According to the most recent statistics, about 90% of all American homeowners carry homeowners insurance. Sure, that might sound like a good number, but only about half of homeowners purchase enough homeowners insurance to cover anything but minimal losses.
Since most of us store the majority of our possession within the homes and apartment in which we reside, it is crucial that we buy renters insurance or homeowner insurance to protect us from loss due to fire, theft, or other types of unintentional loss or damage. Although certain sentimental items like photos or collectors items are irreplaceable, finding affordable homeowner insurance quotes can at least help us recoup the costs of items that can be replaced.
As evinced by the opening statistics, most homeowners are wise enough to know that having at least some homeowners insurance is a necessity, a lot of renters fail to see rental property insurance in the same light. Perhaps this is because they do not own the dwellings in which they reside, but what are they to do in the event that the house they’re renting burns down, and they lose all of their possessions except the clothes on their backs?
Well, the first thing they will need to do is find a new place to live. But since they lost all of their home furnishings, clothing, and kitchen items in the fire, unless they have thousands of dollars saved, they will have no choice but to sleep on the floor.
While this is an exaggeration, it does give you an idea why a looking into a renters insurance policy can be just as important as searching for affordable homeowner insurance quotes. After all, just because renters don’t own the homes in which they live does not mean that they do not risk considerable loss if a house fire were to occur. References.
