Let’s talk about the importance of renters insurance and how it can protect your personal property and assets. When you rent an apartment, condominium or even a house, your landlord will have an insurance policy. But the landlord’s policy will only covers the building and is not protect any of your  possessions.  

You likely have a lot of personal property worth protecting. So it’s important to make sure you’re possessions are insured.  And it really does not cost very much. In most cases you can get renters insurance for less than $20 a month.

Calculate The Risks 

You may not have considered how costly it would be to replace your possession, in case of afire, vandalism or other event. Take a look around you. All of the value, of your TV, electronics, equipment, furniture, clothing and other items. Could you afford to replace all of that at once? Renters insurance covers your personal belongings from mop caused by fire or smoke, lightning, explosion windstorm water damage and theft.

Renters Insurance Is Typically Under $20 Per Month

 Also depending on where you live earthquake coverage may be purchased for an additional cost.  Keep in mind this covers all of your property, not your roommates including possessions you keep in your car, garage or storage unit.

You can be exposed to an even greater loss because you can bear financial responsibility if you, your family members, or even your pets accidentally cause harm to someone or something.  If your dog bite someone you can be held responsible for all of the medical bills.


If someone is injured in your apartment, you could be liable for that expense.

Renters insurance can provide you with $100,000 or more of liability coverage in the event you accidentally cause harm to someone. Renters insurance is an extremely cost effective way to help ensure that things it may happen your possession can be replaced, or that there will be funds available to help cover your legal obligation


> Protect Your Possessions With Renter’s Insurance

> State Insurance Departments | Thetwo types of renters insurance polices – publications.usa.gov



Consumer alert for renters: Do you have renters insurance?

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Why you need Renters Insurance