HOME, RENTERS & AUTO INSURANCE
Most people simply can't afford to rebuild their home and replace everything in it if there's a disaster. A home insurance policy can protect your property, some of your personal possessions and you. No matter what type of home you own, personal property insurance is your responsibility. If you live in a condominium, remember that the condo association or cooperative won’t pay for damage caused inside your unit, even if it results from an incident outside of your control, such as a pipe bursting or an electrical fire.
If you live in a rented apartment, condominium or home, you need to protect yourself, your space and your stuff. Some managed communities even require that you have a certain amount of renters coverage as part of your lease agreement. Typically, your landlord’s policy won’t help if your belongings are stolen or damaged. The average cost of renters insurance varies depending on what kind of coverage and deductible you select, but can cost as little as $20 a month.
Auto insurance isn’t only great protection for your vehicle, it’s also the law. All states require some degree of insurance for your vehicle to protect you and other motorists. Coverage requirements will vary based on your financial responsibility for your car and your state’s requirements. Some states even require you to have liability insurance before you even get a license.