How Much is Renters Insurance?

Should I have renters insurance, how much does renters insurance cost, what does renters insurance cover?

You can get Renters Insurance for as little as $10 a month, maybe even under $5! Many times it can be even cheaper when coupled with your auto insurance. If you’re renting, and there’s a fire, or something as simple as the roof leaks, your belongings will not be replaced by the landlord.

renters-insurance-umbrellaRenters Insurance is a good idea, to protect your belongings and your liability.And for the price, it’s a no-brainer. Renters insurance is cheap. It’s also easy to compare Renters Insurance policies online, so that you can get the best possible policy, for the lowest price.

The insurance policy your landlord has, covers the house or apartment structure, and also their liability, but it does not cover your belongings. Most renters assume if something happens to their belongings, the landlord will be liable. But they are not. Even if the roof leaks, and you feel it was the landlords responsibility to have a roof that doesn’t leak, more than likely, your laptop with the fried hard drive, is still your problem, and not your landlord’s. It’s your responsibility to have Renters Insurance.

Imagine if there is a fire or tornado and all your stuff is gone. How much would it take to buy a new TV, computer, iPod, cell phone, camera, and all the stuff for your kitchen, all new clothes, your furniture, and everything else you own. It would be a tragedy, but if you have renters insurance, you get a big fat check to buy all new stuff, and your disaster doesn’t turn out so bad.

Don’t put yourself in that situation, where you lose every thing and can’t get it back. It makes sense to protect yourself. For as little as about $10 per month, you can make sure all your belongings are replaced if they are destroyed or if they’re stolen. Typically you can find cheap Renters Insurance with good coverage online, by getting a quote and comparing the rates of multiple companies.

Not only will you be insuring your belongings, Renters Insurance also protects you from lawsuits with liability protection. If someone is injured in your home, and they sue and win, you may have to pay out of your own pocket, but if you have Renters Insurance, you will be covered, and the insurance company would take care of it.

If you don’t have Renters Insurance, you should get it. Look into it anyway. It can’t hurt to get a quote and do some comparison shopping.