Why Renter’s Insurance Is Worth Purchasing

By June 26, 2017 September 15th, 2017 Personal Insurance

Whether you’ve grown up in the Steel City and are ready to find a place of your own, or you’ve landed your dream job here and are coming as a first-timer, there are plenty of rental options to suit your specific needs. Once you’ve found a house, condo, or apartment to call ‘home,’ finding renter’s insurance in Pittsburgh is an absolute must, as it provides protection against theft, fire, and more.

We know what you’re thinking: Is renter’s insurance absolutely necessary? We get it – with rent, utilities, a car payment, and student loans, the last thing you need is another monthly bill. However, you may be surprised to find out that it’s not expensive and can provide coverage to replace your most prized possessions should disaster strike. Here are three reasons why you should purchase renter’s insurance in Pittsburgh to cover your needs:

1.) The monthly cost is equivalent to a week’s worth of coffee.

If you can afford to get a regular coffee at your local java hot spot Monday through Friday, then you can definitely afford renter’s insurance, as it usually averages to about one week’s worth of coffee. The average renter’s insurance policy is roughly $200 per year, which is about $16 per month. With monthly rates that low, it’s a no-brainer!

2.) It covers loss of personal property.

If you add up the total value of all of your belongings, it most likely costs more than you think. Once you tally the grand total for your furniture, clothing, jewelry, computers, electronics (t.v., sound system, speakers), appliances (washer, dryer, microwave), and so on, it usually adds up to about $20,000 worth of personal property.

It’s not fun to think about, but what if someone broke into your apartment and stole all of these items? Or what if a fire caused your apartment to burn to the ground? As upsetting as that would be, you would have peace of mind in knowing that all of it would be replaced by your renter’s insurance so that you wouldn’t have to shell out $20,000 to replace all of your belongings.

3.) It protects against more disasters than you probably realize.

It’s not often that you sit and think about what would happen if a vehicle drove into your living room or if heavy snowfall caused your roof to collapse (and understandably so). However, in the unfortunate case that does happen, you’ll be thankful that you planned for such unlikely events.

An average renter’s insurance policy covers damage caused by:

  • Water or Steam that came from Plumbing, Heating, Air Conditioning, Household Appliances, or Fire-Protective Sprinkler Systems
  • Smoke, Fire, or Lightening
  • Explosions, Vehicles, or Aircrafts
  • Theft, Vandalism, or Rioting
  • Weight of Ice, Snow, or Sleet
  • Windstorm, Hail, or Falling Objects

If you’re looking for renter’s insurance in Pittsburgh, we’re here to help. We offer plans for every budget so that you can receive coverage that will not only replace your belongings when disaster strikes, but will also deliver peace of mind when you need it the most.

Ready to purchase a policy or still have more questions about the benefits of renter’s insurance? Give us a call at (412) 261-3640 or fill out our ‘Contact Us’ form Here. We are happy to walk you through the process and provide a free quote!