RENTERS INSURANCE

Apartment complexes and landlords will normally require you to have renter’s insurance coverage in their lease terms; however, even if they don’t, it is always recommended to purchase a policy if you are planning to, or, if you have already rented an apartment or home.

In most cases, depending on how extensive your coverage is, your renter’s insurance policy’s monthly premium will cost no more than one meal while dining out. And at the same time, the coverage will leave you stress-free for any liabilities or unforeseen events that could unexpectedly cause you a large loss. For example, thefts, natural disasters, and things as simple as leaving your sink tap open and having the water seep into your neighbor’s apartment, leaving you with a huge bill to pay—not only for your neighbor’s belongings, but also yours.