Skip Nav

Is Renters Insurance Worth It?

Do You Have Renters Insurance?

Although I've never had anything happen to me in my home that would warrant using my renters insurance (knock on wood), I think that my low-cost investment is quite valuable. If disaster strikes, my possessions will be protected, which the landlords insurance won't cover.

The average renters insurance costs between $15 and $30 monthly, according to the National Association of Insurance Commissioners. Compare that with the costly possibility of having to replace your damaged priceless possessions. Being insured covers a wide range of items, from electronics to jewelry to clothing.

I'm wondering — do you have renters insurance?

Source: Thinkstock
Latest

Download our new Selfie app!

Go to App Store
+