Most people wouldn’t consider going without home or auto insurance, yet many go without renters insurance coverage. According to a 2013 Insurance Information Institute survey, 96% of homeowners have insurance while only 35% of renters had coverage.
Why such a disparity? Probably because of the many misconceptions about renters insurance – surrounding everything from price to coverage. Some renters assume they are covered under their landlord’s policy – but the landlord is only protecting his interests. Some renters might not think their possessions are worth insuring – but they may not really know just how much stuff they have. Some renters don’t realize everything that’s covered.
Regardless of which category you’re in, here are 11 reasons why you should have renters insurance.
