If you rent an apartment or house, it’s a good idea to have renters insurance. It pays to replace your personal belongings if they’re stolen or damaged by a fire, storm, or burst pipe.
We talked to a Houston-area real estate agent about the importance of having renters insurance.
Christy Rodriguez says renters should weigh the cost of renters insurance (about $15 a month) to the cost of relocating and replacing their belongings if their rental is damaged.
Renters insurance also pay for a hotel and food if you need to move out while your rental is being repaired. It also pays if someone is hurt in your home, and we all have that one friend…