Today Jordan and I renewed our tenants insurance!
I increased our contents coverage from $15,000 to $25,000 - and the cost only went up by $8 a year! The total was $152. We decided it was worth it to increase it because, as of late, we've been purchasing more valuable items - such as our new couch and our new set of pots and pans.
On top of that, I had a great conversation with my mom and her sister this past weekend - and I realized that it would take a lot of $$ up front to replace everything that we have. We have a house full of things - two bedrooms worth of furniture, camping gear, clothes etc. Sure, a lot of that stuff we got on sale - but when it comes to insurance they coverage what you replace (at least the kind of insurance I have). So - yes I got my kitchen table for $100 - but to replace it - maybe I'll have to spend $500, you never know until you're in that place.
I love the feeling of knowing that if the worse happens (flood, fire, theft, my horse freaks out....whatever) - we're covered.
Renewed Tenants Insurance Today
Related Posts:
Auto Insurance DecreaseWhen I got home from work last night, I was pleasantly surprised to receive a notification from my Automobile Insurance Provider, AMA. My policy renews in October and my premiums are reducing. I'm going from $1803… Read More- Renewed Tenants Insurance TodayToday Jordan and I renewed our tenants insurance!
I increased our contents coverage from $15,000 to $25,000 - and the cost only went up by $8 a year! The total was $152. We decided it was worth it to increase… Read More
Tenant's InsuranceThis post is for all of the renter's out there.
Landlords have very few legal obligations to compensate tenants for damage to or loss of personal posessions. Tentants are repsonsible for harm they may cause to any part… Read More
Insurance!I have a guest post over on Krystal's blog today, Give Me Back My Five Bucks, if you've come my way from there - welcome! If you haven't seen my post there yet, I hope you check it out.
For the last few years, I haven'… Read More
This Weekend...Canada won gold in men's hockey!!!!
also some other things happened, but probably not anything as interesting....
It feels like this weekend has lasted forever - which is really weird because usually they go by so quickly.… Read More
Isn't it amazing how quickly stuff adds up? I just got the bill for my Renter's Insurance and I'm thinking of upping my coverage limits too.
ReplyDeleteI'm guessing the recent news coverage of the condo fire in Calgary got you thinking about renter's insurance??
ReplyDeleteUpdating things like that is a fantastic way to remind yourself of the cost of things.
ReplyDeleteWell worth the extra $8, I say.
ReplyDeleteWell worth the extra $8, I say.
ReplyDelete@ me in millions - it's a good idea to evaluate every now again that's for sure.
ReplyDelete@ Anonymous - nope, hadn't heard of that. I've had tenents/renter's insurance for a number of years. It's renewal was due today :)
@ Rainy - me too!
Gosh, that is dirt cheap for 25k cover!
ReplyDeleteI only have current value replacement cover, so if everything we had was wiped out it would probably not cover everything. But upgrading to full replacement insurance is a big jump in price.
I like knowing that our belongings are covered in case someone in our household is stupid or a tragedy happens :)
ReplyDeleteRenters insurance is a brilliant thing and something I didnt live with for years.. then again Bachelors dont usually have stuff in their younger years :)
I don't know if we have this type of insurance in the US. I have homeowners' which covers our renters and us but I should look into this. A bad tenant could lead to serious damages.
ReplyDelete