Important Info for Renters Who Don’t Have Renter’s Insurance

Many people who rent houses or apartments in Chicago will not purchase renter’s insurance. Since it is not required by the state and can be expensive, renter’s insurance seems like it’s not that crucial. Well, it depends on the location of the property as well as the history of the renter. But, if you decide to go without renter’s insurance, it is important to consider the following:


If your personal property is stolen by thieves or lost in a natural disaster, your landlord’s insurance will not cover it. You will be completely on your own. Many people make the mistake of believing they are somewhat insured without renter’s insurance. This is wrong. The landlord’s policy will only protect the building your space exists in. But, as for the individual living spaces within the building, there is no coverage included in the landlord’s insurance policy.


You should also know that renter’s insurance may not be as expensive as you think. By shopping around and getting quotes from different insurance agencies, you are likely to find a policy that fits your needs without burning a hole in your pocket. There are some insurance companies that offer renter’s insurance for as low as $12 a month. However, it all depends on your particular living situation, the value of your personal property, etc.


At Insurance Navy in Palos Hills, we offer the best and most affordable renter’s insurance in Illinois. If you are renting an apartment or house, the Insurance Navy agents will help you find a cheap renter’s insurance policy that keeps your personal property covered. If you have any questions about our low-cost renter’s insurance, please visit our website:

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