Why Is Renters Insurance So Cheap?

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   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   Renters insurance is probably the single most affordable insurance on the market that delivers the most coverage. Renters insurance premiums are low because insurance carriers have a positive loss experience with renters polices. Also renters polices are not insuring dwellings so there is a difference in that respect. The liability alone that you get from a renters insurance policy  is worth the price you pay. There really is no excuse to not have renters insurance but unfortunately to many  people get caught without this coverage and suffer the ramifications of a loss. I have known clients who refused to buy renters insurance because they believed nothing would happen to them just to see them suffer a heavy loss and all to save a few dollars. There is also a great and common misconception that that landlord will cover the loss. This is absolutely not true.

   Answered on June 28, 2013

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