Ask This When Signing Up for Renters Insurance
Acquiring renters insurance is one of the most overlooked and undervalued aspects of renting a property. Some renters don’t believe they need to purchase coverage, while others simply don’t know it exists. Most of the time people don’t realize they need renters insurance until they have experienced a loss or damage.
According to the Insurance Information Institute, only 30 percent of renters are covered by renters insurance. In the unfortunate event that a fire or theft occurs, most renters will not be financially protected against the damage.