What Should I Pay For Renters Insurance?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   I just wrote a renter’s policy and the annual premium was $92/ year.  While that is on the low side, it does illustrate that the cost of a renter’s policy is not significant.  However the cost of not having a renter’s policy can be significant.  A lawsuit can bankrupts you.  A fire can destroy everything that you own.  If you are forced to move out you might find that alternative housing is significantly more expensive.

   Answered on May 7, 2014

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