1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Well, if you have enough money saved ad available to replace everything that you own should your rental home be destroyed by fire, you probably don't need Rental Insurance. If you are sued for damage that you have caused to someone else's property or for an injury you have caused to another person, and the settlement against you is $300,000 or more, and you have the money to lay your legal fees and the total settlement without having your pay check garnished you probably don't need Renters Insurance. Most people aren't in that situation though, so it is a good idea to talk to your Insurance Professional today about buying quality Renters Insurance.
    Answered on August 13, 2014
  2. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    Primarily renter's insurance is designed to protect your personal belongings that you have in your home that you rent. Renter's insurance may replace items that are stolen from your home, or are damaged or destroyed by fire or flooding. You need to inquire with your insurance agent as to exactly what kinds of incidents are covered by any particular policy. For example in areas that are prone to hurricanes or tornadoes you may need to buy a rider in addition to the basic renter's insurance, or you may need to buy hurricane insurance specifically.
    Answered on May 3, 2015
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