Renter's Insurance?

anothermom2
Fri, 06 Mar 2009 07:21:42 +0000

When I was in law school, an unfortunate building fire burned the entire rental building of two of my friends. Fortunately no one was injured. Beside loosing all the furniture and refrigerator(no lap tops in those days) they had nothing to wear.

If you can get a good policy for a couple of hundred dollars or less, it is probably worth it. It might make more sense to get it from a place doing business in that state, because in the event of a loss, it might be easier for them to see the premises if necessary. Also, for liability, maybe a separate policy would be better in the event of loss. What if the other kids in the apartment are not covered. Could your liability limits be tapped more than they should be? It is not always a question of coverage vs. money if there are others in the enterprise.

I guess it is an education that student apartments might require liability insurance. I never had to do this personally, nor did I require it when I rented my old condos. Of course for business, the renter has to do so.

Last year there was a good thread on insurance for the lap tops.