Renters Insurance is an important component regardless of the financial status of the tenant. Many overlook this coverage because they do not consider themselves to have a significant amount of assets or property. Damage can be caused by the tenant, guests or visitors could be injured and the tenant could be found legally responsible. The liability portion of the Renters Policy can afford far more coverage than the sum of the tenant’s possessions and prevent a major financial setback.
Important note for parent of students away at college: coverage on a homeowners policy will not extend to your children if they are living off campus.
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