In one of the forums I participate in, I came across a question regarding renters insurance and whether it’s worth the extra cost. There were many answers supporting each side of the question. Some commented that it wasn’t worth the extra expense because, really, how often do you get burglarized, flooded or have your apartment catch on fire. Others noted that the benefits of having it outweighed the expense-even if you don’t ever have to use it. So let me interject some of my opinions….
I personally feel safer having renters insurance. The peace of mind alone is worth the annual cost of $140. With that being said, I’m about 80% sure I’m never going to need it. However, hearing the stories on the news about fires that have engulfed an entire apartment building reassures me that I made the right choice. Whether I actually use it or not, I know that I am covered and that gives me peace of mind. Also, as one forum participant commented “it’s not just the insurance on your stuff, but also covering you for liability”. This is important! If someone gets injured in your home, having renters insurance will protect you!
Category: Apartment Life