As a renter, you have special insurance needs that are not served with a traditional homeowner’s policy. Conexus offers renters insurance policies that will provide insurance protection for your furniture, appliances, clothing, and other personal possessions.
What is renters insurance and why do I need it?
Renters insurance provides low-cost coverage for your personal belongings, so you can recover from loss, damage, or theft. It also covers your personal liability. Your landlord’s policy covers the building and grounds but will not reimburse you for the costs of your personal items in the event of a loss or cover the costs of injuries or damage that happen inside your apartment space. A renters insurance policy protects you by covering your losses and avoiding out of pocket costs.
Is renters insurance expensive?
Typically, U.S. tenants spent an average of $185 per year for their renters insurance policies. At only $15 a month, this is not an unmanageable expense. If you are fortunate enough to never have to file a claim, the money will have still been well-spent for the peace of mind it can provide.