Do You Need Renters Insurance? Factors To Consider

Oct 4, 2024

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If you’re a new tenant, landlords will often require you to have a certain level of renters insurance coverage. Even if it’s not required under the terms of your lease, it might be a good idea. We’ll go over some considerations if you’re asking yourself, “Do I need renters insurance?”

Do You Have To Have Renters Insurance?

While no law requires renters to have an insurance policy, you may be contractually required to have it. Even if you aren’t, you may want renters insurance because it protects your personal property, often even in the event of theft.

Also, it can protect you if someone is injured on your property. Further, you can buy coverage to pay for temporary living arrangements if your current apartment is unusable.

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