Renters Insurance: Do You Need It? What’s Covered? What’s Not Covered?

If you rent an apartment (or a house), then you're probably wondering if you should buy renters insurance or not. My first introduction to renters insurance was when I worked as a property manager right out of college.  We had an apartment flood (due to no fault of the owner), and the tenant demanded reparations.  I had to explain to the tenant that this is why it was suggested that they buy renters insurance when they moved in.  But the tenant did not understand why they were not … [Read more...]