30 Jan 2012
I admit it – before I became an insurance mascot, I was among the millions of American renters who didn’t have their apartments insured. I just never really thought about it, nor do many people. Which is a shame; it’s really misunderstood. As your very best friend in the whole wide world who gives you great information, and a knowledgeable insurance mascot, I figured I’d provide answers to some of the more common myths about it:
MYTH: I don’t need Renters Insurance; my landlord will cover my apartment in case of theft or disaster!
FACT: Most Landlord Insurance covers the apartment structure itself (walls, toilets, etc.) but won’t reimburse tenants for their personal possessions. Plus, even if your roommate has renters insurance, you may not be covered on his or her policy!
MYTH: I don’t need Renters Insurance; my stuff isn’t that expensive.
FACT: Is it really that cheap? Add up the value all of your clothes, electronics, and furniture. And that million dollar dog* you have. You wouldn’t call that cumulative cost expensive?
MYTH: Renters Insurance is way too pricey, there’s no way I can make the payments.
FACT: Renters Insurance from iMingle is usually less than $1/day! Many people spend more on coffee.
MYTH: I can cover the small expenses myself, but I’m only worried about being sued. There’s no way Renters Insurance covers that!
FACT: With iMingle Personal Liability Coverage included in all its Renters Insurance policies, you can get money to pay for a legal defense and damages.
MYTH: I don’t have time to get Renters Insurance right now…I’ll do it later when I’m free.
FACT: Renters Insurance can be purchased in only a few minutes. Recouping the loss of a theft or natural disaster without it can take years.
Hopefully that clears things up a bit! Now if we could only debunk where I left my keys…
*EDITOR’S NOTE: You know Max and his humor; he only put this to make a joke. Please note that reimbursements for pets aren’t always covered.