If you live in a rental unit in Sioux Falls, SD, you should understand how important it is to invest in renters insurance. At Wilcoxon Insurance Inc., we provide renters insurance to tenants in South Dakota.
The following are four ways that renters insurance can protect you financially:
Compensating renters for losses caused by theft
You should consider the value of the possessions you keep in your rental unit when deciding whether to buy renters insurance. It’s pretty likely that the possessions in your rental are some of your most valuable assets.
With a renters insurance policy, you can easily protect the value of your possessions so that you don’t experience extreme financial loss if your rental unit is burglarized.
Paying for medical expenses
Tenants should realize that they could be responsible for medical bills resulting from accidents in their rental unit. With renters insurance, tenants don’t have to pay for these expenses out of pocket.
Giving renters temporary lodgings
A natural disaster can make it so that a rental home is no longer safe to live in. In such a situation, renters insurance can cover the costs of temporary lodging for the policyholder. This can significantly reduce the stress and expense of dealing with a natural disaster.
Covering the costs of legal representation
Renters can face exorbitant legal expenses if they are sued for an accident in their rented home. Renters insurance covers the costs of legal representation in these situations.
Reach Out To Us
You can get a quote on a renters insurance policy by contacting us at Wilcoxon Insurance Inc. Get in touch with us to get the insurance coverage you need for your rental unit in Sioux Falls, SD.
