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Published on Sunday, August 31, 2008
By LA Daily News Staff Writer
The population of renters across the country is growing, edged up in part by a slumping housing market.
Yet as graduates and others enter the work force and set up their first apartments, renters insurance probably isn't a burning issue. It's often only after a robbery that a policy suddenly seems like a no-brainer.
Renters insurance typically costs less than $200 a year for around $30,000 in coverage and generally includes items stolen from your car. Perhaps more importantly, most policies from major underwriters such as Allstate Corp. and State Farm Insurance Cos. include $100,000 or more in personal liability coverage. So if someone slips and falls on your property, you've got some protection.
Nevertheless, convincing people they need renters insurance remains a big hurdle.
Online tools offered by insurers can help assess your belongings and determine how much coverage you need. Agents can also walk you through the process over the phone
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