Whether you’re living in a college apartment, renting a high-rise in Center City, or renting a house, having renters insurance is arguably one of the most valuable and relatively inexpensive ways to protect you and/or your family when things go wrong. If you have the mindset of “nothing could every really go that wrong,” then you might need to think twice. While it may seem like fires are rare and a thing of the past, Philadelphia area fires are reported all of the time on the news. I know someone who recently just lost everything from one. Luckily, she had renters insurance.
-“Nothing will ever happen to me” – 17% à This naïve way of thinking is a poor choice. Things happen without warning to anyone at any time, so it’s important to be prepared.
-“Renters insurance is too expensive” – 25% àAccording to the American Strategic Insurance, this coverage can cost less than $20 per month.
Also according to the survey, only three in five of U.S. renters don’t carry this coverage. Of this percentage, 72% include millennials. In case of an emergency, a little can go a long way.