Skip Nav
Valentine's Day
50+ Free Valentine's Printable Cards That Aren't Corny
Oscars
A Breakdown of the Oscars Gift Bag Worth Over $200,000 — You Won't Believe What's Inside
Budget Tips
31 Ways Real People Make Extra Income

Renting Basements

Savvy Community: Basement Living Tips

Basement living will definitely be great for your wallet, but is it for you? Readers weighed in on guest blogger LearnVest's piece on staying in the basement of an apartment. Here's what they said:

  • Insurance: It's actually untrue that you probably can't insure your stuff in a basement. You can get renters' insurance that covers you in the case of theft or fire. It will also cover you in the case of flooding due to leaky pipes, etc., but will not cover you in the case of flooding due to weather. No standard homeowners'/renters' insurance policy covers you in the case of flooding due to weather, a separate flood insurance policy that is underwritten by the federal government is required. This is part of why there are always arguments with/lawsuits involving insurance companies after hurricanes. If something like a falling tree or high winds caused the damage to your property, your homeowners insurance covers it. If the damage was actually caused by water, you need flood insurance. —
  • Bugs: I lived in an "English basement" apartment with several roommates in Washington DC. It did feel stuffy at times but there were small windows throughout, some with flowers in front of them. The biggest complaint I had were bugs. Bugs live in basements, people. Especially in rainy/cold regions. No matter how many times you fumigate. Watch out! —

 

 

Around The Web
How to Casually Wear Heels
How to Care For Hardwood Floors
Why You Should Date a Funny Guy
Pigeon Peas Rice With Sausage Recipe

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

Join The Conversation
Latest Career & Money
X