Here are two frequently asked questions about renter’s insurance.
1. Is renter’s insurance necessary?
Yes, if you want to protect your property and interests. Renter’s insurance protects your personal belongings for just a few dollars a month. The average cost for a renter’s policy is $189 a year; roughly $16 a month.
2. Doesn’t my landlord have insurance?
Yes, however, the landlord’s insurance covers damage to the building and the landlord’s property–not your personal property.