Should I get renter's insurance?

Renter's insurance is not required when renting a property; however, depending on the value of the belongings that you keep there, you may want to consider it.

  • Renter’s insurance is relatively inexpensive to buy.
  • It will cover your losses if you are the victim of robbery.
  • It will cover damages in case of a fire.
  • It does not cover flood.
  • It may be purchased on discount through your auto insurer.

Some insurance policies impose limits on the amount they’ll pay out for some items, like electronics, so it’s important to read your terms carefully. For more information on renter’s insurance, find an insurance office near you or contact your auto insurer to inquire about expanded coverage.

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