Why Have Renters Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAll insurance is based upon the concept of shared risk. You should buy a renter’s policy if you cannot afford the cost of replacing everything that you own. You should buy a renter’s policy if you cannot afford the cost of a lawsuit from personal injury or property damage. You should buy a renter’s policy if it is required by your landlord.Answered on May 5, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! You should have a renters insurance policy anytime you are putting your belongings in a place that belongs to someone else, especially if it will be difficult for you to replace those belongings, should they be damaged or destroyed. It is a common mistake to believe that the landlords insurance would cover you if something were to happen. Unfortunately, that is not the case. It is a good idea to get a policy. They are relatively inexpensive, and a lifesaver, if you have to file a claim. If you need help, please feel free to contact me, okay? Thanks for asking!Answered on May 5, 2014flag this answer
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