If you’re looking to rent an apartment in the Chicagoland area, you may be dreaming about the exciting and opportunity-filled lifestyle you will be living in one of America’s largest and most vibrant cities. However, as you’ve surely learned throughout the apartment-searching process, sometimes it’s important to set aside the daydreams and focus on the details—and that’s what renter’s insurance is all about. For the price of a small pizza, you could protect yourself against all those potential mishaps that no one ever thinks to imagine when they are dreaming about their new apartment. Here are 3 important reasons why renter’s insurance is worth investing in.
- Your belongings are worth more than you think. The number one reason why many people forego renter’s insurance is that they sorely underestimate the value of their belongings. Unfortunately, these renters often realize too late the cost of replacing everything they own. Not only will appliances, furniture and other “big ticket” items add up to thousands of dollars in replacement costs should they be damaged, it is often the sum of dozens of small personal items (from clothes, to dishes, to electronics, etc.) that does the real economic damage.
- Renter’s insurance covers more than just you and your belongings. Even if you have relatively few items and feel confident “risking it” without renter’s insurance, you should consider the fact that renter’s insurance covers more than you might have imagined. For example, should you be held liable for flooding, fire, or some other mishap, renter’s insurance will help cover the damages, medical bills, and other expenses of such an occurrence—possibly saving you thousands in unanticipated expenses.
- Renter’s insurance is affordable! Unlike other types of insurance, renter’s insurance won’t break the bank. In fact, a plan with Realty & Mortgage’s partner Bader Company can costs as little as $10 a month.
Looking to learn more about the ins and outs of renting an apartment in Chicago?
Simply visit Realty & Mortgage Co. online for news, pricing, and more! With over 100 years of experience here in Chicago, Realty & Mortgage is a name you can trust!