Aug 27
Considering Renter’s Insurance
If recent crimes have made you consider renter’s insurance, you’re not alone. Once you’ve determined that renter’s insurance-which is available for apartments, houses and other residences-is a wise move to protect your personal property against fire, theft and vandalism, as well as your legal liability, how do you decide your coverage amount?
While you may not have expensive jewelry or rare coins, the average person owns more than $20,000 worth of belongings, most of which are not likely covered by a landlord’s policy. Even if you think you don’t own much, it’s a good bet that you own more than you’re aware. Think of the value of your clothes, your electronics, your music collection, kitchen equipment. The numbers add up quickly. How much are your belongings worth? Could you afford to buy it all back if someone stole from you, or if your residence was destroyed in a fire?
Another consideration is your liability. What would you do if you or someone at your residence causes damage or personal injury? It is possible that you could be held legally liable for damages. Talking to an insurance representative is a smart move to protect yourself and your belongings now and in the future.
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August 31st, 2007 at 1:13 am
Solid advice. Renter\’s insurance has saved the bacon of many of my friends and family, due to burglaries and other unfortunate events. One of my brothers, an avid cyclist, was even covered on his renter\’s insurance when some ignoramus broke in and stole his (rather expensive) bicycle. It was that day when I realized that the insurance was selling something worthwhile with renter\’s policies!
Jerry
http://www.leads4insurance.com