Don’t Own? Renters Insurance Information

Recently the Ohio State insurance Department released some great tips for renters seeking renters insurance.

With the recent crash of the housing market- many former homeowners have lost their homes to foreclosure and are now renting homes or apartments as an alternative.  However, while homeowners insurance is not required on rental properties- renters insurance is always recommended.

Renters Insurance protects renters in the event that their belongings are lost in a covered peril.

The good things about renter’s insurance is that it is not very expensive in the grand scheme of things. Typically, policies cost between $15 and $30 per month depending on the level of coverage you need.

The OSID recommends asking about these variables with your renters insurance company: