Personal Insurance

Renter’s insurance assures you that you’re protected against the damage or loss of personal property when you rent an apartment or house. Your landlord may have insurance that protects the physical building in which you reside, but this insurance will not cover your personal property. In fact, it’s not at all uncommon for landlords to require the purchase of renters insurance prior to renting or leasing. This is prudent for both the renter and the landlord, protecting both from the possibility of lawsuit by alleviating each other’s respective liability.

In determining whether or not you need renters insurance, the questions you need to ask yourself are:

• How much would it cost to replace my belongings if they were damaged or stolen?
• And can I afford to replace them?

Depending on your answer, renters insurance may be an easy choice, providing you with the protection you need. Either way, it’s reassuring to have the peace of mind that comes from being protected.

Is your personal property protected?