Do You Need Renter’s Insurance if You Don’t Own Much?
Find out the benefits of renter’s insurance and whether or not it’s right for you.
Q. I just graduated from college and moved out on my own. Why should I get renter’s insurance? I don’t own anything expensive.
A. Do some quick math: If a fire destroyed your apartment, how much would it cost to replace your work clothes, iPod, TV, the sofa your mom gave you, the kitchen table from your grandfather and the other things in your place? The truth is that even when you don’t own any one thing that’s valuable, when you add up all the little things, you’re easily in the thousands of dollars. Renter’s insurance could also help protect you with Liability Coverage, offering protection from unforeseen accidents and mishaps for which you may be financially responsible.
Keep in mind that premiums for renter’s insurance can run as low as $10 to $20 a month. The insurance even covers living expenses if you have to move out while a damaged apartment is repaired. Contact your MetLife Auto & Home representative to learn more about renter’s insurance and what it covers.