If you’re renting, you need tenants insurance. Simply put, it’s affordable protection for you and your belongings.
Do I really need it?
Say, if a pipe bursts in your apartment or someone breaks in; without insurance, you’re on the hook for replacing your things. Take a second to think of all the things you own. Maybe that hand-me-down couch didn’t cost you much at the time, but a new one might. (Seriously, new furniture is expensive.)
On the other hand, if you cause damage to other people’s property, you can be liable. Maybe it was your water pipe that burst and flooded the apartment downstairs. With coverage, you can make sure you have personal liability protection.
How much does tenants insurance cost?
The good news? Protecting your belongings doesn’t have to be expensive. It can be as little as $15 a month (or about $200 a year). Even if you’re on a tight budget, you’ll be able to protect what you own and still afford your Netflix subscription. Get a quote based on your needs in just a few minutes to see for yourself.