Imagine having to repurchase everything you own: furniture, clothing, artwork, household goods: It could add up to thousands quickly. If you’re renting your home and suffered a catastrophic loss, your landlord’s insurance probably wouldn’t replace your things.

Renters insurance covers several kinds of potential losses, and not just your material goods. Here are five reasons you should get coverage if you lease your home:

1. Things happen that are beyond your control. Electrical malfunctions, floods, storms, even a neighbor’s carelessness could wreak havoc on your valuables. Renters insurance can help you prepare for the unpredictable.
2. It’s one of the most affordable kinds of insurance. Depending on your situation, a policy can cost $1 a day or less.
3. No one else insures your property. Your landlord’s coverage on the home doesn’t include your belongings or pay for you to stay somewhere else in case the home is rendered unlivable by a disaster.
4. Protect yourself from liability. A policy can cover medical bills if someone is injured in the home while you’re leasing it, and it may even include damage caused by your family members or pets at other people’s homes.
5. Belongings may be covered outside of your home. Depending on the policy, possessions that are stolen or lost while you’re traveling – for example if something is taken from your car – could be covered, too. Ask your agent for details.

Visit LongandFoster.com/insurance to learn more. Or call 1-866-275-4534.

Your Long & Foster Insurance agent will comparison shop many insurance companies’ plans to design a solution that fits your needs and budget. Let our experts do the work for you.