Should I Worry About My Insurance Limitations?
Often with renter’s insurance, you can get a policy at a pretty reasonable price for the year, could be a hundred and something dollars, not a crazy number.
The thing you have to be careful about is what the coverages are. For instance, if renter’s insurance provides only $10,000 worth of coverage for your personal property, that may not be sufficient to cover all of your property. You have to take into account your clothes, your furniture, any expensive items, if you own musical instruments, if you own very expensive video equipment, if you have jewelry. Those could easily exceed that $10,000, which is kind of the minimum that you can get for renters’ insurance. So, you want to make sure that you’re properly covered.