When you have renter’s insurance, it comes with a variety of coverage types. It includes protection for your belongings inside your home, for instance. However, it also comes with liability insurance. So, why do you need that in your renter’s policy? If you don’t have renter’s insurance yet, we can help. Contact us at Insurance Source Solutions in Oklahoma.
Understanding Liability in a Rented Home
There are many things that the landlord has to insure, including the structure of the rented home. However, obtaining liability insurance is up to you as the renter. As the person on the lease, you’re responsible for all that goes on there, and this includes any accidents. If someone from outside the household comes into your home and gets injured there, you need to have this coverage in place. Even a small accident can end up costing a lot in medical bills, and those aren’t the only expenses you may owe. An accident may require a lot of ongoing therapies and cost the victim lost wages. All of these costs would be up to you without this liability coverage.
Protecting Yourself with Liability Coverage
Liability coverage in renter’s insurance does more than just pay bills—it saves you from financial devastation. The cost of an accident can be extreme, and there don’t have to be serious injuries for it to cost a lot. Medical bills keep climbing, and so do every other type of bill. If you don’t have this protection in place, you leave yourself open and vulnerable to serious financial problems after an accident.
Secure Your Renter’s Insurance
When you need renter’s insurance, we’re here to help. Call Insurance Source Solutions in Oklahoma to get started on the policy you need to stay protected.
