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Why get renters insurance

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Question
Why should I carry renters insurance?

Answer

To protect you from a variety of accidents and losses, especially the very expensive ones we see almost every year. For example, in early 2013 a resident accidentally released the fire sprinkler valve in their unit and caused $40,000 in damage to their belongings, their apartment, their neighbor's apartment, and the common areas in their building. Fortunately this resident had renters insurance and the damages were covered by their policy instead of out of their pocket.


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Views: 1033 Created on: Aug 20, 2015
Date updated: Aug 20, 2015

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