How Much Should Renters Insurance Be?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    If you live near me you could expect to buy a renter’s policy with a limit of $25,000 of personal property coverage and $300,000 of liability coverage for about $15 per month.  Having said that, each policy is individually underwritten and premiums vary.  Setting the limit is the key issue, not the premium.  Get help in setting the right limit and you will be particularly happy if you have a major claim.
    Answered on August 13, 2014
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