What Does Renter's Insurance Cover?

What does renter's insurance cover? Always purchase renter's insurance. The mistake many people make is that they assume that they don't need renter's insurance. They assume that their stuff is covered under...

The mistake many people make is that they assume that they don't need renter's insurance. They assume that their stuff is covered under the property owner's insurance policy. That is almost never true. If you live in an apartment building and it burns down, if you don't have renters insurance, then you're just out of luck.


The second misconception people have about renter's insurance is that it is very expensive. What we tell people is for the cost of a couple of delivery pizzas per month, you can get about $15,000-$20,000 even $30,000 worth of renter's coverage. People tend to think, "Well, I live in an apartment and I don't have that much stuff." But you add up the CD collection, the computer, the TV, the bedding, clothing and jewelry, and it all adds up pretty quickly when you think about it. Everybody who rents should have renters insurance. Everybody.


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