Most of us buy insurance when we are forced to.
If you drive a car, you must prove that you have insurance for liability.
When you get a loan to buy a car, you have to insure the car itself against damage.
When you buy a house or condo, you have to get homeowner's insurance.
Once you have some insurance, there's a greater chance that you're going to think about additional insurance, if only because your agent brings it up.
There is one type of insurance, renter's insurance, that many renters don't even know exists.
When you rent a home, no one is going to make you get insurance.
The owner of the apartment or house has insurance in case the home is damaged.
That's all they're worried about.
If there's a fire and the home is completely destroyed, they're not responsible for your belongings.
Renter's insurance covers your stuff in the event of damage or theft.
Whatever you own, even if it doesn't seem like that much, is valuable.
Imagine what you would do if your home burned to the ground.
You would have to replace the obvious things like your furniture, television and computers.
But what about the smaller ticket items? You would have to buy new clothing, dishes, towels, and shoes.
What if your skateboard or bicycle was in the house? Would you want to replace it? Do you need a toaster and a Nintendo DS? All of these things would add up fast.
Theft is covered too, even if your items weren't stolen from your home.
Maybe your iPod was in your car when it was stolen? Many people don't realize that renter's insurance also covers non-vehicle personal liability.
If someone sues you because you accidentally caused damage, renter's insurance steps in.
What would you expect this to cost? It's actually much less than homeowner's insurance.
The typical renter can get insurance for $200-$300 a year.
Don't wait until it's too late.
Get a quote to see how much it would cost to cover you in the event of a catastrophe.
If you drive a car, you must prove that you have insurance for liability.
When you get a loan to buy a car, you have to insure the car itself against damage.
When you buy a house or condo, you have to get homeowner's insurance.
Once you have some insurance, there's a greater chance that you're going to think about additional insurance, if only because your agent brings it up.
There is one type of insurance, renter's insurance, that many renters don't even know exists.
When you rent a home, no one is going to make you get insurance.
The owner of the apartment or house has insurance in case the home is damaged.
That's all they're worried about.
If there's a fire and the home is completely destroyed, they're not responsible for your belongings.
Renter's insurance covers your stuff in the event of damage or theft.
Whatever you own, even if it doesn't seem like that much, is valuable.
Imagine what you would do if your home burned to the ground.
You would have to replace the obvious things like your furniture, television and computers.
But what about the smaller ticket items? You would have to buy new clothing, dishes, towels, and shoes.
What if your skateboard or bicycle was in the house? Would you want to replace it? Do you need a toaster and a Nintendo DS? All of these things would add up fast.
Theft is covered too, even if your items weren't stolen from your home.
Maybe your iPod was in your car when it was stolen? Many people don't realize that renter's insurance also covers non-vehicle personal liability.
If someone sues you because you accidentally caused damage, renter's insurance steps in.
What would you expect this to cost? It's actually much less than homeowner's insurance.
The typical renter can get insurance for $200-$300 a year.
Don't wait until it's too late.
Get a quote to see how much it would cost to cover you in the event of a catastrophe.
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