How Much Renters Insurance To Buy?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    You should ask yourself, “How much can I afford to lose?”  That will give you a simple answer.  However, most buyers of tenant’s insurance fail to recognize the problem of legal liability.  If someone is injured while on your rented property, they will potentially sue you.  The cost of defending a suit and paying the judgment could easily force a person into bankruptcy.  While the personal property is important coverage for liability is even more important.  So, buy what you need and take the highest liability option available.
    Answered on March 19, 2014
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