Monday, June 16, 2008

Why Renters Insurance?

Most renters think that their landlords’ insurance will cover them in case their property is stolen or destroyed in a fire. WRONG! The only thing your landlord is concerned with is that his/her insurance company repairs damages to the property and cover the loss of rent due to a covered loss. Your landlord cares about their property and not yours.

Your landlords’ policy will not replace your cloths, your shoes, your furniture, your laptop, your ipod, your DVD’s … you get the point right?

Renters insurance policies is what you buy as a tenant to protect your property in case of a covered loss. This is the policy that will replace your personal belongings in case you are burglarized or lose everything in a fire.

Most Renters policies will put you back $100 - $200 per year and you will probably save twice as much on your auto insurance policy if you buy it from the same insurance company.

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