Why Every Utah Tenant Needs Renters Insurance
When moving into a new property, Utah tenants will usually focus on the small details like where to position the couch and television or where to hang the pictures. The last thing that the renter wants to think about is something potentially going wrong with his/her new home. The reality is, considering this possibility is very prudent and needs to be recognized by more Utah renters. So how should a renter protect himself/herself from these situations? Renters insurance is an affordable option that offers this type of protection.
What is Renters insurance?
Renters insurance is a policy that will protect tenants from a variety of issues that can arise while occupying a Utah rental property. This protection includes losses as result of:
- Fire Damage
- Smoke Damage
- Water Damage
- Wind Damage
How much does Renters Insurance cost and what do I get for my money?
Renters insurance can cost as little as $10-20 per month and can cover tens of thousands of dollars in personal belongs and several hundred thousand dollars in liability. Even if a renter doesn’t believe that his/her belongings are very valuable, he/she may be surprised to learn how quickly televisions, DVDs, clothing, and kitchen appliances add up.
What do I need to do to protect myself?
After moving into the new property, the tenant should take an inventory of all his/her personal items. The renter should determine a realistic value for each item in order to ensure proper personal property coverage. It is also recommended to take photographs of each room, in addition to saving all receipts of large purchases while living at the property. This documentation should be kept safe at all times (it is even recommended to store in a fireproof box), in the event the renter needs to make a claim.
Renters insurance is often one of the most overlooked types of insurance, but it can end up being one of the most valuable that is held. Purchasing a policy can not only protect a tenant’s possessions, but can also provide a piece of mind that it is difficult to put a price tag on.