Protect Against Damage/Theft

Lego Knight on a desk
Help mitigate risks to your personal belongings by getting renter's insurance.


Key Points

  • Get renter's insurance if you are paying rent.
  • Renter's insurance can save you tons of money in the event of a natural disaster, theft, and more.  This is especially true in the case of musical instruments, expensive electronics, appliances, furniture, etc.


The Importance of Renter's Insurance

If you are going to be living in an apartment or paying rent anywhere, get renter's insurance.  

You are at a point in your life at which it would be financially devastating to have to pay any losses due to theft or damage.  In other words, in case of a natural disaster, unfortunate bathroom leak, fire, theft, etc., renter's insurance will pay your losses up to a certain amount specified on your policy.  Be sure to read over your policy carefully to make sure it will cover all damages to important items such as technological equipment, kitchen appliances, musical instruments, furniture, etc.  Make certain you take inventory of everything in your possession so that you have proof you owned any of the items you may need to replace.  Renter's insurance is inexpensive and can save you a lot of stress and cash in the long run.  If you purchase a home, homeowner's insurance can cover these things and more.

Bottom line: if you own anything valuable that would be difficult to replace in case of emergency, get renter's insurance!