If you’ve chosen to rent, rather than buy, know that one of the wisest decisions you can make is to invest in renters insurance. However, a recent Nationwide Insurance survey found that most renters aren’t protected from financial loss since they have not purchased renters insurance. If you’re confused about renters insurance, here’s a Q & A addressing some of the most frequently asked questions about the coverage.
You don’t have to live near a canyon or forest for your property to be threatened by wildfire. Nearly 1/3 of U.S. homes are in wildfire-prone areas, according to the Insurance Institute for Business and Home Safety (IBHS).
The impact of a wildfire can be tragic and expensive. For instance, the U.S. Forest Service and U.S. Department of the Interior spend a staggering $3.5 billion a year combating the fires.
Key to lessening the damage to homes and businesses is knowledge and preparation.
Are you ready to move out of your parents’ home and into your own apartment? This will probably be one of the most exciting times of your life, but is renters insurance on your radar?
Nationwide found recently that despite the fact that millennials are renting in unprecedented numbers, over half of young adult renters do not have renters insurance, leaving their homes and belongings at risk.