Renters insurance covers the possessions within a rental home or storage unit. It is officially known as personal property insurance Traditional homeowners insurance covers a home and the homeowner's possessions from damage or destruction, and it protects the homeowner from liability.
Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

Why You Need Military Needs Renters Insurance

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Life in the military is full of challenges most civilians never consider: risk of injury in the line of duty, repeated deployments, and worldwide moves at moment's notice are all commonplace.

One of the most difficult aspects of military life is learning to adapt to an unusually unpredictable lifestyle.

One effective way to prepare is to make sure your life, health, and belongings are protected against loss. While the military offers life and health insurance, it does not insure your possessions against damage, destruction, and theft.

Many military personnel believe themselves to be adequately insured by their automobile insurance policy or their landlord's homeowner's policy. Look at your auto policy or talk to your insurance company about specifically what is covered, to what extent, and in what circumstances. Also inquire as to whether your possessions are insured by your landlord's homeowner's policy

Once you do, you may find that you need renters insurance.

WHAT IS RENTERS INSURANCE?

Renters insurance covers the possessions within a rental home or storage unit. It is officially known as "personal property insurance."

Traditional homeowners insurance covers a home and the homeowner's possessions from damage or destruction, and it protects the homeowner from liability.

But homeowner's insurance does not cover a renter's possessions from theft, damage, or destruction, or the renters themselves from liability.

Personal property insurance covers all of the above, as well as many other unforeseen circumstances. For example, your auto insurance may not cover theft of possessions stored in your vehicle, but your personal property policy probably will.

Or if you break your television or a piece of antique furniture during a move, your personal property coverage will likely pay for the repair or replacement.

HOW TO GET RENTERS INSURANCE

Most major insurance companies offer personal property insurance. In fact, it is likely that your current insurance provider offers it along with a discount for bundling it with your existing auto or other insurance policies.

Choose a highly rated company with good customer service that provides the most extensive coverage at a reasonable expense.

Shop and compare each insurance company's prices but also their financial stability via a ratings agency, such as Weiss Ratings.

Getting renters insurance is already a wise decision; how much you pay for this peace of mind is certainly important, but secondary to knowing that your possessions are protected.



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