If you are renting, whether you’re a college student living off campus, a recent graduate in the workforce living in your first apartment, or a family in an apartment or house, you will want to make sure that your property is properly protected. A Renters policy protects you in unfortunate situations where you are affected by fire, theft, water damage, and other circumstances beyond your control. Renters policies in Pennsylvania usually provide coverage for items and situations which include:
Renters’ insurance is inexpensive, and most policies range from $15 to $30 per month. Many companies will allow you to bundle your renters’ insurance with other policies, like your auto insurance, making it less expensive. You can’t rely on your landlord’s insurance to cover your valuables — rental property insurance covers the building structure but not your personal property. In the end, you’ll be glad you have it!