Approximately 34% of Americans rent housing*, which can offer increased flexibility and ease the responsibilities usually associated with ownership. However, one thing renters should have in common with their home-owning friends is a good insurance policy.

Even if you rent a space to live, it is important to have a renter’s insurance policy to protect your personal property, as well as help you with temporary housing and liability protection in the event someone is injured on your property or if you are sued by someone you unintentionally injured.

Many renters assume that their landlords’ insurance policies will cover them in the event of a loss. Unfortunately for the renter, the landlord’s policy only covers the physical structure of the rental property — not the renter’s personal possessions. You, alone, are responsible for protecting your assets, so make sure you have proper coverage.

Renters insurance is very affordable, especially considering the financial protection it offers. Whether you rent an apartment, condominium, home or other dwelling, this coverage is very valuable in the event you have a loss. Our experienced insurance professionals can help answer your questions about renter’s insurance.

*According to the National Multi Housing Council, 2011.