If you’re a tenant, then having renters insurance in place can protect you against a big bill if the unexpected happens and your belongings are damaged or stolen.
In fact some of the most popular items insured by renters include things like laptops and tablets, jewellery and watches, bicycles and home entertainment systems. These can be expensive to purchase in the first place, but if they’re stolen or become damaged then repair or replacement costs will make another dent in your budget.
Paying a monthly premium – alongside an excess fee if you ever have to claim – protects your belongings and the contents of your wallet.
Take a look at these scenarios where a renters insurance policy could come in handy.