Is Renters Insurance Worth It?

Did you know that over 60% of all renters do not have renters insurance? Did you also know that renters insurance is extremely affordable and covers everything from property damage and medical coverage to legal fees and hotel costs? The average renter’s insurance policy is only $15 per month - you can’t afford not to be covered!
  1. Camelia says:

    As someone who works in the insurance company, the benefits from getting renters insurance outweigh the cost, which is not that high if you’re looking at the benefits.
    Mandatory I would say, especially if you live in a hurricane prone or coastal area.
    Great post!

  2. Michelle H. says:

    I pay only $23.00 a month for my policy through geico. As much as I have wanted to use that $23.00 for paying off our debt I have continued our policy. I rather have it just in case and have that cushion instead of having to keep 50K aside (which we don’t have) if something happens.

  3. Bre H says:

    I didn’t get renters insurance until my first apartment out of college and I am so glad I did! My roommate and I covered $25,000 coverage for $15/month. During our 4th month, the apartment next to ours had renovations and a fire started. We didn’t have fire damage, but smoke and water damage. Insurance covered everything lost plus hotel costs while we were homeless. Our total bill came to just over $24,000. Cleaning bill alone was $18,000. Don’t underestimate the value of insurance nor the value of your property!

  4. Teresa says:

    Yes, renters insurance is worth it. I have renters insurance. It covered the furniture stolen from my storage unit. You never know what can happen.

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