When you move into a new apartment you're normally thinking about how to arrange the furniture, but what if that furniture were to get damaged or stolen at no fault of your own? Would you have to pay to replace all of your belongings if there were a flood or fire? A landlord's insurance covers the bricks and mortar of an apartment, but the contents are usually the responsibility of the tenant. Consequently, renter's insurance can be a huge relief when unforeseen damage occurs.
Like all forms of insurance, coverage plans vary, and the more you are looking to insure, the more a plan costs. Talking to an insurance representative will help you determine your needs. If you have a car, it may be more cost-effective to bundle your coverages and work with the same company for your renter's insurance.
We all hope that we never have to cash in on our insurance plans, but when problems arise, we're proud of our forethought.