FIN 101 Lecture 19: Renter’s Insurance- Don’t Forget To Get It
16 Aug 2020
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Your landlord"s insurance policy doesn"t cover your personal property. This means that if your apartment burns down or someone takes your stuff, you won"t get anything back unless you have renter"s insurance. Renter"s insurance protects you against loss or damage to your personal property. Think about all of your personal property and what you need to protect yourself from any potential loss: deductible: It also protects you against any huge losses: replacement cost: It costs a small amount more but gives you the ability to actually replace the value of the item with no deduction for deprecation: inventory: Take inventory of all the things you have and own. Videotaping all your belongings helps to prove things if you need to claim a loss. The good news is that renter"s insurance is inexpensive to own. It shouldn"t cost you more than a couple hundred dollars every year.
