Many people who live in an apartment think that they cannot afford
renters insurance. That belief could not be farther from the truth!
Renters insurance is inexpensive compared to other insurance policies.
In fact, if it is tied to another policy (such as Auto) the discount for
the Auto policy will almost completely offset the cost of the Renters
policy!
Renters insurance is not a “nice to have” thing but is something
that is vital to protect your property and your bank account. You may
not need it, but if you ever suffer a catastrophic lost, you will be
glad that you have a renters policy.
What does a renter’s insurance policy cover?
Renters insurance can cover either the cash value of the property or its replacement value.
The policy can also cover living expenses if you apartment has been destroyed by a covered event.
The policy can cover your liability if a guest has an accident while visiting you.
