“Obviously, the first thing you do when moving into a new apartment is get a new renters insurance policy.” Said no one ever.
In an era when a renters insurance policy costs less than a cappuccino each month, why is it that nearly two-thirds of all renters are still uninsured?
Maybe it has to do with bad branding. “Renters Insurance” isn’t sexy. And the name isn’t totally self-explanatory – it doesn’t exactly sound like protection for your stuff or damages you may cause others.
Even if people do know that renters insurance covers their stuff, some don’t think it’s worth the monthly payment.
Spoiler alert: it is! We’ll get to that sticky point later on.
Bottom line, renters insurance coverage seems to be something we really don’t know how to discuss in simple terms. And most don’t really know the value of it. It’s a shame because it’s one of the most basic investments you can make for a whole lot of peace of mind at a very low monthly cost.
So we’re here to dig deeper and explore the ins and outs of renters insurance: what it is, why it matters, and everything in between, in plain English.
Here’s a quick guide to some of the most Frequently Asked Questions about Renter's Insurance:
Still have questions about Renter's Insurance?
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