Many landlords and property management companies require tenants to have renters insurance. Even if it’s not required for your rental place, it’s smart to get a policy as soon as you sign a lease. Consider the benefits of this coverage to understand why it is well worth the small investment.

Reasons to Get Renters Insurance

1. Protect Your Personal Belongings

Renters insurance will cover the loss or damage to personal belongings. Between furniture, electronics, and more, most renters have personal property that can add up to tens of thousands of dollars. These items are not covered by your landlord’s insurance.

Your policy will cover the financial loss of items in case of theft, fires, floods, or other disaster situations. Choose whether you want your coverage to be the replacement cost value or the actual value of your items. Some policies may even cover your belongings if damage occurs outside of the house.

2. Host Guests Free of Worry

Yourlexington insurance insurance policy provides liability protection for house guests as well. If a visitor becomes injured while in your apartment, your policy may cover their medical bills and any possible liability if they decide to sue. Liability coverage will also protect you if you’re held liable for property damage.

3. Always Have a Place to Stay

If serious damage occurs to the property due to flooding or a fire, you may not be able to live there while repairs are being done. Your renters policy will cover additional living expenses. Feel relieved knowing you can book a hotel room or get another apartment without taking on considerable cost.


With Reed Brothers Insurance in Lexington, KY, renters insurance is simple and affordable. Since 1912, this independent insurance agency has provided fair rates from top providers such as Trexis®, Progressive®, State Auto®, Kemi®, and Kentucky Growers®. They’ll handle all of your coverage needs from renters to auto insurance policies. Learn more about coverage options on their website and call (859) 253-2728 to request a quote.