No Renter’s Insurance a Common Mistake

If you’re renting, you should have renter’s insurance. But, according to a recent survey sponsored by the Independent Insurance Agents & Brokers of America, almost two-thirds of the 81 million people living in rental units don’t have that important coverage. The survey indicated that the average cost of renter’s insurance is $12 per month for about $30,000 of property coverage and $100,000 of liability coverage. Renter’s insurance safeguards your possessions in the event of loss or damage, even if they are lost or damaged at a location outside your rented premises and provides liability coverage in the event someone is injured or suffers a loss while on your rented premises. You will not be covered under your landlord’s insurance policy. So, unless you can afford to replace everything you own, check into renter’s insurance today.