Quote:
Originally Posted by inv4zn
I'm in the exact situation, but I'm the tenant.
The landlord mentioned that we should get insurance for said situations, but I'm not entirely sure what it covers, and where I should go, how much it'll cost, etc.
We've just moved in, so now it's settled down and I want to look into this...can anyone give me a brief rundown of what my responsibilities are and what the landlord's are, and where is a good place to shop around for insurance?
The landlord doesn't speak English very well, so when I asked him about the insurance he just told me to go to an insurance broker...lol
TIA
(Sorry about threadjack)
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You should definitely purchase tenant insurance. An annual policy starts from $200 per year and the sky is the limit.
The insurance policies offered are generally for basic comprehensive coverage that covers up to a certain amount.
If you want all the bells and whistles and extended coverage the premium can add up.
Why should you purchase insurance (as a tenant)?
If you don't have insurance and your home gets broken into, someone slips and fall becomes disabled on your property or your pipes burst then you'll be left to pay and remedy those events.
Where do you buy tenant insurance?
All major home insurance providers in the area you live in. I would compare the quotes and the amount of coverage you get.