Renters Insurance in Pennsylvania
Whether you rent in Emmaus, PA, Bethlehem, PA, or Nazareth, PA, renter's insurance is a good idea for a variety of reasons.
While your landlord probably has an insurance policy on the house or apartment in which you live, that policy is for the structure and only the structure. So if there is a tornado and the roof is damaged, the landlord's policy will pay for the replacement of the roof and any other damages to the house or apartment. The problem with this is that your furniture and possessions could also be damaged by that same storm and the policy will not cover the replacement of your stuff. Even if you are renting, it is quite likely that you have amassed property that represents a sizable investment. Furniture, clothing, and electronics can cost hundreds, if not thousands of dollars to replace. If you are counting on your landlord's insurance policy to replace your items if there is a problem at the apartment, you will be disappointed.
Storms are not the only way for you to experience a loss in your rental property. If your place is broken into and your items are vandalized or stolen, without a renters' insurance policy, you could be on the hook for the replacement costs of many of your possessions. Additionally, a fire could leave you homeless, without any personal possessions whatsoever.
Renters insurance can help you replace the items that you might lose if your rental unit is damaged by a storm, by fire, or by a burglary. Additionally, depending on the policy, a renters' insurance policy may also help you replace items that are lost when you're away from home like if your tablet is stolen at a coffee shop or your luggage is lost during travel.
Often, renters' insurance policies are relatively inexpensive, and can usually be bundled with your auto insurance for a significant savings. Of course, all of these possibilities can vary widely depending on your situation. That's why it's important to get the advice of a professional insurance advisor. While your landlord may or may not force you to purchase renter’s insurance, you may want to contact us here at Patrick McNealis Insurance and Financial Group. We will be glad to discuss your insurance options with you in the Emmaus, Pennsylvania area.