Don’t think you need renters insurance? Don’t think your stuff is valuable enough to be insured?
You might be surprised at the cost to replace your new laptop, HDTV, mountain bike, furniture, appliances, and clothing. Your “stuff” could easily add up to $20,000. The good news is that renters insurance is very affordable.
Renters insurance policies with MIG Insurance cost as little as $240 per year. This works out to as little as $20 per month for coverage that ranges from $30,000 to $100,000 in contents coverage and $1 million to $2 million in liability coverage.
Try out our renters insurance calculator to see how much renters insurance you need.
Estimated value of your possessions $40,000
Estimated monthly cost of renters insurance $18-$23