Untitled-2Many incorrectly assume that their landlord’s insurance policy will cover their belongings in the event of a fire or that renters insurance is simply too expensive. Liability protection, is important if someone was injured at your rental and sued you. With renters insurance, your legal expenses and any court award would be covered, generally up to a plentiful limit. Coverage often provides living expenses should you have to move out of your apartment.


  • Nearly two-thirds of Americans, or 64%, believe they are less likely to build wealth by buying a home today than they were 20 or 30 years ago. And nearly 43% said buying a home is no longer a good long-term investment.
  • Historically, owning a home has been considered an essential part of achieving the American Dream. However, the housing bust, with its explosion of foreclosures, changed all that.
  • 1 in 3 Americans are spending too much on rent and now live in a housing market where rent for a three-bedroom eats up more than 30% of the monthly median income.
  • Most renter policies cover damage from routine weather events such as wind, rain, heavy snow, and lightings. So are losses related to fire, smoke, vandalism, or theft.
  • Renter’s insurance is less expensive than many people realize: a basic policy can cost as low as $150 a year.