Comments on: Renter’s Insurance – Is It Worth the Cost?

By: SteveTinFC

SteveTinFC — Thu, 20 Mar 2008 22:27:13 +0000

Let me just echo the comments here and in Jen’s article. When my wife and I were renters (15+ years ago … yikes!), we would never think of anything other than having renters’ insurance. Although we were only 23 when we got married, we knew that we’d be up “cripple creek” if we were not protected financially. In some regards, I think the insurance is of the same if not more importance than homeowners insurance (which you have to have anyway, right?). Think about it … without renters’ insurance, you are placing all your “stuff” at risk and relying upon some absent property owner (many of whom you only know by address and zip code) to make sure they are keeping their property up to code and protected in case of fire. No way baby … I’d be taking proactive measures to mitigate my risk of loss while on someone else’s property. Just say YES to renter’s insurance!

Steve in FC

By: Jennifer Selvitella; Local State Farm Insurance Expert

Jennifer Selvitella; Local State Farm Insurance Expert — Wed, 19 Mar 2008 18:23:45 +0000

Hi David and Michael..

Yes, it is true that renter’s insurance covers an awful lot for very little. It would make a great gift for your son! As for the tenants in the Mission fires, a very sad and all too common situation. I always recommend to my clients who own rental property, to include in their lease agreements a requirement for renter’s insurance. It not only protects their tenants for catastrophe’s such as fires, but gives them the liability protection. Many renter’s believe their belongings are covered by their landlord’s policy an unfortunate misunderstanding…

By: Michael

Michael — Tue, 18 Mar 2008 14:34:34 +0000

Was watching the news last night about the fire in the Mission last night. They mentioned that most of the displaced tenants did not have renter’s insurance. What a shame !

By: David L.

David L. — Mon, 17 Mar 2008 22:43:37 +0000

I had no idea that renters insurance covered all of this for so little! I think buying some for my son in his new apartment will make a great “housewarming present.”