Contents Coverage and Renter’s Insurance

People buy insurance to minimize their risk and make sure they are covered in case a loss occurs.  When buying a home we are required to have proof of insurance.  When you rent a home, this is not a requirement.  Often times, renters think Renter’s Insurance would be too expensive.  The truth is, Renter’s Insurance costs roughly the same amount a month as a new DVD.  Landlords cover the cost of insuring the structure ONLY.  Renters are left to insure their contents inside the dwelling.  Renter’s Insurance covers damage or theft, additional living expenses related to making other living arrangements, medical expenses for treating others injuries on your premises and protects renters from personal liability claims.  Renter’s Insurance provides protection and peace of mind allowing you to recover quickly after devastating events such as fire and water damage.