Think about everything you own for a moment. From your television to your toothbrush, would you be able to afford to replace these items on your own in the event of a catastrophic loss? If the answer is no, then you should consider investing in a renter’s insurance policy from Weer Insurance Group.
What is Renter’s Insurance?
Renter’s insurance is a type of coverage that helps protect your personal belongings if you rent a home or apartment. It is comparable to homeowner’s insurance, but it does not cover damage to the actual building or structure.
But that isn’t where the benefit of renter’s insurance ends. In some cases, it might pay for a temporary place to live while your home is under repair after a specific loss. It also generally includes liability coverage to help protect you from a lawsuit if a guest is injured while visiting.
Does State Law Require Renter’s Insurance?
Illinois law does not require renter’s insurance. However, your landlord or property management company might require you to have coverage as part of the terms of your lease. In most cases, having a policy even if you aren’t forced to have it is still a good idea. Fires, theft, and other scenarios happen to renters every day, and it only makes good sense to be protected.
Possible Discounts Available
In some cases, having renter’s insurance is an excellent way to save money. Certain policyholders could qualify for discounts on their auto insurance based on having renter’s insurance. While certain conditions do apply, the added value of having two policies for almost the price of one is usually a benefit enough for most people to consider purchasing this type of coverage.
Finding renter’s insurance in Illinois doesn’t have to be complicated. Our team at Weer Insurance Group is here to help with all of your personal insurance needs. Please contact us today to schedule a no-obligation coverage review.