Some people believe that renter’s insurance is unnecessary, especially if the landlord has insurance. People think the landlord’s insurance policy will cover any mishaps. That is not correct. The landlord insurance coverage will probably not cover any damage to your (renter’s) property caused by a covered occurrence. Renter insurance is far more complicated than you would assume. Here are seven
There are currently around 43 million renter households in the U.S., as noted in the Census Bureau’s Housing Vacancy Survey. Surprisingly, recent research has revealed that nearly 50% of American adults ages 23 to 29 carry no renters insurance. More specifically, 46% of the respondents deemed it unnecessary, 33% thought it was too expensive, and 25% said they just hadn’t
What you should consider when securing a renters insurance policy. If you are living in a rented space, then you may assume that you don’t need insurance protection. However, this isn’t the case. While it’s true that the property owner is responsible for physical damages to your rental, they are not responsible for protecting your personal belongings or liability. This
Why it pays to have a renters policy. When it comes to insurance, many renters think that securing a policy is a poor investment. However, this is because they do not understand the benefits of having renters insurance coverage. Here are some of the situations in which it pays to have a renters policy. Break-In Even if your rental is
Why you can’t afford to skip out on renters insurance. If you are renting a home or apartment, then it’s nice to know that your landlord is responsible for covering any physical damages to your rental space. However, just because you do not need to worry about this risk doesn’t mean that you can forgo insurance completely. There are still