The numbers are in, and if you don’t believe you need renters insurance in IL, you might be sorry you feel that way. According to the National Fire Protection Association, there were 94,000 apartment building fires in 2014 and 95,000 apartment building fires in 2015. These statistics do not include unit fires, such as electrical or gas fires that only affect one apartment in the complex. Either way, if you have a fire in your apartment and you are not insured, you will lose the belongings damaged by the fire and the water to extinguish the blaze. Property inside an apartment is not covered under the property manager’s policy.
This might shock you. You might assume that insurance coverage is included in your monthly rent, but it is not, which is why so many people secure renters insurance on their own. You do not want to risk losing your property to a fire, water damage, theft or any other incident, and you when you take into account that tenant insurance is very affordable, you don’t have to lose anything. Purchasing a policy is simple and straightforward, and you can make necessary adjustments to your coverage and deductible to fit the policy payments within your budget. Don’t become a statistic. Get insurance today to protect your belongings.