What You Need To Know About Renter's Insurance

As homeowners, most people carry a mortgage and have no choice but to purchase homeowners insurance as a requirement of their loan. But for renters, the choice is their own — and many people facing financial uncertainty might choose to go without renter’s insurance, even though they have many of the same risks as homeowners when it comes to protecting possessions or being liable for accidents at home. Some of the most common misperceptions include: “Renter’s insurance is too expensive.” The average renter’s insurance policy costs between $15 and $30 per month. Replacing all of your possessions or being liable for an accident would cost much more. "I don’t have that many valuables; renter’s insurance isn’t worth it.” Renter’s insurance policies can cover everything from electronics to clothing...

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Things to Know when Renting Your First Apartment

Renting your first apartment is very rewarding and at the same time can be challenging. This is a particularly true when you are renting your first apartment, which is a major decision. There will be many factors to consider before choosing the first apartment. The following are some things to know when considering your first apartment. · The Budget: Creating a budget is considered necessary even before starting the process of looking for an apartment. Getting more information makes easy to find the right apartment. Check with your parents or friends who are currently living in apartments to get some information or help from them. Figure out what you can possibly afford. Include gas, loan payments, car payments or your transportation expenses, food and any hobbies or other activities that...

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