Okay, so you don’t own the house or apartment you live in, but you own the items inside, right? Your bed, the television you watch, the computer you’re using to read this; all belong to you or someone who lives in the house. So why not make sure you can afford to replace these things in the event something happens.
Sure you may think, “Meh, all my stuff is old and broken down. It’s not worth insuring.”
It may be old and not in the best shape, but it’s still useable. Also, just because you don’t think something is worth much, doesn’t mean someone won’t steal it. Now, imagine how much it would cost to replace your old stuff. All of it.
That insurance is sounding better and better, isn’t it?
Renters insurance is pretty inexpensive. Sure you might have to give up a latte or two — a month — to afford it, but isn’t going without caffeine worth the peace of mind of knowing that if your l andlord’s “trick” to fixing the breaker box is unsuccessful and the building catches fire, all your worldly possessions can be replaced?
Get renters insurance.