| Fiction:
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Fact: |
- The Landlord’s insurance provides coverage for the
personal property of their tenants.
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- The Landlord’s insurance is only designed to cover
property they own not the property of their tenants.
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- One policy will cover anyone who lives in the
apartment.
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- Insurance usually only applies to the person on the
policy and resident relatives.
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- The chances of a loss in my apartment are minimal so
buying insurance is just an extra expense.
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- Losses as a result of fire, water damage, theft in and
outside the apartment and liability claims are not
uncommon.
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- I don’t own much so I don’t have much at risk.
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- Renters many times have belongings in excess of
$10,000 and would find it a financial burden to replace
all the items they own due to a loss.
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- Renters' Insurance is to expensive.
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-
Insurance usually costs less than $.75 per day
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- Renter's Insurance is not needed to rent an apartment.
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- Leases are often contingent on having Renters
Insurance in place before you move in to a new apartment.
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