According to a study by the National Association of Insurance Commissioners, only 57% of renters have renters insurance – which means about 25 million apartment households are not covered. Although renters insurance may not be required by your landlord, there are several important reasons to protect yourself while renting.
When you live in an apartment complex, you can take all the necessary take precautionary steps for yourself to prevent damage or theft, but you also need to be prepared in case your next-door neighbor isn’t as responsible.
Also, if you are a college student living away from home, did you know that only 10% of your family’s home insurance property coverage limit follows you school? Renters insurance is a smart choice for students as well. You might think you don't have enough property worth covering, but how much would it cost to replace everything in your room - from computers and electronics to clothing and musical instruments
Here are the top five reasons you need renters insurance:
Getting renters insurance gives you protection and peace of mind—all for a small price! Combining renters insurance with your auto insurance can also increase your savings. To learn more about renters insurance and how Acuity makes insurance simple, get an online quote today or call one of our independent agents.