Why Buy Renters Insurance?
How does buying renters insurance protect you? Well, imagine that the home you’re renting is destroyed by a fire. The owner of the building is insured and is soon able to begin rebuilding the structure. You, however, had no renters insurance and thus no coverage for your personal property. That means you need to pay to replace your television, computer, dishes, clothes, books, jewelry, and everything else you own. In addition, you have to pay to live someplace else while your rental home is being redone.
