Is renter's insurance worth it?

I have it!!! LOL so its got to be worth it!

Yes, renters insurance is worth it.

Acermill is correct. A renters policy provides liability coverage. So, if you cause a grease fire and damage the building or your dog bites someone, you are protected.

As far as protecting your property goes, renters can really pay off. I had a pipe burst in the ceiling of my apartment. My renters insurance paid out $10,000 to move all of my property out of the apartment, clean it, dry it, inventory the damaged items and bring my property back into the new unit. I consider the premium I paid for my renters coverage to be money well spent.

Whether you hate insurance (cough-stupid Republicans) or love it, renters insurance is one of the least expensive and most valuable insurances you can purchase. Why ? Because it is not just YOUR possessions which are covered. If either you or your roommate should accidentally start a fire which causes a $50,000 loss to your landlord, of course his insurer will reimburse his loss. THEN his insurer is going to come after YOU with a vengeance, looking to recover that $50,000. You want to risk a $50,000 millstone around your neck for a lousy $250 a year ? Think about it.

Some people love insurance (cough democrats), some people hate insurance.

My stuff was never worth more than $500.

If they wanted my mattress they could take it.

Do you have a lot of valuables around?

Then I would consider the insurance.

Perhaps you could get another quote from a place.

Try Geico.com - I've found them to be the cheapest in everything.

He might have told them that the stuff was worth 1 million.

Who knows what he did - that premium you're paying is too high.

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