Renters insurance is a really cheap, really simple insurance policy.
A lot of renters don’t think they need it or don’t think they can afford it. Nothing could be further from the truth.
Here are the three reasons it’s silly not to have a renters insurance policy:
Renters Insurance: Just What You Need To Know
Renters insurance is a really cheap, really simple insurance policy. A lot of renters don’t think they need it or don’t think they can afford it. Nothing could be further from the truth. Here are the three reasons your stupid not to have a renters insurance policy: 1.
1. It’s Super Cheap
A renters policy will likely cost around $10-$15/month. But here’s the thing, having it usually gives you a discount on your auto insurance. So in the end, it can be closer to free!
2. It Protects your Stuff
Whether you think you’ve got much stuff or not, it would likely cost at least $10,000 to replace even your basic clothes and home furnishings. So having a policy that covers replacing them is incredibly important.
3. It Protects your Liabilities
It’s possible for bad things to happen to other people because of you. If that happens in your car, auto insurance will help. But what if that happens other places? In your home, on your bike, during a sporting event? The worst of these scenarios include lawyers and lawsuits. If you have a renters policy, the insurance company will defend you and pay for the injuries or damage. No Renters policy? You’ll have to hire lawyers and pay damages on your own…OUCH!
So there you have it.
If your a renter who has auto insurance, it’s a no brainer.  Contact your local independent insurance agent and ask them to find you the best company with a renters-auto combo policy. Once you’ve got a quote, post in the comments below if the price for both ended up being cheaper than your auto policy by itself.
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