Do I Need Renter’s Insurance?
- Types of renter’s insurance
- Companies that offer renter’s insurance
- Costs of renter’s insurance
- Pros and cons of renter’s insurance
- The bottom line
Types of renter’s insurance
Personal property coverage
What isn’t covered
What’s not covered
Loss of use coverage
What’s not covered
Replacement cost coverage
Actual cash value coverage
Companies that offer renter’s insurance
Costs of renter’s insurance
Pros and cons of renter’s insurance
- Renter’s insurance covers the basics of your day-to-day life at a reasonable cost.
- Liability coverage can be beneficial if you are ever sued or held responsible for injuring someone else or their property.
- Renter’s insurance can help cover your living expenses if you are displaced from your rental due to unforeseen circumstances that make your rental uninhabitable.
- Renter’s insurance does have exclusions, so you might need to purchase additional coverage or even an entirely separate policy for some high-value personal items.
- Not all policies are the same, so you need to do your due diligence when picking an insurance company and policy.
- Renter’s insurance doesn’t offer coverage for your items or your own medical bills if you damage your own property or get injured within your rental.
The bottom line
Reclaim Up to $610/Year in Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But, who has the time to look around for around a new company?
A website called CarInsurance.net makes it super easy to see if you’re getting the lowest price. All you have to do is enter your ZIP code and your age, and it’ll show you your options.
Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.