Reasons Why You Need Tenant Insurance - PowerPoint PPT Presentation

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Reasons Why You Need Tenant Insurance

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Many tenants are under the impression that if something happens to their rental home; their landlord’s insurance will cover it. However, your landlord’s insurance only covers damages to the structure. Here are a few reasons you really do need tenant insurance. – PowerPoint PPT presentation

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Title: Reasons Why You Need Tenant Insurance


1
Reasons Why You Need Tenant Insurance
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Although it seems like an unnecessary added
expense
Here are 10 reasons you really do need tenant
insurance
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YOU COULD BE LIABLE FOR DAMAGES
Tenants have a responsibility to their landlords
to protect the property they are renting from
damages while they live there
You might have left a deposit to landlord, but
there is no guarantee the damages you cause are
covered
If you do cause damages you could be on the hook
to pay for those damages.
If you didnt leave a deposit, the cost gets even
higher
6
It Covers Your Personal Property
There are a lot of scenarios that can put your
belongings at risk including
Power Surges
Water Damage
Fire and Smoke
Vandalism
Theft
All of these issues are covered by most tenant
insurance policies
7
Shelter Following Fire or Flood
If you have a loss of use and need to find
temporary shelter
Your tenants insurance will cover your living
expenses
Including a safe hotel, food, and other related
expenses.
8
Peace of Mind
Tenant insurance provides you with peace of
mind Whether you are faced with a fire, a
break-in or damage from a storm, youll know that
your belongings are protected You will also
have somewhere to live thanks to the additional
living expenses provided when you are temporarily
removed from your home due to a disaster.
9
Thank You!!
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