During the pandemic, many of us are spending more time at home. Because many of our favorite restaurants are either closed or are open for takeout, more of us are cooking at home.
Did you know that unattended cooking is the #1 cause of home fires? Though we all try to be careful, about 70 percent of Americans have allowed cooking to go unattended.*
How Renters Insurance Protects You from Fire Damages
If you are renting your home, what would happen if one of your neighbors caused a fire? You will undoubtedly deal with smoke and water damage, if not fire damage. Your landlord’s insurance will pay to repair the house or apartment building, but it won’t pay to replace your property.
How would you replace your clothing, furniture, electronics, and other possessions?
Also, where would you live while your home is being repaired, and how will you pay for the lodging?
If you have renters insurance, you’ll be reimbursed for your personal damages, and for your costs for temporary housing.
If Your Actions Cause a Fire
Renters insurance also protects you from liability if you are found responsible for a fire and it spreads and causes injury or property damage to your neighbor. The liability coverage in your renters policy will pay for any medical expenses and losses your neighbors suffer. If the damage is extensive, your landlord may seek compensation for damages, but the liability protections in your renters policy will help to financially protect you.
Renters Insurance Helps Protect You From Theft
Renters insurance helps protect against more than just fire damage. It also can help to reimburse you for belongings that have been stolen from your home. What is more, the theft protection from your renters insurance policy extends outside your home. If your bike is stolen from the deck, your laptop is taken from you at the coffee shop, or your luggage is snatched while you’re traveling, your renters insurance may reimburse you.
Renters Insurance Helps Protect You From Liability
A renters insurance policy also helps protect you against liability and may cover medical costs if someone is injured in your house, whether it’s a friend, neighbor, or even the pizza delivery person.
Renters insurance is surprisingly affordable and now TMA Insurance Trust has made it easier than ever for TMA members to get the rental insurance protection they need. Through our relationship with MyLifeProtected, members can easily shop online, compare policies and get recommendations from a team of online agents who are standing by to help you find the policy you need.
For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.