Is Renter’s Insurance Worth the Rent?
By Diane Tait Image courtesy flickr Recently we shot a YouTube video that dealt with personal auto and renter’s insurance (which you may view below). So, I thought it would be a good idea to cover the ins and outs of renter’s insurance in this week’s blog. If you rent a house, condo or apartment, you may assume that everything contained therein is covered by your landlord’s homeowner’s policy. That assumption could cost you big were your unit to be burglarized, flooded or burnt up in a fire. Contrary to popular opinion, the only thing that your landlord’s homeowner’s policy covers is the structure and anything like major appliances, rugs and fixtures contained therein that are owned by the landlord. As far as your personal property and furnishings are concerned, you’re on your own if calamity were to strike and you’re uninsured.