Arob
New Member
Tenant's insurance - is it worth it?
Who has tenant's insurance? Nobody I know. Yet everybody tells me to get some - its like a knee jerk reaction when we watch the CNN coverage of the hurricanes - but the truth is those guys probably arent even covered for that!
If you are a renter and you have a policy, I'd like to know why ??? and do you feel like you are getting ripped off?
Hardly anyone has tenant's insurance, which is different than homeowners insurance and that's because the deductible is usually $1000 which is often more than most individual home furnishings in a rented apartment are worth and they don't cover a lot of things - read the fine print.
At over $300+ bucks a year + 1K deductible, how much value / risk is it really worth? I just hope my apartment doesn't burn down at Christmas time, and I end up on the news and there's a Facebook page for me...
Who has tenant's insurance? Nobody I know. Yet everybody tells me to get some - its like a knee jerk reaction when we watch the CNN coverage of the hurricanes - but the truth is those guys probably arent even covered for that!
If you are a renter and you have a policy, I'd like to know why ??? and do you feel like you are getting ripped off?
Hardly anyone has tenant's insurance, which is different than homeowners insurance and that's because the deductible is usually $1000 which is often more than most individual home furnishings in a rented apartment are worth and they don't cover a lot of things - read the fine print.
At over $300+ bucks a year + 1K deductible, how much value / risk is it really worth? I just hope my apartment doesn't burn down at Christmas time, and I end up on the news and there's a Facebook page for me...