We typically hear a lot about home insurance and how important it is to reduce costs in case of major problems and issues. Even homeowners that don’t occupy their homes and rent them out instead, know the value and importance of this kind of insurance policy. Typically your landlord will collect a deposit from you as well, which will help ensure that you will take care of their home because you will want your deposit back. They will usually require a decent sum in order to protect themselves a little in case you damage things like carpet, paint, etc. But what about you? You don’t own the home so you wouldn’t take out a home insurance policy, but you need to think about protecting your possessions. This is where renters insurance comes in, if disaster hits and you don’t have renters insurance, your possessions will not be covered under the landlord’s policy. Here are some reasons why you should consider taking out a renters insurance policy.
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