There are all sorts of reasons people refuse to buy renters insurance--let alone regularly compare renters insurance quotes.
Many believe that their landlord's insurance covers them, their possessions, and their liability. Many also think they don't own very much. Or they think they don't own enough for renters insurance worth the cost. So, they don't compare renters insurance prices.
Renters insurance is a way for people that rent apartments or lease their homes to protect their things.
Your landlord's insurance only covers the building structure. This means the walls that surround you and your stuff, basically. Your personal property is not included in its protections.
Renters insurance covers your possessions if they're stolen or are destroyed by fire, water damage, or other similar disasters. It also provides liability coverage in the event someone is hurt while in your apartment or rental home. But if you haven’t invested in a renters insurance policy, you're on your own.
Renters insurance also covers the contents of your car. Aftermarket stereo equipment, laptops, purses, wallets, and other valuables are covered in the event of theft or other loss. That's because renters insurance protects your stuff wherever they are whether they're in your car, apartment, or a storage unit!
The good news is that even the best renters insurance premiums are cheap. But they provide tens of thousands of dollars’ worth of coverage for your belongings and liability. Special “floaters” can help you protect items worth more than $1,000 like your new big screen HDTV. All this protection costs only a few dollars a month.
Even better: Renters can be even more affordable when bundled with other forms of insurance like auto, home, and life. Get a free renters insurance quote from multiple companies and compare prices. You'll see how easy it is to protect your property.