5 Common Renters Insurance Concerns Addressed

More and more individuals are embracing renting seeing the benefits of no mortgage to pay, a living space with built-in amenities, and a landlord who takes care of all the maintenance. What many are finding out is that they aren't protected because they didn't purchase renters insurance.

Renters wonder if their belongings are valuable enough to warrant renters insurance. Though their belongings may be easy to replace, the cost to do so is often much more than the annual cost of insurance.

They are concerned about the cost when actually an average policy runs about $20 a month.

Renters assume their landlords policy will cover them, however the typical owner policy only covers the building and structure, not an individuals belongings or liability if the renter is responsible for any damage to the property.

Renters insurance often will cover household items outside your home.

With the addition of optional "Brand New Belongings" (offered by Nationwide) coverage your belongings are covered for new versions, regardless of age or condition.