Renters insurance in Abbotsford Victoria BC can be a good addition to your arsenal as a renter. There are many benefits to having your own renters insurance in Abbotsford. However, many renters choose to not have it because of a couple of misconceptions such as the following:

Misconception #1: I don’t need renters insurance because my landlord already has insurance

Your landlord’s home insurance will only cover the structure. The contents will not be included. So, if someone breaks into your apartment and ends up stealing your valuables, you have to pay for them out-of-pocket.
So keep in mind that your landlord’s insurance does not extend to your own belongings. Additionally, if someone gets hurt in the apartment, the home insurance of your landlord will also not cover the costs of damage. You have to pay for the expenses of that person, especially if the injury was because of negligence.

Misconception #2: Renters insurance is expensive

It’s actually a lot more affordable than many people think. You can also choose the coverage that you need to lower the costs. If you prefer less coverage because you don’t have a lot of valuable stuff, that can be considered.

It’s a good idea to check your different options out there so you can compare the costs. Don’t hesitate to talk to an insurer about your preferences so they can find you the best products that are more suitable for your budget.

Misconception #3: Renters insurance only covers my possessions inside the house

There are a lot of benefits to having renters insurance in Abbotsford Victoria BC and one of them is coverage for your things in your car. In case someone breaks into your car and steals your stuff, you can have it covered by your insurance policy.

It also provides coverage for your travel possessions. If they get lost in the airport, you can be compensated through your renters insurance. So it actually has a lot of uses.

Misconception #4: All renters insurance is the same

There are many different products out there. It is up to you to go over your choices and see which ones have the best coverage.

When you feel overwhelmed with the choices that you have, you can always get the help of insurance brokers such as AMC Insurance. Your insurance broker will help you in finding the right insurance providers with the products that suit your budget and your needs.

For more details about Umbrella Insurance please visit our website: amcinsurance.ca