You may think that, because you don't own a home, you don't have anything at risk. Nothing could be further from the truth. The only difference between a homeowner and a renter is that a renter doesn't own a building. You still have personal property(your stuff) and you still have a liability exposure. A renters policy is just a homeowners policy without the building coverage. It will cover your stuff if it's stolen or damaged in a fire, just like a homeowners policy will. If someone gets hurt in your home, it will cover you just like a homeowners policy will.
Now, be smart insure yourself properly. You'd be surprised how much it would cost to replace all your stuff. A good agent will help you choose the right limit. You can even estimate it yourself. Allstate has a great tool on their website to help you estimate what your stuff would cost to replace(no, I'm not an Allstate agent, I just like their tool). Notice I said "replace". This is an important distinction. if your stuff is damaged, it can be replaced with new, not depreciated. Be sure to ask for replacement cost coverage on your personal property. Next, pick the right liability limit. Be sure it's high enough to protect all your assets. Don't skimp here. Liability coverage pays if you are deemed negligent and these lawsuits are seldom small and higher limits are extremely inexpensive.
Be smart and find an agent you can trust. If it costs a little more, pay it. Choose your agent first, then listen to him/her. In the long run, you'll save money.
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Now, be smart insure yourself properly. You'd be surprised how much it would cost to replace all your stuff. A good agent will help you choose the right limit. You can even estimate it yourself. Allstate has a great tool on their website to help you estimate what your stuff would cost to replace(no, I'm not an Allstate agent, I just like their tool). Notice I said "replace". This is an important distinction. if your stuff is damaged, it can be replaced with new, not depreciated. Be sure to ask for replacement cost coverage on your personal property. Next, pick the right liability limit. Be sure it's high enough to protect all your assets. Don't skimp here. Liability coverage pays if you are deemed negligent and these lawsuits are seldom small and higher limits are extremely inexpensive.
Be smart and find an agent you can trust. If it costs a little more, pay it. Choose your agent first, then listen to him/her. In the long run, you'll save money.