Protecting Your Home’s Assets
Renter’s insurance is often overlooked when in reality having this type of insurance can help you protect your assets should anything happen and at very low premiums. Most policies also come with a coverage called “loss of use” which means should a loss occur, for example your building burns down, you will be provided with money to make sure you and your family is not homeless while they repair your apartment.
If you’re renting a home do not make the mistake of assuming your landlord’s home insurance will cover you and your assets. A landlord’s policy covers only the physical structure of the rental property not your belongings. If the person who owns the building has Virginia rental property insurance they will be protected from costs to them should something happen to the building, but they are not responsible for insuring your belongings. Renter’s insurance is extremely affordable and no renter should be without it.