Comments on: A Reason To Get Renters Insurance

By: Personal Finance

Personal Finance — Thu, 08 Sep 2005 06:48:17 +0000

I currently rent and I do not have renters insurance. Although, I am in a nice area and my building has a secure enterance so I am not really worried about break-ins. Maybe fires, maybe. But, like “risk” said, I am better-off self-insuring myself against those sort of losses.

By: risk

risk — Thu, 25 Aug 2005 21:52:58 +0000

if it works similar as auto insurance, self-insure inexpensive items is better than buying insurance. small claims results in later premium hijacking, especially in areas where premiums are already high, like auto insurance in Maryland. I’d better off eatting any auto claims less than $1000 myself.

Buying multiple insurance policy from the same carrier might be cheaper though. I know someone who basically get a free ride on renter’s insurance from Geico because of the multiple policy discount (also has auto insurance with Geico)

By: Jose

Jose — Thu, 25 Aug 2005 16:24:10 +0000

Take a video or plenty of photos of your house. That helps during insurance negotiations.

Renters insurance sometimes covers things inside the car or things you loan to others.

However, expensive jewelry, electronics, collections and cameras should be insured sepparately (as a rider to the policy).

Also be wary about flods. not evey policy covers it. It may be extra.

Money and Investing

By: JLP

JLP — Thu, 25 Aug 2005 16:24:09 +0000

Jim,

I think there’s something wrong with your email. I have tried sending you email and it keeps coming back to me. Just thought I’d let you know.

JLP