Look around your house. What can you afford to lose? Every day, homes are destroyed by fires, floods, earthquakes, tornadoes, and other natural disasters. People also experience theft and personal injury from visitors inside their homes. Although the unthinkable is hard to imagine, it is important to be prepared.

Whether you rent a house, townhouse, condo, or apartment, your landlord has insurance that will cover replacement of the structure in which you live. However, these policies do not cover items inside the structure – his belongings. Losing your home is devastating enough, but be aware of the financial consequences. Can you afford to replace your clothing, electronics, cookware, jewelry, and furniture? You could experience minor or severe water damage due to a plumbing problem or broken pipes. Small kitchen fires are all too common and can have costly repercussions. Also, keep in mind the high costs of medical bills. How will these be paid for if a visitor in your home is injured by a fall or an unruly pet? Water and smoke damage, medical bills, and attorney fees can all be covered with an affordable renters insurance plan.

Should the unimaginable happen, make sure you and your belongings are protected. Renters insurance is an inexpensive and safe way to ensure that your items will be replaced in the event of a sudden loss. For just pennies a day, you can insure your most valuable belongings and gain peace of mind. Many insurance providers also offer substantial discounts on your renters insurance if you choose to bundle your policies. If you already have auto insurance, health insurance, or life insurance, you can simply add a renters insurance policy at a discounted rate.