Imagine coming home from work to find your apartment broken into and completely sacked! Your computer, big screen TV and expensive stereo system are all gone. Or even worse, suppose you return from a long weekend only to discover there was a fire in your kitchen, and everything you own is burned up. You can’t assume your landlord will pay for your damaged or lost possessions. In fact, you can probably assume they won’t. That is why you need Renter’s Insurance.
Unfortunately, Renters Insurance often falls onto the “I’ll do it later” List. Approximately 80% of renters do not carry Renters Insurance. That’s a staggering number considering a typical policy only costs between $150 and $250 a year. For this reason alone, renters insurance is an excellent idea for anyone who rents a home.