Carrying renters insurance at all times is so important. Many people make up excuses as to why they don't need renters insurance, but they are only lying to themselves, and if something were to happen to a house that they are living in that is not their own, they would be in trouble. Here are some things that you need to know about renters insurance.

Do I Need Renters Insurance If I Am Living With Family?

Assume that you are living in your parent's basement while you are in between houses. Perhaps you are building a house so you are staying with parents, or you are getting ready for a big move and sold your home early, or a myriad of other reasons. Regardless of why you are staying with family, you need to make sure that you are insured. Their insurance policy will only protect themselves. So if something were to happen to the house, like it is vandalized, or it burns down, you would have no restitution for your damaged or stolen items. Just because you are living with them doesn't necessarily mean that you are included in their insurance policy. This is why you should keep your insurance policy while renting, living with family, or even living somewhere temporarily, like an extended stay motel.

Do People Get Sued While They Are Renting?

Just because you are renting doesn't mean that you won't be sued. Many people have been sued while renting property, which is another reason why carrying renters liability insurance is so important. For example, if you are renting a property and someone slips and falls on the property it might not be the owner of the property that is responsible. If you were responsible for shoveling the driveway, keeping the floors clear of debris or so forth, you could be the one that has to pay out. Thus, your renter's insurance will protect you and your wallet if you are sued.

Does Renters Insurance Only Cover Your Belongings?

Renters insurance does so much more than just covering your belongings. In fact, you can get coverage when you move your items, so if your moving truck is vandalized or damaged, you might be able to access your renter's policy. Additionally, if the house you are living in is uninhabitable, like it needs to be treated for mold, your renter's insurance can help you pay for temporary housing.

As you can renters insurance is so important and shouldn't be passed on. For more information on choosing the right renter's insurance for you, check out companies like Mid-Alliance Insurance Associates LLC