What is Renters Insurance?

Whether you rent an apartment or a house in Ohio, you should have a renter’s insurance policy. As an Ohio renter, you should carry a renter’s insurance policy to cover your personal property and your personal liability. Even if your landlord has a type of business liability insurance policy in Lancaster, this still doesn’t cover you as a renter.

Sure, their home or property insurance may cover damage due to fire, weather-related events, pipe leaks, among others, but in the event of a theft, your landlord is not responsible for any stolen personal belongings. This is where Ohio renter’s insurance can help.

Affordable Renters Insurance in Lancaster, Ohio

Renters’ insurance, often called tenants’ insurance, rates can be as low as $10 a month. At Bill Palmer Insurance Agency in Lancaster, Ohio, we offer cheap and affordable renters insurance rates in Lancaster, Ohio.

After submitting your basic information, our agency will contact you to discuss which rental insurance options work best for your personal property and your budget. We can also talk about bundle insurance options to help you save even more money.

Should I Purchase Renter’s Insurance?

If you’re on the fence about purchasing renter’s insurance, we’re here to assure you that its affordability each month really makes up for the coverage. Renters’ insurance protects against losses to the tenant’s personal property. This means that it will provide you with liability coverage as a tenant, and it does not insure the actual dwelling.

The type of insurance needed for the actual dwelling (or property) is a homeowners’ policy. The landowner, not the tenants, pays for this policy. So, it is significantly less expensive to get a renter’s insurance policy than a homeowners’ policy.

As mentioned, Renter’s Insurance can start as low as $10 a month, and it will cover all of your personal belongings in case of a fire or theft.

Did you know that Ohio is a relatively affordable state to live in?

According to Rent Data, the Fair Market Rent in Ohio ranges from $734 for a 2-bedroom apartment in Adams County, Ohio, to $1,081 for a 2-bedroom unit in Union County, Ohio. Cheap rent means more money for entertainment, leisure, and other activities, and this could mean taking more trips out of town, purchasing handbags, or splurging on new video games each month.

The point is, when you have more financial freedom to spend money on things you like, you want to make sure you’re protecting these items in your home. If someone were to come into your apartment and rob your belongings, how much money would it take to make up for it? This is why you should get renter’s insurance.

When you switch over to Bill Palmer Insurance for your car insurance plus tenants’ insurance, you can save even more annually. You can meet our experienced staff today for affordable renters insurance in Lancaster, Ohio. You may also contact us by phone for a free quote at 740-687-5733.

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