The Walters Agency
Those who rent a house or an apartment should strongly consider buying a renters insurance policy. This policy will cover the cost of replacing lost or stolen belongings as well as help to pay for damage to property caused by water, pests or mold.
How It Works?
Getting renters insurance is fairly easy. You can get it from most major insurance companies in your state, and you buy it just like you would any other policy. Coverage can be purchased online or through a local agent. If you need to file a claim, you would simply contact your insurance company and wait for the claim to be approved.
Who Should Have This Type of Insurance?
Anyone who rents should have this type of insurance. In many cases, it can be purchased for less than $10 a month. When bundled with other policies, it can cost as little as $5 a month or less.
The Benefits of This Type of Insurance
First, your policy will cover the cost of replacing lost, stolen or damaged goods up to a certain amount or more depending on your policy's terms. Second, this coverage can be used even if you lose your things outside of the apartment. For example, if you lose your luggage at the airport, your policy may pay to replace that luggage. Finally, you have peace of mind that you won't have to spend $500 or more to replace a new TV or a computer that you do school or professional work on.
Even as a renter, carrying insurance is a good idea. You can buy a policy for just a few dollars a month that will cover the cost of replacing most or all of your belongings. More importantly, it gives you peace of mind that you won't be on the hook if anything happens to your stuff.