Why Is It Important To Have Renters Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A renter assumes liability over the property that they rent.  If someone is injured on the property, they might sue you.  A lawsuit could ruin you financially.  If the unit that you rent is destroyed by fire, all of your personal property inside the unit is also destroyed and other than a renter’s policy no one is going to help you.  The landlord is not responsible.
    Answered on May 30, 2014
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