How Much Is Basic Renters Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The premium for a renter’s policy has two basic elements.  The first is the property to be covered (amount, and location.)  The second is liability.  The liability section could be the most critical as it protects you from the greatest threat, lawsuit.  Inventory your personal property and insure for the cost of replacing that.  Determine how much liability insurance you need.  Your agent should be a great help here.  You will probably be pleasantly surprised by the cost of the policy.
    Answered on March 13, 2014
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