Why don't some residents purchase renters' insurance?

• They falsely believe that their landlord carries insurance that will cover them and their belongings.
• They have never really thought about it because nobody has made them aware of it.
• They think they can't afford it.
• They think the value of their belongings is too insignificant to be of concern.
• They would rather gamble that the premiums that they would pay over time would exceed whatever benefits they would receive.

What types of losses might renters' insurance cover?

• Fire damage only or fire damage plus much more.
• Your personal belongings that are damaged or stolen on the premises
• Your personal belongings when they are off the premises, such as golf clubs or a camera stolen out of your locked car.
• Muggings, forged checks, or stolen credit cards.
• Personal liability in case you are negligent as a tenant.
• Personal liability for non-auto bodily injury claims brought by others.

Renter’s insurance may be purchased through all the major insurance companies including State Farm, Allstate, and Farmers. Rates vary but are typically around $90 annually for $20,000 worth of personal property protection with a $250 deductible. Liability protection for such a policy is around $100,000.