You have probably heard of renter’s insurance, and if you are a responsible renter, you have probably looked into the plusses and minuses of getting it; however, there are still quite a few myths that surround renter’s insurance, so let’s take a look at dispelling those myths right now.

The first myth is that renter’s insurance simply isn’t worth it and is far too expensive. In most cases, this myth is untrue, although depending on where you live and what degree of insurance you are looking for, it can be pricy. The key to finding renter’s insurance that works for you is to shop around. There are likely a half dozen companies in your area that offer it, so if the first place you shop is overpriced, keep looking.

A second common myth surrounding renter’s insurance is the belief that if your landlord has insurance, and that it automatically covers you, too. This is untrue, as the insurance that your landlord has only covers the apartment, not your belongings that would get damaged/stolen. Even if your landlord tells you that his insurance covers you, it likely doesn’t and he or she simply misunderstands how

their insurance works. The only way to truly protect yourself is with insurance of your own.

A final myth regarding renter’s insurance is the belief that your belongings aren’t worth insuring. While it may appear on the surface that you don’t own much, the face value of your belongings is probably more than you think. Insuring yourself is the only way to make sure you have coverage if a problem occurs.