You may not own the place, but you do own what’s inside. Make sure it’s safe.
When most people think about insurance it is with their car or home in mind. This is because the law or bank requires us to do so. Although renter’s insurance is usually not required, it is just as necessary to have.
One of the first things most renters learn after a disaster such as a fire consumes their home is that the landlord is not responsible for much of anything unless criminal neglect can be proven. And usually, it can’t be. While the landlord is no doubt insured, in most cases, his insurance only covers the structure of the building.
Some that rent tend to live under the illusion that they don’t have a lot of valuables. But, even in the course of one or two years of renting, we accumulate stuff. Lots of stuff that would cost money to replace, and would be very difficult to live without.
Your amount of coverage depends on the value of contents (furniture and appliances) as well as personal property such as jewelry, furs, fine arts, electronics, clothing and other items.
Frequently people go for years without reviewing their insurance program, even though life quickly changes. By answering a few questions, you can have the peace of mind knowing that your family and possessions are protected.