MY Two Cents about ” Renter insurance”
Although residents are not required by law to buy renters insurance, the financial ramifications of not having it are great. Tenants often forget about renters insurance, because a lease is temporary and the property is not their own. Even if a landlord or property owner has insured the building, there are still many reasons why residents need renters insurance.
For example:
To Cover the Loss of Personal Property
If a resident loses personal property (clothing, electronics, furniture, home ware, etc.) because of damage from fire or smoke, severe weather damage, theft, and more, they will be left to replace those items out of pocket if they don’t have renters insurance. So pay the small amount it cost to insure you stuff.
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