Do Your Homework - RENTER'S/TENANT POLICIES
Ever stop to think just how much the stuff you've accumulated would actually cost to replace? Go "shopping" around your apartment or rental home/condo one day and you would be surprised. Ever stop to think about someone slipping and falling on your stairs or in your kitchen and you being sued? What if you're cooking a fabulous meal for you and your significant other and the kitchen goes up in flames? Do you have coverage if the neighbor (either upstairs or next door) causes a water leak that leads to your apartment being flooded and they have no renter's insurance?
These scenarios are very real and could happen to anyone, yet could be avoided for merely pennies a day. Most renter's insurance policies (depending on the amount of personal property you insure) run about $15-$25 per month and usually cover a minimum of $100,000 for your personal liability should you damage your rental unit due to negligence on your part. Your liability coverage would also cover you should someone injure themselves at your residence and attempt to collect damages from you. Most renter's insurance policies also provide you with some minimum coverages for jewelry, furs, computer items, silverware, etc. as well as basic medical expense coverage (usually $1,000) should you need it.
Be sure you compare products and get the best possible liability coverage to protect your personal assets.
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