1. 245 POINTS
    Tom Sorrels
    There are several factors that govern the cost of renters insurance. The cost is based on the value of your contents, construction of your residence, type of dwelling (house versus apartment versus mobilehome), and location.

    When you weigh the cost of NOT having insurance on your contents if something were to happen,,,,,it's a small price to pay.

    And don't forget that most DECENT policies will pay to put you up in a hotel if something should happen to the residence you are renting that caused the residence to be uninhabitable...that portion is called Additional Living Expense.
    Answered on April 4, 2013
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