Renters Insurance

What are the things you consider when looking for a home to rent in South Carolina? You probably consider the proximity to essential services, parking spaces, and accessories like Wi-Fi. While these considerations are crucial, most tenants don't think about renters’ insurance. One of the reasons for low uptake is that most tenants think the landlord insurance covers them. While the landlord has insurance, this only covers the rented building. For your assets and liabilities inside the dwelling, that's your headache. For this reason, you must consider renters insurance from D4Insurance to protect what matters most to you.

Is renters’ insurance mandatory?

No law in South Carolina requires you to purchase renters’ insurance. However, some property owners may require you to purchase renters’ insurance before renting out their property. But whether renters’ insurance is compulsory or not, it's an investment you must consider if you are a renter.

Renters insurance coverages

What does renters’ insurance cover? This coverage protects you in the areas below:

• Assets protection: Have you ever imagined what would happen if a disaster caused you to lose your assets? It would be difficult to start from scratch, right? It has taken time and resources to amass your assets, so it makes sense to invest in renters’ insurance. Renters insurance compensates you when a risk listed in your policy causes damage or loss to your assets.
• Liability protection: If you are accused of property damage or bodily injury, the liability claims can be taxing if you don't have renters’ insurance. Luckily, renters’ insurance covers medical costs, property damage, and even legal costs when sued.
• Loss of use: When a peril listed in your policy makes your dwelling unlivable, you don't have to make frantic calls to your relatives and friends to seek temporary shelter. Renters' insurance can cover additional living expenses (like hotel food, accommodation, and laundry) until your home becomes livable again.

Ready to get started with renters’ insurance? Please get in touch with D4Insurance for affordable coverage. We serve many locations in South Carolina.