Why Every Renter Needs Renters Insurance Before They Move In
When you’re renting an apartment, condo, or single-family home, your landlord may or may not require renter’s insurance before signing the lease. Even if your landlord doesn’t require it, however, you may still want to take out this insurance as a precaution against the potentially devastating consequences associated with personal property loss/damage and even the unlikely (yet possible) circumstance in which the residence becomes uninhabitable. Renter’s insurance can be a financial lifesaver in some cases, yet only one-third of renters actually take out a renter’s insurance policy (and many could be doing it solely because their landlord required it). Whereas a vast majority of homeowners have homeowner’s insurance – likely because mortgage lenders require it and some states even have … Read more
