Why Do We Need Renters Insurance?

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   Great question! Renters insurance is a good way to protect you from loss. If your rented home burns down, the landlords insurance covers his loss of the house, but not your things in the house when it burned. Renters insurance covers your investment in those things. If a burgler kicks in your apartment door, and steals all of your stuff, the complex's insurance will cover only the cost of repairing the door. Unless you've got a ton of money laying around to replace all of the things that were stolen, you're out of luck. A good renters policy will help you get those things replaced. Look for a policy that offers "replacement cost" if possible. If you would like more information, please hit the contact me button, I'd be glad to help. Thanks for asking!

   Answered on April 12, 2014

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