Toll Free (866) 885-9785

The Importance of Home & Renters Insurance

Some people overlook the importance of obtaining homeowners or renters insurance because they are not aware of exactly how critical it is to have this type of protection. The reality is that a basic homeowners or renters insurance policy is relatively inexpensive, and it can help you deal with a long list of issues ranging from a burglary to a natural disaster. In fact, the cost of a policy is quickly outweighed by the potentially catastrophic losses that can be avoided by having a current policy in place.

The Benefits of Homeowners and Renters Insurance

What Are the Benefits of Renters Insurance?

Whether you are renting a home or an apartment, you need to be aware that your landlord’s insurance does not cover any of your personal belongings. In other words, if something happens that destroys your possessions, you will need renters insurance to help you replace everything without dealing with a lot of out-of-pocket expenses. Additionally, you can be held personally liable if someone gets injured while visiting you. However, the liability coverage portion of your policy can be used to pay for at least part of the applicable medical bills and legal expenses. It is also important to note that renters insurance provides you with some protection if you accidentally start a fire or flood that causes extensive damage to the property.

What Are the Benefits of Homeowners Insurance?

Homeowners insurance will provide you with all of the same basic benefits that were listed above for a renters insurance policy, but it also extends to the house itself. What this means is that if a fire burns your home to the ground, you can use your homeowners insurance to help you replace your belongings and to rebuild the house. A good policy can also provide coverage for issues such as spoiled food from a power outage.

Other Important Things to Note

Both policy types will typically give you basic living expenses if your home or apartment becomes uninhabitable for a brief period. These expenses could include temporary housing options and food while you wait for your home to become habitable again. You will also have coverage if a thief steals anything from you, regardless of whether the stolen item was located in your home, car or storage.

As you can see, even a basic policy is a wise investment for homeowners and renters. With all of the things that could potentially go wrong on a daily basis, it simply makes good sense to protect yourself from incurring large expenses due to damaged belongings, personal liability or theft.

Be sure to review our related posts:

Photo credits: ©, Pixsooz, epantha, kzenon



Leave a Reply

Your email address will not be published.

  • MyALE

    Claims Portal

    • Personalize a dashboard
    • Manage in real-time
    • Access on all devices
    • Request or extend temporary housing with one click

    Learn More

  • Join Our Facebook Fan Page Check Us Out On Instagram Follow Us On Google+ Follow Us On LinkedIn Follow Us On Twitter View Our YouTube

  • Weather Safety

  • Instagram
    • Happy Easter from all of us at ALE Solutions! Easter2018
      2 months ago by alesolutions Happy Easter from all of us at ALE Solutions!  #Easter2018   #Easter   #HappyEaster   #EasterWeekend   #Faith   #GoodFriday 
    • Happy Saint Patricks Day!
      2 months ago by alesolutions Happy ‪Saint Patrick’s Day!
    • Happy first day of Spring! With care and safety in
      2 months ago by alesolutions Happy first day of  #Spring ! With care and safety in mind, we have put together a Spring Cleaning Checklist to make seasonal home maintenance efficient, fast and easy. Read about this and more on the ALE blog, Discover!
    • Starting ALE Solutions from the basement of her home Founder
      1 month ago by alesolutions Starting ALE Solutions from the basement of her home, Founder & President, Rowena Zimmers, turned her American dream into a reality!
    • If you are a POLICYHOLDER affected by the TinderFire in
      3 weeks ago by alesolutions If you are a POLICYHOLDER affected by the  #TinderFire  in Blue Ridge, AZ and NEED TEMPORARY HOUSING ASSISTANCE, please contact our Catastrophe Call Center at (866) 885-9785.
Get fresh, free content delivered monthly »
About Us  |  Contact Us  |  Legal / Privacy  |  Sitemap