Can cheap renters insurance provide full protection for tenants?


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Renters Insurance

Is it possible to be completely protected by a cheap renters insurance policy?

When looking into renters insurance, is it realistic to expect comprehensive protection that includes coverage for personal property, liability, and additional living expenses from an affordable policy?

Dec 27, 2024 | Hannah Carter, Salt Lake City, Utah
Answer
Mark Fitzpatrick
Head of Insurance, MoneyGeekUpdated December 27, 2024

I do not believe any insurance policy can completely protect you, but an affordable renters policy is often a sound and typically overlooked purchase. Offering renters some coverage on their belongings, plus some general liability coverage can go a long way avoid financial catastrophe.