Moving into an apartment can be expensive. You have to pay the movers, possibly your first and last month's rent and most of your utilities all on the same day. So naturally, buying renters insurance is the furthest thing from your mind. But if all of your possessions are destroyed in a fire or stolen, no one is responsible for the your property but you.
If you're considering coverage here are few options to choose from:
The first part of a renters insurance policy is called Personal Property Coverage. It covers your personal belongings. Property coverage may be considered "named perils" or "all risks."
When you buy a renters policy you choose an actual cash value policy or replacement cost coverage.
Liability coverage pays for medical payments for injuries or damage to individual or property that you are legally responsible for.
To file an insurance claim, you must list everything you lost in a fire or theft. If you don't a make list and try to go off of memory, you will undoubtedly miss a few possessions and get a smaller payout from your insurance company.
Here are other suggestions for logging your belongings:
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