It costs mere pennies a day, yet many renters don’t get insurance to cover their electronics, clothes, furniture and other valuable possessions. Many renters are under the assumption their landlord’s insurance will cover their goods if there is a fire, a flood, or a tree falls onto the structure. Sure, the damage to the building will be covered, but not the contents inside.

With another winter storm slamming the eastern third of the U.S., insurance experts warn it could be a very cold reality for renters, and even homeowners who do not have property insurance, if a winter malady should hit.

Renters insurance covers fire or lightning, windstorm or hail, freezing of plumbing systems, theft, and more. Also, keep in mind, if someone is injured at the domicile you rent, renters insurance can help protect you if there is a liability lawsuit.

Renters insurance can be purchased for as little as a couple hundred dollars a year, but statistics show as many as 70 percent of renters go without the coverage.

California Casualty

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