The same rule of
thumb applies to renters as to homeowners. If
catastrophe struck tomorrow, could you afford to
replace everything you own? Or if you were sued,
would you have enough money to pay legal fees and
possibly settle the suit? If not, chances are you
would benefit from the protection that renters
insurance brings.
Renters insurance
offers the same general personal property coverage
and liability protection as a homeowners policy.
Thus, your camera is insured while you are on
vacation, and you are covered if your grandfather
clock crashes into the apartment lobby's wall and
leaves a gaping hole. In fact, most policies are
surprisingly extensive and may include additional
living expenses (also called loss-of-use coverage)
if you are forced by fire or other damage to live
elsewhere.
(This information is provided to Badger Mutual Insurance Company
by the Independent Insurance Agents and Brokers of America, Inc. and is
used with their permission. For more information like this visit
www.independentagent.com)
