Summary: Renter's insurance is usually purchased by tenants to protect their assets within a home in case they are damaged or stolen. Find out how to include liability coverage in a renter's insurance policy with help from an insurance representative in this free video on renter's insurance.
John Pinelli is an insurance representative for Northwestern Mutual.read more
"This is John Pinelli, financial representative, talking to you today about why you need renter's insurance. So the reasons you would purchase renter's insurance as a tenant would be to protect your assets within the home in case they are damaged or stolen. In addition you might want to have some liability coverage which would be included in your renter's insurance policy and this would provide you coverage in case a liability were to arise where someone were injured in your home or something happened to them where they would potentially file a suit against you or ask for medical expenses. Now it is very important to have this aspect because this can be far far more expensive than simply your couch or TV or bed that could get damaged or stolen. These expenses could be astronomical for the reason that their medical expenses for one could be quite expensive as people know medical expenses are never cheap and in addition to that if there were some legal proceedings that were to occur where they would file a suit against you you would need to obtain some sort of legal defense for yourself and lawyers aren't cheap either so you would want to have something that could help to pay some legal fees if you were to find yourself in that sort of a bind and that's what renter's insurance would do. It would pay those legal fees as well as the claim for liability that may arise out of someone becoming injured within your property. This has been John Pinelli, financial representative, talking to you today about why you should have renter's insurance."
eHow Article: Why Do You Need Renter's Insurance?