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Nevertheless, most policies will cover your valuables in the event that certain acts of God cause the destruction of your property. An employee of the apartment complex said that many residents had lost all their possessions. You pay a small amount per month, and in return the insurance company offers to pay you X number of dollars if your apartment is destroyed. Find Out More Information about Different Types of Insurance such as Home, Car, Medical, Term-life, Travel and Renters Insurance. A typical renter's insurance policy will cover you for the following types of damage:. This covers bodily injury to others if you are liable. Recently a large apartment complex near my office had a major fire. The fire doesnt even have to originate from within your apartment. You can lose your furniture and all your property and have no way to replace such items when they are damaged. $23,000 if a fire (or any disaster) destroys my place. Nevertheless, most policies will cover your valuables in the event that certain acts of God cause the destruction of your property. ------------------------------------------------------- Michael Russell Your Independent guide to Renters Insurance -------------------------------------------------------. Note that flood and earthquake damage is not on the coverage list - a standard renter's insurance policy does not cover these types of damage, because these phenomena tend to be restricted to certain parts of the country. If you own an apartment you should well consider purchasing renters insurance. You may want to shop a couple reputable places to compare coverages and price. Especially if you are a college student or recent graduate. The cost is so low there is no good reason not to have a renter’s policy in my opinion. An employee of the apartment complex said that many residents had lost all their possessions. In the Houston area $10,000 of renters insurance typically costs $12 to $16 per month. If you don't own your own home, and are renting instead, you may think that you're covered by your landlord's insurance policy. In the Houston area $10,000 of renters insurance typically costs $12 to $16 per month. You can lose your furniture and all your property and have no way to replace such items when they are damaged. The amount you'll pay for insurance depends on your location, your deductible, the company and policy you choose, and on whether or not you decide to pay for additional coverage. Renter's insurance has another benefit which you may not have considered. A good renters package can provide protection for these risks. Need to get renters insurance quotes? Want to know where to get the cheapest rates? This renters insurance FAQ explains how. With insurance, you may have to deal with some losses, but you will be able to successfully recover from such losses in a little time.
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