The flood upstairs: Why you need renters insurance

re: The flood upstairs: Why you need renters insurance

Gal — Tue, 19 May 2009 17:50:03 GMT

Thank you for your comments. My daughter returned home after being away for the weekend to a flooded apartment. THANK GOD she DOES have renters insurance. If it had been me, I would be doomed. It's true who would think of renter's insurance. Now my daughter has great peace knowing, all things will work together for good. The water went down into the apartment downstairs as well. GET THE INSURANCE!

re: The flood upstairs: Why you need renters insurance

mo — Sat, 26 Apr 2008 17:26:27 GMT

same as lee.

the discount I got from having more than one policy actually paid for the renters insurance!

re: The flood upstairs: Why you need renters insurance

lee — Sat, 26 Apr 2008 04:23:27 GMT

I have renter's insurance through the same company that I have my auto. insurance and that gives me a discount for having multiple policies.

re: The flood upstairs: Why you need renters insurance

Jen — Sat, 26 Apr 2008 02:32:51 GMT

Great advice!

I was one of those people who thought I had nothing expensive so why bother paying?

Then one day the boiler in the basement of my apartment (I lived in a two family house) blew up and the chimney was next to my bedroom, so black soot covered the entire inside of the house. The entire hhouse had to be hosed down..the walls washed and repainted, the carpet removed, etc. My clothes, bedding, furntiture were covered with black soot. Things like my dresser and knickknacks were easy to clean, but clothes and bedding and couches had to be thrown out as the soot was greasy and seeped into the fabric. I had no renter's insurance. My landlord was a fair man and agreed to pay for the dry cleaning but some of the stuff I had to throw out and buy new. It was expensive to replace clothes, sheets and new couches. It cost me far more than if I had just paid the $20 a month. That's right. $20 a MONTH.

re: The flood upstairs: Why you need renters insurance

Kaye Bez — Fri, 25 Apr 2008 23:50:25 GMT

Um, I also think it's smart to learn how to operate an overflowing toilet--that little knobby-doo under the tank is the water shut off--turn it and ta-da your toilet stops overflowing. Yes, Ok, not the easiest thing to remember when you've got a sea of poo and TP coming back at you, but it might prevent you from having to make a claim on that Renters' Insurance!

re: The flood upstairs: Why you need renters insurance

mary oglesby — Fri, 25 Apr 2008 20:48:26 GMT

When I was 16, my family lived in a rented house for only about 1 month before a category 5 tornado ripped through town and destroyed the house and most everything in it. Wish we had renter's insurance!!

re: The flood upstairs: Why you need renters insurance

Finally Frugal — Fri, 25 Apr 2008 20:00:05 GMT

I work at a university, and one of my students recently had her apartment burgled. Laptops, phones, and cash were taken---and no renter's insurance. She's from another country, and wasn't even aware that she could get it, and didn't know how affordable it really is. She does now!

finallyfrugal.blogspot.com

re: The flood upstairs: Why you need renters insurance

Dooreen — Fri, 25 Apr 2008 19:36:19 GMT

I have a hard enough time paying my health insurance, that is why I bought some nice cheep furniture at a thrift store.

re: The flood upstairs: Why you need renters insurance

Barb — Fri, 25 Apr 2008 19:03:25 GMT

We have always paid for renters insurance. After a flooding from an adjoining apartment ruined a friends antique furniture (Left to her by her Grandmother) I knew that the $ 30 a month (What you would normally spend out on a nice dinner)was SO worth it.