All responsible tenants in Palm Beach know that renters insurance is a necessity to protect themselves and their valuables. Here are three major benefits of having renters insurance in Palm Beach.
1. Theft Coverage
If someone breaks into your apartment and steals your belongings, your insurance covers the cost of replacing your personal effects. Insurance may also cover related apartment damage such as broken windows and damaged doors.
2. Electrical Fires
Electrical fires are commonly caused by short circuits and can damage the apartment along with your personal property. Fortunately, the apartment and your belongings are covered under your renters insurance. If the fire spreads to neighboring units, your insurance covers the damage to your neighbors’ property as well. However, fires due to recklessness or arson are generally not included.
3. Medical Treatment
If a guest falls down the stairs or slips in the bathtub, your renters insurance can protect you from liability and cover any medical treatment and subsequent legal repercussions. Your landlord may be held responsible for injuries that occur outside of your apartment, but you may need to share the liability to some extent.
If you’re looking for renters insurance in Palm Beach, call your local provider to inquire about rates and coverage options. Your provider can help you choose a plan that’s right for your budget and needs.