Why You Need Renter's Insurance

Before you buy a renter's insurance policy, learn more about the coverages you'll get on the insurance blog. Find out about the low-cost coverage you can buy online now.

In the news this week is yet another story about someone who didn't have renter's insurance and lost everything. A Killeen, Texas woman's apartment was ravaged by fire just before the holidays and her personal property was destroyed. Unfortunately, she didn't have renter's insurance, so she didn't get reiumbursed for the items she lost. What you should know about the renter's insurance policy:

• When you buy a renter's insurance policy online, you can compare insurance premiums from several insurance carriers to find the best deal. The cost for renter's insurance policies quoted online is usually just over $100 annually.
• Renter's insurance is not provided by your landlord. If something happens to the building where you rent, your landlord would only be covered for the structure, not for tenants' belongings.
• Renter's insurance is often required by apartment complexes. You'll have to bring a copy of your renter's insurance policy when you sign the lease for the apartment.

Learn more about the renter's insurance policy before you shop online for coverage.

Talk back with a writer- tell Lisa Nichols about your experiences buying renter's insurance online and submit news, tips and story ideas to the insurance blog.