Your landlords insurance policy is not enough. It most likely ONLY covers the building you live in. Not your personal belongings.
If you live in a rented apartment, condominium or home, you need to protect yourself, your space and your stuff. Some managed communities even require that you have a certain amount of renters coverage as part of your lease agreement. Typically, your landlords policy will not help if your belongings are stolen or damaged. For that you need renters insurance.
The average cost of renters insurance varies depending on what kind of coverage and deductible you select, but can cost as little as $20 a month with Nationwide.
This is probably one of the easiest polices to start. There are only a few questions you need to answer!
How much stuff do you have and what happens if you get sued?
First - Personal Property. How much stuff do you have in your home? Imagine you shake your apartment upside down. The policies goal is to replace all of that stuff. So you need to give us a number of what that would take. Easy!
Second, how much liability do you need? What happens if a guest trips on your rug? What happens if your dog bites the neighbor? What happens if your frisbee breaks a window?
While other agents start with $50,000 or $100,000, we start with $300,000 and are most always going to offer you more... you never know and that's why we offer more.