According to financial experts, a top renter mistake to avoid is not purchasing renters insurance.
Those without it arent compensated for any damage to their personal belongings should events of the sort transpire.
According to Shirshikkov, lack of awareness is a main reason why people dont get renters insurance.
Its less expensive than Netflix per month and provides a lot of protection.
Many people are also unaware that renters insurance is available, he says.
We tapped financial experts to give us all of the insider details about renters insurance.
…
Heres everything you should probably know about it.
How does renters insurance work?
When shopping around for renters insurance, Burgess says to use Google and compare provider rates for different plans.
Additionally, consider taking a look at ratings and reviews from customers and industry experts, he says.
What is The Missionary Sex Position?
What does renters insurance cover?
Personal property coverage ranges between $15,000 and $500,000, perProgressive.
At Lemonade, basic policies of personal property coverage start with $10,000, says Burgess.
At Lemonade, Burgess says personal liability coverage starts at $100,000.
…
This policys coverage limit can be increased at any time and up to one million dollars.
How much does renters insurance cost?
PerNerdWallet, a personal finance company, renters insurance ranges between $8 and $22 per month.
For example, a tenant chose a renters insurance policy with a $250 deductible.
How to file a claim?
Having your home broken into or finding personal belongings damaged is stressful enough.
…
Got it, you’ve been added to our email list.
