Debunking common insurance myths – Tenant’s insurance
Sep 5, 2014 1 minute read
I am a renter and don’t have many belongings. It is not worth it for me to get Tenant’s Insurance.
People greatly underestimate the kind of financial assistance they would need should their belongings get damaged or lost. As well, the liability portion of your property insurance is probably the most important component of your policy. You may be responsible for causing damage or injury to another person or their property. If sued, your property insurance can protect you against financial devastation. Plus, your landlord’s insurance does not cover your personal belongings.