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YoungMoney: The case for renters insurance

My house was broken into and robbed Thursday while my roommates and I were at work. The silver lining is that our landlord required us to ...

My house was broken into and robbed Thursday while my roommates and I were at work. The silver lining is that our landlord required us to get renters insurance before we moved in. If you're a renter, you should definitely have renters insurance. It's easy to get, affordable and will cover the cost of replacing your more expensive belongings. Your employer may even have a partnership with an insurance provider so you can get a cheaper rate than you might find online. Compare it with quotes from companies such as Allstate or Geico. You'll have to estimate the value of your belongings to decide how much coverage you want. The company will give you a quote based on that amount. It shouldn't cost much more than

$100 a year unless you have a lot of expensive things.
Source: usatoday.com

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