Comments on: Why Every Renter Needs Renters Insurance

By: Laurie TheFrugalFarmer

Laurie TheFrugalFarmer — Sat, 13 Jul 2013 11:51:18 +0000

That storm was a doozy, wasn’t it, DC? Yes, I would highly recommend that all renters get renters insurance. It’s SO cheap, and well worth the money when you think about how much stuff you have in your apartment/house. Great post.

By: ForHerByHer

ForHerByHer — Thu, 11 Jul 2013 01:39:07 +0000

There are so many benefits to having renters insurance that it surprises me most how many people don’t take advantage of it. Even when I was in college, the first thing I did after renting a place was get insurance. I just took for granted that everyone did.
I rented my condo a few years ago and insisted my tenants had renters insurance and didn’t rest until they showed me proof of insurance … I was THAT paranoid :)

By: LifeDollarSense

LifeDollarSense — Wed, 10 Jul 2013 19:03:52 +0000

Great post! I just moved cross country to New Orleans and I am getting my renters insurance set up right away. It protects a tenant from so many issues.

By: OutlierModel

OutlierModel — Wed, 10 Jul 2013 04:31:34 +0000

We insist that our tenants get tenant insurance. It’s for their own good! Our insurance only covers the structural aspects of the condo – not their possessions. If there was ever a fire or theft, they’d be out of luck without insurance.
When there was a fire in our apartment a few years ago, Brian and I didn’t have insurance. It was a huge, painful ordeal. Never again!

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 10 Jul 2013 03:14:27 +0000

In reply to RFIndependence. RFIndependence That's a great idea to have them sign the form. Structural damage is also covered for our house but none of our renter's possessions.

By: RFIndependence

RFIndependence — Wed, 10 Jul 2013 01:00:13 +0000

I don’t think any of my tenants has it. But for major damage (structural) I do have insurance. It won’t cover their belongings if they get flooded. I have them sign a contract to say I am not responsible if they don’t take it.

By: StudentDebtSurvivor

StudentDebtSurvivor — Tue, 09 Jul 2013 23:44:07 +0000

I know it’s “bad” but we never had renter’s insurance when we were renting. Now we have homeowner’s insurance of course, but if we’d had a bad storm and lost everything (like many people did here during hurricane sandy) we would have been totally screwed.