Renters insurance will protect the following:
Your place & your guests from an accident.
Hotel expenses in case of damage repair.
The insurance policy purchased by your landlord will only protect the property and not all your belongings acquired with hard work. A renters insurance policy can cover it all from clothes,furniture to electronics and more. You can be reimbursed for what they cost to buy new, not their depreciated value. Isn’t that awesome!
People who are hurt in an accident being at your residence will get the care they need; damage caused is repaired. You will only pay a portion of the repair and medical bills, your renters insurance policy will take care of the rest.
Spend a few nights in a local hotel if you can’t stay home while covered damage is repaired.
You’re reimbursed for your stay and any meals.