Take a look around you. Everything you see has value, and you could be vulnerable if you don’t have insurance. Many renters think that their possessions are covered by their landlord’s policy. But your landlord’s policy typically only covers the structure and any liabilities the owner would face. Your possessions are not covered under this type of policy.
Why Do You Need Insurance?
You may think your possessions aren’t valuable enough to insure, but add up the cost of replacing everything you have. It is a significant amount of money. If you do not have enough savings to cover these expenses all at once, you need renter’s insurance. Many policies also provide personal liability coverage, protecting you in the event that someone is injured at your home.
Isn’t It Expensive?
Renter’s insurance can cost as little as $15.00 a month. It all depends on how much coverage you want and where you live. Considering that you have no control over circumstances like fire, water damage, or burglary, this is a wise investment and gives you peace of mind.
Almost all insurance agents that sell homeowner’s insurance also sell renter’s insurance. Call several for quotes and choose the one that seems the most comprehensive and affordable for you. If you are interested in buying renter’s insurance online, search for renter’s insurance and you will find many companies willing to give you quotes by email. One company specializes in renter’s insurance with a low deductible and the ability to purchase your policy online. Go to renterscoverage. com for more information.
from Puliz Records Management September 2011 Newsletter “Bits and Pieces”