| Insurance is just for homeowners. |
If you are renting a home, live in an apartment complex or condominium, or you are a student living in a dormitory, you may qualify for renters insurance. If your roommate has insurance, consider adding your name to their policy so both of you are covered. |
| Renters insurance is more expensive than it is worth. |
With your spare change, you can purchase thousands of dollars of coverage. A typical renters insurance plan costs approximately $125 a year; that's just $0.34 a day. |
| Renters insurance is just "extra" coverage that you really don't need. |
The threat of fire, injury or damage to your property far outweighs the inexpensive programs available to renters. Know your options. |
| What I own isn't valuable enough to insure. |
You probably own a great deal more than you think — furniture, clothing, stereo, television, books, toys, jewelry, sports equipment, appliances, dishes. What would it cost to replace everything in your apartment if you lost it all in a fire or other disaster? |