How Much Renters Insurance Do We Need?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    If you are purchasing a renter’s policy to satisfy a landlord, the requirement will be spelled out.  If not select the highest possible liability limit in case you are sued.  Then, inventory your personal property that will be in the rented unit.  Alongside each item estimate the cost of replacing that item.  With a sum of the values you will have an appropriate limit for the personal property portion of the renter’s policy.  Now, contact a good insurance agent and trust the agent in this process.
    Answered on June 18, 2014
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