In short, no.
I never really thought of it in this way but when a landlord is requiring you to get renter’s insurance, they’re really passing off more of the cost of protecting the property to you. See, without insurance, if something happens while you’re there that could be attributed to you, the renter, it’s [...]
Jury selection has begun in a case of one Katrina victim versus Allstate in which the homeowners claimed that the insurance company didn’t pay out enough. The crux of the argument is that Allstate didn’t cover flooding on their standard policies, the homeowners had water damage but it’s difficult to clearly prove it was wind [...]
I was just talking to a friend mine who just bought a townhouse and he was telling me he got a quote of $400 per year for homeowner’s insurance from Liberty Mutual compared to my own bill of about $600 a year. Now, granted his situation is going to be different (different home, different neighborhood, [...]