{"id":4281,"date":"2022-02-17T12:20:59","date_gmt":"2022-02-17T20:20:59","guid":{"rendered":"https:\/\/www.vernfonk.com\/blog\/?p=4281"},"modified":"2025-09-10T16:26:34","modified_gmt":"2025-09-10T23:26:34","slug":"myths-about-renters-insurance","status":"publish","type":"post","link":"https:\/\/www.vernfonk.com\/blog\/renters-insurance\/myths-about-renters-insurance\/","title":{"rendered":"4 Common Myths about Renters Insurance in Washington and Oregon"},"content":{"rendered":"\n

Whether you live in an apartment, a rental home, a dorm room, or some other rental situation, renters insurance<\/a> can help you save a lot of money when the unthinkable happens. Yet, many people don\u2019t know or understand the different ways renters insurance can benefit you in a variety of situations. There are some common misconceptions and myths floating around out there about affordable renters insurance<\/a>. Let\u2019s look at four of the most common myths about renters insurance.<\/p>\n\n\n\n

1. I\u2019m Covered Under My Landlord\u2019s Insurance<\/h2>\n\n\n\n

Well, actually, you aren\u2019t. Unless your landlord is your parent and has the building insured and everything in it, your possessions won\u2019t be covered under your landlord\u2019s policy. A property owner\u2019s policy begins and ends with the actual building and some of the inner workings, such as the HVAC and plumbing systems. Nevertheless, as far as that beautiful \u2013 and expensive \u2013 master bedroom suite you bought. Nope. If there\u2019s a fire, you\u2019ll be replacing that furniture out of your own pocket if you don\u2019t have renters insurance<\/a>.<\/p>\n\n\n\n

2. My Stuff Isn\u2019t Worth That Much<\/h2>\n\n\n\n

Actually, your belongings are probably worth far more than you are thinking. Let\u2019s talk about the kitchen. All your pots, pans, dishes and gadgets cost money. If you have expensive jewelry, shoes and clothing, that will also be hard to replace.  You might be surprised at just how much your belongings would cost to replace in the event of a fire or other event.<\/p>\n\n\n

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3. Renters Insurance Costs Too Much for What You Get<\/h2>\n\n\n\n

Did you know that you can get renter\u2019s insurance in Washington and Oregon for less than $1 a day?  When you think about how much it would cost to replace your belongings, it\u2019s actually one of the best values out there. And what exactly do you get for that money? Maybe more than you think.<\/p>\n\n\n\n

Renters insurance<\/a> covers the cost of replacing most of your belongings when there\u2019s theft or vandalism, fire and smoke, windstorm and hail, and water damage from plumbing, furnace\/AC, or water heater. And it covers replacing clothing, electronics, furniture, toys, tools, power equipment, and appliances you brought into the rental space.<\/p>\n\n\n\n

It can also protect you if someone gets injured in your home and decides to sue you. It also pays for your lodging and meals if you are displaced due to a catastrophic event in your rental. So, renters insurance definitely pays for itself when you need it the most.<\/p>\n\n\n\n

4. Renters Insurance in Washington and Oregon is Just Too Complicated<\/h2>\n\n\n\n

Maybe you\u2019re holding back because you think getting a renters insurance policy is complicated. In fact, it\u2019s really simple. There are a couple of tasks to do in order to make sure you are getting the biggest bang for your buck, but overall, when you think about the alternative, you won\u2019t find it hard to take the necessary steps.<\/p>\n\n\n\n