Many people know that having insurance is a good thing. We all insure our cars in case of accidents or in case they get stolen; we are also all required to get health insurance in case we get sick; and we should all have emergency insurance in the form or an emergency fund. We also know that if we have a house, we need home owners insurance so we’re financially protected in case something happens to the house.
But the one thing that many people ignore is renters insurance. Renters, for the most part, don’t think about insurance because the place they are renting is not theirs or they think their belongings are insured through their landlord’s insurance policy.
Landlords have insurance on the apartments, but only for structural damage, not for the things that are inside the apartment, a.k.a. your things.