5 Reasons You Need Renters Insurance
According to a 2014 poll by Insurance Information Institute, 95 percent of homeowners have insurance, but only 37 percent of renters carry insurance. While renters insurance may not be required at your apartment, there are several important reasons to protect yourself while renting. When you live in an apartment complex, all your neighbors are potential risks, so even if you take precautionary steps, you need to be prepared in case your next-door neighbor isn’t as responsible.
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Nobody wants unexpected expenses. So how can you plan for these expenses such as damages to something you own or injuries to others? Having a home or renters insurance policy! Listed below are some examples of how renters insurance could protect you.
If you are renting your home or apartment, you may think you don’t need insurance coverage. You might look around your apartment and think you don’t have much stuff or that nothing will ever happen to your building. The truth is, having insurance as a renter is important.
If you manage downtown rental properties, you may have noticed that your space is becoming more popular. In mid- to large-sized cities, companies and individuals are flocking to downtown areas.
