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
    • On the 17th Anniversary of ALE Solutions we wanted to
      24 hours ago by alesolutions On the 17th Anniversary of ALE Solutions, we wanted to share Rowena Zimmers, Founder, story that through hard work, passion, commitment and DREAMING BIG, one can achieve the “American Dream”. Listen to her story where she was honored the “Inspiration Award” at the Women’s Initiative Luncheon.
    • Praying for the innocent lives lost their families and the
      1 week ago by alesolutions Praying for the innocent lives lost, their families and the Parkland, Florida community.
    • Visit ALE at the Northern Illinois University Spring Internship and
      4 days ago by alesolutions Visit ALE at the Northern Illinois University Spring Internship and Job Fair, Tuesday, February 20th! Explore our current openings:
    • The best way to predict the future is to create
      5 days ago by alesolutions “The best way to predict the future is to create it.” – Abraham Lincoln  #PresidentsDay   #AbrahamLincoln   #Quote 
    • Visit ALE at morainevalley Community College Career Fest on Friday
      1 week ago by alesolutions Visit ALE at  @morainevalley  Community College Career Fest on Friday, February 16th from 10am-3pm. See you there! Explore our current openings:
Get fresh, free content delivered monthly »
About Us  |  Contact Us  |  Legal / Privacy  |  Sitemap