RHC News Blog

Renters Insurance


Why would a tenant need insurance? Let me count the ways!

  1. The landlord’s insurance doesn’t cover any of your belongings if they are damages from water leaks, fires, any other disaster or mishap.
  2. You may need something to cover damages if you cause an accident.
  3. It is possible that a guest could injure themselves in your home and ask for health care expenses to be covered.
  4. If your belongings are stolen, you would have some coverage to replace them.
  5. The average cost is between $100 and $180 per year. That’s cheap if you think about replacing one laptop, not to mention a bed, couch, clothes, TV’s etc.

Shouldn’t the landlord pay for insurance? They do!!! It covers their own belongings, equipment and the building itself. If you cause a fire, their insurance may actually sue you for the cost of damages.

In a recent US News article, Nicole Schreck says, “You can’t afford to skip renters insurance” and she is right. Read her article and go get some insurance!