If you rent an apparent or house, renters insurance is what you need. The purpose of this insurance is to protect tenants and their personal belongings from water damage, fire, and theft. Many tenants decide to save some money and not to buy renters insurance. However, it might be a risk that is not worth taking. Here is a list of risks that tenants may face if they decide not to purchase renters insurance:

Risks of Not Having Renters Insurance

Here is a list of reasons why skipping renters insurance is not a good idea:

• If your possessions are damaged or stolen, they will not be reimbursed. For example, if there was a fire in your home that damaged or destroyed your personal belongings, you will have to pay for repairs and replacement out of your pocket. 
• You can get evicted without renters insurance. It is stated in some leases that renters insurance is a requirement. Thus, if you signed a lease and agreed to maintain renters insurance coverage, you are risking getting evicted by your landlord. 
• If your apartment or house is damaged, you will not have a place to live. If the place you live gets seriously damaged and becomes uninhabitable, you will need temporary housing. Usually, it is paid by insurance, but if you do not have renters insurance, you will have to pay for housing itself.

Patrick McNealis Insurance and Financial Group serving Emmaus, PA – We Are Ready To Assist You In Any Capacity 

If you are renting a home in Emmaus, PA or any other surrounding area, you need to carry renters insurance to protect your personal belongings and yourself. Patrick McNealis Insurance and Financial Group provide their clients with all types of insurance services, including renters insurance. We treat our clients with the respect they deserve and always help them find perfect insurance policies addressing their needs. Visit our website or give us a call if you have any questions.