You’re having a tough time just keeping up with the bills from week to week – so buying renters insurance may seem ridiculous to you during this tough time. Thing is, being shortsighted could wind up putting you out on the street.

Without renters insurance, if your apartment is destroyed or your belongings are stolen, you will be financially responsible for replacing all of your possessions.

You may be under the impression that protecting yourself from such a horrible scenario is expensive – but it’s not.

You Can Afford It

Most renters insurance policies only cost between $15 and $30 a month (NAIC.org) – that’s probably less than you spend on grabbing coffee on your way to work every morning!

It’s cheap and it’ll save you thousands of dollars -- yet according to a 2006 Insurance Research Council survey showed that while 96% of people who own their own homes have a homeowners insurance policy, only 43% of those who live in rented homes have a renters insurance policy.

You Can’t Afford not to Have It

Take a moment and look around the room you’re sitting in. How much did you pay for the contents in just that one room? Now just imagine having to replace all of that. It’s not just about how much it would cost to replace it, but how long would it take you? How much would it cost you to fill the gap in between?

It Doesn’t Take a Natural Disaster

Tornadoes and hurricanes don’t concern you? Renters insurance will also protect your possessions in case of theft or vandalism. If you come home and find your prized possessions missing, renters insurance will help replace what was stolen or damaged.

Renters Insurance and Pets

What if your dog is having a bad day and takes a bite out of the nasty neighbor next door? Renters liability coverage would take care of legal fees of defending your derrière.

Got it? Get it!

Determine what you’ve got and how much renters insurance you need to protect it, and then shop around! Get quotes from a trusted online site that will do the shopping to numerous insurance companies for you. The best way to get the cheapest price is by entering your information once on an unbiased site that will shoot your information over to all the big insurers at once. Compare quotes at InsWeb.com.