Should I get rental insurance for my apartment?
Posted on Nov 03, 2008 under Insurance Information |I don't have any expensive appliances. I only have used funiture and my clothes. Lately I have seen a lot of apartment fires on the news and now I am indecisive about getting rental insurance for my apartment.
November 3rd, 2008 at 6:38 am
Yes. You should. If you have auto insurance, generally when you package the two together you get a discount. Also, renters insurance covers liability, and personal items you have at home or in your car. Its generally very inexpensive too.
November 3rd, 2008 at 6:38 am
Definetly, it is very affordable. While you may never have to use it, the minute you do it will become worth it, you will be so thankful you had it. No one plans on a fire or a flood. It is not only your apartment you are responsible for either, should you leave the oven on and burn the whole place down you are responsible for all the damge. I am sure you would feel alot better knowing that insurance would cover it. Being in an apartment you are probably just starting out or trying to safe money. Don't leave the door open for all your hard work to be taken away from you because of one accident. Please take the safe route and get insurance, should something happen you will be forever thankful. Good Luck, enjoy your apartment! -Michael
November 3rd, 2008 at 6:38 am
It is a good idea, and it is usually very inexpensive. Keep in mind that the apartment has no coverage for any of your property. It a loss happens, it's all on you. Then again, if the total value of your possessions is less than an annual premium, perhaps not.