Home Insurance Guide

According to the Insurance Information Institute, “renters are 50 percent more likely than homeowners to be victims of burglars.” Despite this glaring statistic, 96% of homeowners have homeowner’s insurance (likely because its mandated by their lender), only 43 of renters have insurance (likely because it’s often not mandated by the landlord). This is especially scary when you consider the fact that any building related insurance won’t cover a renter’s personal property, the very thing that burglars are going to be stealing in the first place. Another scary point to be aware of is the fact that renter’s insurance is notoriously cheap, often only $10 a month. In addition to personal property protection, renter’s insurance will give the renter some liability protection as well – so they won’t be poor if someone slips in their apartment.