Renting in the State of Utah
As a renter in the state of Utah, it’s important to be aware of the potential risks that can arise in your rental unit. Unfortunately, accidents happen, and if you’re not prepared, you could be left paying for damages out of pocket. This is where renters insurance comes in. In Utah, renters insurance is a must-have, and here’s why.
Why is Renters Insurance Important?
Firstly, Utah is prone to natural disasters such as earthquakes and wildfires. According to the Utah Division of Emergency Management, Utah is ranked as the third most earthquake-prone state in the country. In 2020 alone, there were over 500 earthquakes recorded in the state. In addition, Utah has also experienced devastating wildfires in recent years. In 2020, Utah had 1,328 wildfires, which burned over 220,000 acres of land. Renters insurance can provide coverage for damages caused by natural disasters like these, which can help you recover financially in the event of a disaster.
Do You Need Renters Insurance in Utah?
Secondly, Utah is one of the fastest-growing states in the country. With a growing population comes a greater risk of accidents and incidents in rental units. For example, in 2019, the Salt Lake City Fire Department responded to over 10,000 calls for service, many of which were related to fires in residential areas. Renters insurance can help protect you from the financial burden of damages caused by accidental fires, water damage, or other incidents that may occur in your rental unit.
What is Covered Under Renters Insurance?
Additionally, Utah has one of the highest rates of property crime in the country. In 2019, there were over 50,000 reported property crimes in the state, including theft, burglary, and vandalism. While your landlord’s insurance policy may cover damages to the building, it likely won’t cover your personal property. Renters insurance can provide coverage for stolen or damaged personal property, which can help you replace your belongings and get back on your feet after a break-in or theft.
Despite the potential risks, many renters in Utah still don’t have renters insurance. The good news is that renters insurance is relatively inexpensive, with an average annual premium of around $200. For just a few dollars a month, you can have peace of mind knowing that you’re protected in the event of an accident or disaster.
Renters Insurance is Essential for Utah Residents
Renters insurance is a must-have for renters in Utah. With a high risk of natural disasters, property crimes, and accidents, it’s important to be prepared and protect yourself financially. Fortunately, renters insurance is affordable and can provide you with the coverage you need to recover from unexpected events. So if you’re a renter in Utah, don’t wait – get renters insurance today.