We love o be safe and to be secured. That peace of mind can be obtained by knowing that we are protected and purchasing insurance can do this. One of the insurances that can be purchased is the Home Insurance. The home insurance can be divided into two types and they are the Building Insurance and the Building Content Insurance. Building insurance will only cover the main structure of the building and the built-in features of the building itself. This includes the wall, floor, roof or the kitchen cabinets and the bathroom suites. Where else the building content insurance will insure the possessions inside the building and in the compound of the house like in the garage or the lawn.
If you are renting a house, do bear in mind that the landlords do not cover your personal belongings. The content insurance that the landlords purchased will only protect their own possessions if the house that you are renting is furnished or comes with some garden features. Therefore, it is advisable to purchase renters insurance in order to cover your own goods. Normally, the renter insurance is not so expensive to compare with the homeowner’s insurance. Most renters insurance will cover the personal liability in the house that you are renting. This liability is needed if you are sued for any injuries occurred in that building that was caused to others.
One of the best things about purchasing this insurance is that if any case the house became unlivable due to fire or burst pipes, renters insurance will cover the expenses that you need to pay if you are staying in a hotel for the mean time. This is called additional living expenses and most of the renters insurance does cover this.
What you need to do is to locate the insurance companies that offers renters insurance. This can be done online by looking for the ways on how to purchase renters insurance yourself. Prepare an inventory list of how much does your belongings cost and valued it honestly so that the insurer will offer you the amount of insurance needed. This estimation is necessary so that you will not be paying more for over insured. The premium rates also differ depending on the location of the house that you are renting and also the crime rate at the area.