Tenant insurance is often forgotten about since typically its not required to rent a space however its just as important to purchase tenant insurance as it is for a home owner to purchase home insurance. You could be renting a house, apartment or condo and your need for insurance is the same no matter which you rent.
Renters seem to expect tenant insurance to be expensive and often put off purchasing insurance for their belongings. The truth is an insurance policy for a renter is often extremely affordable for starter limits of coverage. It’s important to purchase coverage as it will insure all of your belongings (clothing, electronics, furniture, toiletries, kids toys etc), and in the event of a total loss it would be expensive to replace all of these items.
Some of the coverages included in your insurance policy are:
While tenants insurance isn’t mandatory in most apartments or rental situations, it should be at the top of your list of things to do when renting....