So, while renters insurance seems like an obvious choice, the fact remains that many tenants still do not have it. Why is this? There are a number of reasons, one of those being that they think it will cost too much. The truth is that renter’s insurance is surprisingly inexpensive with an average cost of less then $17 a month. What are some other reasons many do not have renter’s insurance? Some believe they are covered under the homeowner’s insurance policy. They also feel that they do not possess anything of much value. If you think about how much it would cost you to replace those things, however, you may realize the benefits of being covered to replace them. Sometimes the tenant is not even aware that renter’s insurance is available for them.
So, its clear to see that whether you own your home or rent one, its important to have coverage for your belongings and there is an insurance available to suit your situation and budget.