (603) 294-1902.

If you’re a resident in Dover, NH or the surrounding area, you can count on Gateway Property & Casualty for all of your insurance needs. We’ll help you find the appropriate policy to protect your belongings while you’re living in a rental property. Don’t forget to put this important item on your moving to-do list!

Why Renter’s Insurance Is So Important

Many people mistakenly believe that renter’s insurance isn’t necessary because their belongings will be protected by their landlord’s policy. This, unfortunately, is not the case. While the owner’s property will cover the building you’re living in, the belongings in your unit won’t be. This means that you need to have a separate renter’s policy in your name to protect your personal possessions.

Your policy will provide you with the protection you need if a covered event should occur. Depending on the type of policy that you choose, you could have coverage for alternative housing if your unit is deemed uninhabitable due to a covered event. There are many different levels of protection available, making it possible for people with limited budgets to find a policy. Your local insurance agent can help you determine how much coverage you need and what type of protection is appropriate for your needs. Don’t make the mistake of going without renter’s insurance!

Call or stop by our office today!

The team here at Gateway Property & Casualty is proud to serve the insurance needs of the greater Dover, NH community. We’ll review the available renters’ policies that are currently available in our area to allow you to make an informed decision. Give us a call or stop by our office today to learn more about how we can help you with all of your insurance needs.