How Much Renters Insurance Do I Need?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
     “What can you lose?”  The easy part is to figure out what personal property is located in the rental unit.  How much will it cost to replace it?  Don’t forget clothes.  The second part is more difficult.  You can be sued for bodily injury and property damage that happens in your unit.   How much would it take to pay that bill?  Those are the two major determinants of the price of a tenant’s policy.  A competent insurance agent will walk you through these questions and then make a recommendation.
    Answered on March 5, 2014
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