How expensive is coverage?
Some renters are under the assumption that the cost of rental insurance equals one or two month’s rent but many renters are surprised to learn how affordable and inexpensive coverage is.  Renters Insurance costs pennies per day, and combined with payment plans, the monthly payments are often less than $10 per month and can often have a payment plan attached to it so it makes it more affordable for you to be covered.

Does my landlord’s insurance cover all my stuff?  
A landlord’s insurance only covers the actual building you live in, and not the personal belongings or personal liability of the renter.   

Do I need personal liability insurance?  
Knowing that you could be held responsible for injury to another person or damage to another person’s property is important.  Let renters insurance take care of you and your assets.

How much do I own?
Most of our belongings add up to a fairly substantial value.  Using the budget calculator you can estimate just how much value you have in personal possessions such as TV’s, clothing, furniture, small appliances, kitchen/bath items.  

Can you afford Not to have renter’s insurance?  

Key facts pertaining to renter’s insurance:

• Less than one-third of apartment dwellers carry insurance.  In some markets it is less than 25%
• Renters who buy tenant insurance are more likely to buy a home in the next year
• Many apartment residents have other insurance needs, including identity theft, personal liability, auto insurance, boat coverage and life insurance.
• For parents with college students, that live in the dorm typically their homeowner policy provides enough coverage.  However, college students living in off-campus housing DO need tenant insurance.
• Multiple focus group studies have shown that a significant number of renters do not have an established relationship with an insurance expert.
• Trends are changing….forecasters are predicting a change from ownership towards renting over the next 5 years.
• Most tenants are unaware that their personal property is not insured unless they have their own property insurance policy.
• When tenants do  not carry liability coverage, the property owner’s liability policy tends to become primary.  As a result more and more property owners are mandating that their tenants carry their own liability policy.