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yes it is very much necessary to have renters insurance as it gives you a peace of mind knowing that your assets are protected from theft and fire or any natural calamaties. Also if some mishap happens to your apartment you dont have to shell out a money from your pocket to repair or replace it.

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Q: Is it necessary to purchase renters insurance?
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Related questions

What is the best renters insurance for a college student?

There are many companies that offer renters insurance. The best place to purchase renters insurance will depend on your location and individual situation. Some of the top rated renters insurance companies are Travelers Insurance, State Farm, Liberty Mutual, and Farmers Insurance.


Where can one buy renters insurance in Houston?

There are several places where someone can purchase renters insurance in Houston. Sites like Liberty Mutual, Progressive, Geico and All State all are good places where a person can buy renters insurance.


Do renters need homeowners insurance?

NO, But they can get Renters or Tenants insurance


Is it required to buy renters insurance in Florida?

In the state of Florida, it is not required for people renting real estate to purchase renter's insurance, but the state also does not offer any other type of protection for these renters.


Where could a person buy renters insurance online?

You can purchase Renters Insurance from multiple sources both on and offline from sellers such as Esurance, GEICO, and Statefarm. You might also find there exists local options that will offer better rates for in-state buyers.


What are some considerations of a business planning to get renters insurance?

Business renters insurance is a necessary expense if the building a company occupies is not owned. Some of the considerations a business must plan on are fire and theft, liability and "Acts of God".


Does an owners liability insurance cover damages to contents of renters property if the homeowner is negligent?

No, a homeowners insurance policy does not provide coverage for the property of a tenant. That's what "Renters Insurance" is for.If the renter chose not to purchase a renter insurance policy, Then the renter was negligent to the extent that the renter chose not to purchase a renter insurance policy, perhaps with the mistaken belief that the owners policy would cover them.


What is Broad Form insurance for renters?

Multi Peril Renters Insurance policy...Coverage for your stuff.


How much does the average renters insurance cost in PA?

In the average rates for renters insurance, auto insurance, and home insurance, Pennsylvania is usually lower! In 2007, the average rate for PA renters insurance was only $144!


How can I get great renters insurance?

You can get great renters insurance at the following sites...www.geico.com Get a Quote or personalinsure.about.com/od/renters/a/aa021107a.htm good luck


Does Farmers insurance offer inexpensive renters insurance?

Yes, Farmer does offer renters insurance. Most renters insurance is very inexpensive, you can receive an estimate by answering some simple question on Farmer's website.


What about renters insurance makes it a necessity?

Renters insurance provide protection to a person and their home. As of 2013, the rates for renters insurance are lower than before, which provide many great deals.