Reasons Why You Should Get Renters Insurance If Living in an Apartment Complex


Many renters wonder, “Should I buy renter’s insurance?”

New renters often view buying insurance to protect their personal property as adding yet another monthly bill to the pile growing on the kitchen table. Unfortunately, if they don’t buy this insurance, they’re rolling the dice and gambling that nothing will ever happen to their personal property.

But let’s face it – fires happen, burglaries happen, stuff happens.

The National Fire Protection Association says cooking is the leading cause of home fires. Unless you can afford to eat out every day, you probably do some cooking at home.

According to the FBI’s 2009 crime statistics, the average dollar loss per burglary in 2007 was $2,096. A burglary happens every 14 seconds in the U.S.!

“Stuff” happens? You bet. On July 12, 2011, a lit cigarette fell into a plastic bucket being used as an ashtray on a fourth floor balcony of a Bellingham, Washington apartment complex. The cigarette ignited the contents of the bucket. The bucket started burning and some nearby items caught on fire. Those flames heated up a nearby propane tank and that caused a huge explosion. From there, the fire quickly spread throughout the building. Make no mistake about it – fires, burglary, and stuff happens!

You’ve worked hard for the things you own and all those things can be at risk for a variety of reasons. Don’t assume you don’t need to buy renter’s insurance because your landlord’s insurance policy will replace all of your personal property in the event something does happen. Without renter’s insurance, you’ll be the one who’ll have to pay to replace all your belongings.

Think about how much your TV cost. How about your Xbox? Your computer? What about your clothes? iPod? iPad? iPhone? It adds up pretty fast, doesn’t it? Renter’s insurance that protects your personal property will reimburse you for loss or damage to all the things you’ve worked hard to get.

The next time you think, “Should I buy renter’s insurance?” remember that the answer is yes! So whether you’re renting an apartment, condo or house, keep in mind it’s always better to be safe than sorry.

To buy renters insurance online is only one half the equation that makes up a whole strategy that must implemented to protect one’s home and belongings. The most fundamentally important thing to do, however, is to take commonsense measures to protect yourself. Sure, it is the right thing to buy renters insurance online at a reasonable cost for peace of mind, but it is also critical to remember that an ounce of prevention is worth a pound of cure.

The unexpected can happen to anyone. And if it does, those without insurance will be left with an out-of-pocket expense. Have peace of mind knowing that your possessions are covered and buy renters insurance online today.

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