Ultimate Renter’s Insurance Guide
Today, you rent your apartment, condominium, or house, and have spent a lot of time and money making it your home with entertainment systems, furniture, and often irreplaceable items like jewelry and art. The last thing want to worry about is rebuilding your home after a fire, theft, or storm damages your belongings. Luckily, if you have renters insurance, you don’t have to worry about it at all.
Beyond the added cost that needs to be factored into your budget, there are few drawbacks to buying renters insurance. For a low monthly fee, you can count on financial help replacing your personal belongings. Even items stolen from your car are sometimes covered. Policies also include personal liability, so you’re protected from damages caused to other people while they’re at your home, ensuring that you won’t be drowning in hefty legal or medical bills.
However, while it’s an easy enough discussion to decide to get renters insurance, it’s not as simple as buying a one-size-fits-all policy. There are questions you need to ask yourself so you don’t suddenly find yourself under-insured when disaster strikes –
- What type should I buy?
- How much coverage do I need?
- What’s the difference between “actual cost value” and “replacement cost”?
- What’s a deductible, anyway?
For answers to these questions click on our articles below.