While it is generally a no-brainer to get home insurance in CT, renters insurance represents a gray area. Many people choose to go without it, yet it is in fact one of the most important investments you can make. Not only is renters insurance able to cover your personal possessions in the case of an accident, it can also be invaluable in the event that the space you rent is damaged or lost. Here are some important things you should know about renters insurance.
One of the reasons that renters insurance is so important is that most policies landlords have only cover damage to things that are not owned by you, the renter. This means that while the walls, roof, appliances and more is covered by them, your possessions and everything that fills the space is at risk. In the event of a fire or other catastrophe, going without renters insurance means that you could lose all of your possessions without reimbursement. However renters insurance can cover more than your possessions, it can also include coverage for living expenses for hotels and food if you are forced out of the space due to a hazard. Be sure to discuss details with your insurance company so that you can have peace of mind in the space that your are renting.