As published in The Star-Ledger on June 1, 2005
pg. 48 - Your Money section
THE MOTLEY FOOL - "Renter's Insurance"
Q. Should I bother with renter's insurance? - O.S., Charleston, S.C.
A. Anyone who rents a home should definitely consider it. It can protect you against theft of or damage to your personal property, cover some or all of your personal liability, and maybe even pay for temporary housing if your apartment is damaged.
You decide the total dollar value of property you want to insure. Some policies will pay you enough to cover the depreciated value of various items at the time of loss, while others will cover replacement costs. The latter is much better.
Renter's insurance can cost as little as $100 or less per year. Compared with the losses you might incur, it's often well worth it. Learn more at www.fool.com/insurancecenter and www.iii.org . |
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