In my opinion renter’s insurance is one of the best deals in the business(besides term life insurance but I will save that talk for another day). Most people assume when renting a home/apartment they are covered with the complex or the house they live in. This is RARELY the case.

Using an apartment complex for example “they” only cover the structure of the buildings. We like to say from the dry wall out. The tenant is usually responsible for the dry wall on in. Now I have never owned an apartment complex nor do I know many people who do, so in no way am I speaking for all rental dwellings, I am just speaking from experience.

Most people that do rent, don’t feel the need or do not even know about renters insurance. As I stated before this is one of the least expensive coverages insurance companies offer. I am currently renting, I have 25k worth of coverage and I pay less than $20 a month. So if my house catches on fire or gets broken into I am insured up to $25,000. Now maybe I will never file a claim under my renters insurance, but I sure do feel better while I’m away knowing that if anything were to happen I would be able to purchase all my belongings back.

In closing, maybe you are one of those people who didn’t know about renters insurance before this, and maybe you are someone who has had renter’s insurance forever. Either way, I do believe that renter’s insurance should be a part of your insurance package, if you are a renter, as much as homeowners insurance is a part if you are a home owner.

Any questions feel free to email me, or go to my website. www.amfam.com search for me.

Guest Article Written By Adam Viet (@adamviet)