Renters Insurance Is A Must
Posted on Tue, Nov 09, 2010
According to analysis done by Travelers, renting has grown 10% in the last 5 years. Given this increase, it's important for renters to understand various coverage protections available with renters insurance.
Landlords have insurance for the building you live in whether it's an apartment, condo or house but renters are responsible for their personal possessions: furniture, clothing, electronic equipment and other personal belongings.
In the event of a loss such as fire, theft or water damage, your personal possessions would not be covered. Renters insurance can provide coverage for your personal belongings and personal liability.
The below video has tips for purchasing renters insurance.