Top 3 Reasons to Have Renters Insurance

If you’re renting an apartment or a house and don’t have renter’s insurance, you are most assuredly not alone. According to several sources only a small amount of tenants in the U.S. have renters insurance. And this, by the way, is despite the relatively low cost of having such coverage. A study revealed that the average cost of renters insurance is around $180 per year or roughly $15 a month (depending on your valuables). This is a small price to pay given the peace of mind that it offers if disaster strikes. But still, purchasing renters insurance is a very low priority for many people. For some, it is not a consideration at all. Here are top 3 reasons to have renters insurance.

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