Does it pay to get renters insurance?

Question

COST $133.00 [I HAVE NOTHING OF GREAT OUTSTANDING WORTH.
COVERAGE 31,000 250 DEDUCT ADD LIVING 12 MONTHS
FAMILILY LIAB. 300,000
GUEST MEDICAL 1OOO A PERSON

Answer 1

If there is ever a fire, you will be grateful that you have it. You might not have anything of great value, but try replacing it without an insurance check.

Answer 2

sure, the owner CAN and could ask that each physique tenants have renters coverage. whether you do not think of you have something of fee, how do you desire to pay for a inn or different costs in the adventure that your place burns down? you stands out as the 1st guy or woman I guess alongside with your darn hand out watching for the owner to grant you $$$ for residing preparations.. or desirous to sue the owner.. LOL Renters coverage is like $10 a month. in case you may not handle to pay for that, you relatively should not be renting a place. And, your remark approximately them requiring it so as that they don't would desire to pay for issues is thoroughly fake! If there is an house hearth or some act of God that ruins your stuff, the owner does not be held responsible to replace your issues. He additionally does not be responsible to place you up in a inn etc. So, your argument holds no water right here. bypass get the coverage. in case you do not elect it, bypass come across a place that doesn't require it. yet, do not ***** or whine while something happens and all your stuff is lost. you're patently typing on a working laptop or computing gadget authentic now.. i assume you does not elect that replaced if there have been an twist of destiny, authentic?

Answer 3

It definately pays off. Especially with a low deductible as yours. When the time comes to buy a house or you've had it for a few years, most companies offer a Claims free discount. Renters insurance covers your personal property anywhere in the world, especially helpful when travelling or any personal items you keep in your car. The only thing that concerns me is Family liability at only $300,000. The standard we issue is $1,000,000. $300,000 doesn't go far now, especially if there's more than one person who's injured. Liability insurance is the best thing to have. Good for you for getting it.

Answer 4

What are the premium per year or per month? If is is per year, yes don't leave home without it.

I know of a situation where the water pile broke and the water leaked into the person's apartment downstairs and damage their dinning room set and carpet. The ceiling cracked and pieces fell on his expensive dinning room set. The owner replaced the celiing and carpet but not the dinning room set.

He called around and found out the owner was right, he should have had renters insurance. It cost him over two thousand dolalrs to replace the dinning room set and chairs. He was out of town at the time and all of the chairs had mildew and stains on the cushions.

Answer 5

Yes, it is worth it. If you lose your stuff because of a fire or break-in, insurance will pay to get those items repaired or replaced. Think about it this way, imagine what a pain it would be to replace all your cds with your own money. If you have say 50, at $16 a cd, it would cost you $800.

Also, many landlords require proof of rental insurance as part of your lease agreement.

Answer 6

Absolutely! Don't even think of doing without it. Imagine losing everything in a fire, or someone being injured and suing you. Well worth $133.00 if only for the peace of mind!

Answer 7

Up the deductible to lower the cost. $250 deductible is WAY too low. I personally felt much better when I took out renter's insurance...

Answer 8

yes I work in insurance. It would suck if some random delivery guy came and slipped and fell and you had to pay liability claims for his medical bills... plus with fire stuff and theft, its better to fork over the 133 a year. Think about it, its like 11 dollars a month. I bet you spend that when you go to the bar for one hour.

Answer 9

We've always rented and have never had renter's insurance and have never needed it. Call it luck... I don't know.
I absolutely hate insurance companies and the games they play, so I hate giving them our money every month. We've been lucky and have never been robbed or had a fire or flood.
If it'll make you sleep easier at night knowing that you have insurance, then I'd get it. I just tend to believe that insurance is one big racket!
Is the $133 per month or per year? If it's per year, then I'd go for it. But I doubt if it is.

Answer 10

Yes it is definitely worth it. I didnt think so either, but I worked at an adjusting firm where they handled fire losses. You may not realize this, but you may have alot of stuff thats very valuable. All of the things that may mean nothing to you now will mean a great deal to you in the case of a fire. The premiums are low and I think it is really worth it.

Answer 11

For the liability portion of the policy alone pays for itself. Just in case of a law suit keep the insurance.