While renter’s insurance might seem like an obvious thing to have, there are a surprising number of renters who do not have it, why is that? There are a few reasons for this, one is that the tenant thinks it will cost too much. However, renter’s insurance is extremely affordable with an average policy costing less that $17 per month. Other reasons a person might not have renter’s insurance is that they think they don’t have any possessions worth covering, but, if we think about how much it would cost to replace them, we may feel differently about the insurance. There are also those who think they are covered under the homeowner’s policy and others who aren’t even aware renters’ insurance is available to them.
So, if you are renting your home and don’t yet have renter’s insurance, it might be a good idea to look at the different policies available to you.