Do You Need Renters Insurance Before Moving In
Millions of Americans rent their homes rather than own them- but the things inside the house that make it into a home have just as much value (financial and personal) and are every bit as at risk of theft or damage. If you are a renting tenant or about to move to a new rental property, you may be wondering if you need renters insurance- and if so, do you need it before you move in? The following guide provides a simple answer to that question, plus an in-depth look at what renters insurance is, what it covers, why it is beneficial, and who needs it. The Short Answer Renters’ insurance is not required by law- but landlords often require it as part of the lease agreement. Depending on the terms of the agreement, you may have to show proof of your insurance policy before you move into the property. Some landlords do not ask for renters insurance policies because their landlord’s insurance covers their interest- but that does not mean your personal property is covered. Having some ren...
