But then you got home from class today to a sobering sight.
Your stereo system is gone along with all of your CDs, including
that import Jimi Hendrix disc it took you five years to find.
All of your Guess jeans, Tommy Hilfiger shirts, and even your
stylish Armani suits are gone.
So is your computer with your term paper and semester project
work in its hard drive. Your professor is never going to buy
this excuse without a copy of the police report.
Even the notebook with the phone number of that cute girl from
the party is gone.
One of those guys you didnt know last night was casing
your place, and now they have made off with all your stuff.
What are you going to do now?
If you have renters insurance, you could call your agent
and get started replacing your things and
moving on with your life.You may not think your belongings
have much value, but consider the cost of the outfit you are
wearing right now. Take into consideration how much you paid
for your shirt, pants, shoes, and any jewelry that you are wearing.
The shirt may be from Macys and may have cost you $60.
The pants from Banana Republic, another $30. If you are wearing
your favorite Nikes, they may have set you back $50. The Diesel
watch cost $60. Now take these figures and multiply them by
your entire wardrobe.
Then add in your TV, computer, stereo, and music collection.
And what about those five textbooks totalling more than $400.
The costs are starting to add up!
Renters insurance protects your belongings from unexpected
losses such as theft, fire, or vandalism. Many people are under
the assumption that their landlords insurance will cover
these losses, but this is not so. The insurance that a landlord
carries is to repair the space that you are occupying if it
is damaged. If someone breaks into your room and steals all
your stuff, the landlords insurance will pay for the window
that the thieves broke, but thats all.
Additionally, renters insurance covers your belongings
while you are travelling. This insurance will help you to recover
if you ever are faced with the trauma of waiting at an airport
baggage carousel for a suitcase that never arrives.
When you think insurance, you probably expect a major hit to
your wallet. Not true for renters insurance, which will
average less than $15 a month, for $25,000 in coverage.
So the next time you spend $3 for a cup of coffee, consider
that one-weeks worth of Starbucks could pay to replace
everything you might lose in a robbery or a fire.
Renters insurance wont help you with your professor,
and it wont find that cute girls phone number, but
it will help replace the physical things youve lost. And
peace of mind is worth a lot more than a double latte.