We had been putting off renters insurance for a while (we felt the push to purchase when we inherited a valuable ring this summer). In conjunction with our grandparent's photos being stolen last week and overhearing about a slew of cars burglarized in the neighborhood—we finally forked over the dough (and it really wasn't that expensive).
Because our family comes from a long line of insurance agents, we were given the advice to shop around. While our Friday turned into a long day of talking on the phone requesting quotes, we feel quite relieved. Honestly, getting renters insurance is as easy as picking up the phone and matching up your needs with the companies packages.
Once you assess what your needs are, the agent will ask you questions regarding space heaters, power strips and your claim history, among others. For us, it was important that the belongings in our car were covered under our renters insurance (not all policies include this so it's important to ask). It's up to you to choose a deductible you're comfortable with (the higher the deductible, the less expensive your insurance will be). If you happen to have more expensive items (like a fancy laptop or jewelry) you can add those as separate line items on your policy. While we rarely, if ever leave our laptop in our car, it's nice to know it will be replaced if anything were to happen (all for under $25/month).
In addition, most policies come with liability insurance in the package. Meaning if someone were to slip and fall in your home, you've be covered under your renters insurance. Make sure to itemize and tally the worth of your belongings before calling using this helpful link.
How about our AT readers—do you have renter's insurance? Has it come in handy?
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[Image from raleighwoman]