Many people consider renter’s insurance optional. Actually it is just as important as car insurance and homeowner’s insurance. Its purpose is to protect you in case of an emergency, whether fire or theft, and also to protect you if someone is injured at your place of residence.<\/p>\n
Here is a list of the four most common myths about renter’s insurance:<\/p>\n
Myth # 1: I can’t afford it<\/em><\/p>\n Chances are you can get renter’s insurance for as little as $10 – $20 per month. As you raise the deductible on your insurance, the rates will generally decrease.<\/p>\n Myth # 2: My landlord has coverage<\/em><\/p>\n Typically, a landlord’s insurance covers only covers structural damage to the building itself , and will never cover your belongings. In some cases, if the tenant causes the damage, then the tenant could be liable for the damage and will have to pay for the repairs. If the buildings is burnt to the ground, the landlord’s coverage will not replace your belongings.<\/p>\n