If you own a home, your personal possessions are covered by your homeowner's insurance. If you rent a house or apartment, what happens if your things are stolen, burned in a fire or damaged by an act of God? Unless you have a renter's insurance policy, you may literally be left out in the cold.Renter's policies can be purchased from most insurance companies for around $100 a year for about $10,000 coverage and can be broken into four to twelve payments. If something happens to your belongings, the insurance company will reimburse you for your loss. You may think that you don't own $10,000 worth 0f household items but stop for a minute and think about how much it would cost you to replace all of your clothing, electronics, housewares and furniture.
As with homeowner's insurance, floods are not covered by renter's insurance policies so consider getting a supplement if you live in a low-lying area prone to flooding rains or rising waters. Sleep tight tonight, and every night, knowing your stuff is protected with renters insurance.
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