Posted by on Oct 19, 2014 in Home | 0 comments

The landlord of your apartment has insurance, but it only covers the building where you live — not your belongings or your liability for accidents. If your possessions are stolen during a break-in or damaged by a fire or severe weather, a renters insurance policy can allow you to recover their value. If someone is injured during an accident in your home, renters insurance can help protect you in the case a liability lawsuit due to an injury (falling, tripping, etc.) that occurs in your apartment.

Renters Insurance is a Bargain

You have thousands of dollars in property.  Maybe you can’t afford to replace it all, but you can insure it – for cheap.  A State Farm renters insurance policy costs less than a dollar a day.  In case of the unexpected, that small daily cost will save you thousands.

For example: for $20,000 of coverage in your personal belongings and $100,000 in personal liability, the cost is only between $10.83/mo. to $13/mo.!

What Renters Insurance Covers

Below are the main things that Renters insurance covers:

  • Theft
  • Fire or Lightning
  • Windstorm or Hail
  • Freezing of plumbing system
  • Personal liability lawsuits