People who rent: do you have renter's insurance

[Arcadio]

I just found out that it's super cheap (like $10 per month). It covers theft, fire damage, flood, and even injuries that your guests might incur.

 

[Cuular]

Yes, I pay a little extra to cover some high-end electronics, so far haven't had to use it to cover anything.

 

[Svnla]

Yes. The landlord (regional apartment company with several complexes in different cities/states) required all tenants to have one.

 

[sttubs]

We carried it when we were renting too. Depending on where you live it seems like a lot of apartment buildings are in higher crime areas.

 

[Brainonska511]

Yes. It's dirt cheap and offers a little liability insurance on top of the property insurance.

 

[DaveSimmons]

Yes, with State Farm for around 20 years now. I get small discounts for no claims and for living in a secure building.

The $100K liability makes it worthwhile in case the pizza guy slips and breaks his leg.

 

[RossMAN]

We longer rent but when we did it was ~$15/mo for comprehensive coverage. IIRC we also received a multi-policy discount with our auto.

Now we have homeowners insurance + auto + umbrella is a little more expensive.

 

[midnight growler]

Yeah it was cheap enough that it really made sense when I rented.

 

[CraKaJaX]

Absolutely. Cheap and 100% worth it - no matter what you own. Stuff adds up when you get down to the details.

 

[amdhunter]

Yes - am I had to use it a year or 2 ago, I don't remember. I made a thread about it - it totally paid off.I had a huge deductible, but the money really helped out after my apartment was completely destroyed in a flood. I was able to replace my bed, laptop, had my furniture cleaned (looks better today than when I bought it even) and just seriously saved my pockets.

I would never live without it for the small fee every month.

 

[NetWareHead]

All of my tenants are required to have one as per the lease. Cheap and it gives them an avenue to pursue reimbursement from their own insurance company in the event of damages rather than from me.

 

[cbrunny]

obviously yes.

 

[Darwin333]

When I rented I absolutely had renters insurance. It was so dirt cheap that it seemed almost silly not to have it.

 

[Darwin333]

Absolutely. Cheap and 100% worth it - no matter what you own. Stuff adds up when you get down to the details.

I had a few friends think that they didn't need it because they said they didn't own many expensive things. People like that arguably need it the most because typically they make less money and would be even more screwed if they lost all of their possessions than someone making a lot more money. Regardless, losing all of your stuff in a fire, flood or whatever would be in a world of hurt if they don't have insurance. Hell just replacing everything in a room or two would take me quite a while and I make decent money.

 

[Younigue]

Don't rent any more but when we did we always had Renter's Insurance. Inexpensive and completely worth it.

 

[dr150]

Absolutely it's worth it. It's cheap and covers all sorts of stuff. Remember than an apt. building that has many people can catch fire from a neighbor or you could be robbed (happens more than you think), etc.

Actually, many apts. nowadays require you to have it before signing the lease--and that's a good thing.

Make sure to use a reputable insurer like Amica or USAA.

.........Also, if you have any sort of savings, get Liability Insurance as you can get sued by some asshole walking his dog across your space, get injured and sue you.

 

[nakedfrog]

All of my tenants are required to have one as per the lease. Cheap and it gives them an avenue to pursue reimbursement from their own insurance company in the event of damages rather than from me.

This is how it is where my GF rents, required (and cheap).

 

[WhoBeDaPlaya]

Yes

 

[Svnla]

At the apartment I was at, it was required for all tenants to have renter insurance and keep it current.

 

[BoomerD]

Don't rent any more but when we did we always had Renter's Insurance. Inexpensive and completely worth it.

This.

 

[ponyo]

Lemonade sells renters insurance through their app. I'm curious if anyone here have Lemonade as their renters insurance.

 

[Scarpozzi]

I didn't carry it when I rented, but lived in a relatively safe complex (due to its rent pricing and neighborhood tenants). There were enough folks around that lived in the units that I knew people were watching my stuff when I wasn't around....not that I had much back then.

My cousin, however, lived in Ft. Lauderdale. He got robbed of just about everything. They packed his suitcases with his computer, silverware, dvd player, stereo (yeah, this was around 2000). My recommendation is to get the insurance. Depending on where you live, there may be people that show up and watch your door from 7:30am to 9am.

If they think you live alone, as soon as you leave, they break in.

 

[Brainonska511]

I didn't carry it when I rented, but lived in a relatively safe complex (due to its rent pricing and neighborhood tenants). There were enough folks around that lived in the units that I knew people were watching my stuff when I wasn't around....not that I had much back then.

My cousin, however, lived in Ft. Lauderdale. He got robbed of just about everything. They packed his suitcases with his computer, silverware, dvd player, stereo (yeah, this was around 2000). My recommendation is to get the insurance. Depending on where you live, there may be people that show up and watch your door from 7:30am to 9am.

If they think you live alone, as soon as you leave, they break in.

RI can also protect beyond theft: fires, water damage, and even give you liability insurance.

 

[Scarpozzi]

RI can also protect beyond theft: fires, water damage, and even give you liability insurance.

Yes, but out of those, I feel like theft is more likely than the others based on the cases I know of.....though you never know.

I had about $10k of my belongings jacked from a storage container 12 years ago. I didn't have insurance and gave up on recovery from the way the police handled the report. I'm still traumatized and wish I could shoot the assholes in the head that did it and leave them for dead....just because it's wrong to steal.

 

[Brainonska511]

Yes, but out of those, I feel like theft is more likely than the others based on the cases I know of.....though you never know.

I had about $10k of my belongings jacked from a storage container 12 years ago. I didn't have insurance and gave up on recovery from the way the police handled the report. I'm still traumatized and wish I could shoot the assholes in the head that did it and leave them for dead....just because it's wrong to steal.

That sucks - I'm sorry that happened to you.

For sure theft is probably the more likely things you need to cover for, but other events may be rare, but catastrophic. Fire coverage means replacement stuff for when your house burns down and some coverage for temporary living arrangements. Liability is good as well, especially if you have some personal assets to protect, in the event of some larger incident that someone could try and go after you for.