As most university graduates, they feel the only thing they have accumulated a lot of debt. This, and the labor markets and sluggish housing (the Great Recession at the end, did not it?), A prompted many college graduates to shy away from buying a home right away, opting to rent instead.
According to an analysis USA Today of Census Bureau data from 06 to 2011, 25 to 34 years had the highest large decline in property compared to any other age group. Can you blame these young adults to be wary of jumping into a big mortgage payment? Buying a home is one of the most important decisions and investments most people will make in their life. But just because you choose to rent your home rather than buying does not mean that you do not need insurance!
Why you might ask? Well for starters Did you know that your homeowners insurance policy generally covers the building where you live, not your belongings? Although you may not feel like you have a lot of valuables, property of most people are worth more than they think. How much would it cost if you had to replace all your belongings at some point? Broke No matter how you may be, it is likely that you have clothes, electronics and furniture.
Did you also know that your homeowners insurance policy does not cover your personal liability if someone is injured or property of another person is damaged while in your home? You may be liable for injuries or damage, and tenants without insurance coverage, you'll pay for them out of your own pocket.
What if your rental has become unlivable due to fire or other disaster? Where would you live and how do you pay for it? Most renters policies provide additional living expenses to cover situations like this.
What if you are still in college, but renting a place to live? You may mistakenly believe that your personal assets are covered by the policy of the owner of your parent. However, if your home is your permanent address, there is generally no coverage under the policy of the owners of your parent.
Many scenarios, but fortunately a solution! And the best thing about the renters insurance? It is very affordable, even for those of you who do not think you can take another expense. Talk to an independent insurance agent today about how you can benefit from a tenants policy!
0 Komentar