Good work for getting a new job along with the 401k and business casuals. However, the landlord has just issued a lease, asking for evidence of your having renters insurance before moving into the apartment.
Relax. You do not have to buy a house to obtain the renters insurance. It is inexpensive, easy and quick. The idea of having renters insurance could be called a protection of your personal property. Your insurer will pay for the stolen laptop or for the flood in your apartment. Without a renters insurance, every dollar that appears on your salary slip becomes a risk.
The first step that you need to make is to inventory your stuff. Walk through the apartment and count the total value of your personal belongings. The total will define the amount of personal property coverage you will have. Another thing is liability coverage. It will protect you in case of some damages that you cause to the kitchen (it catches fire) or your dog attacks your neighbor. The target amount of your liability coverage should be at least $100,000.
Choose well-known providers such as State Farm or Allstate. You may also use a cool new app such as Lemonade that will allow you to get the insurance coverage quickly right on your smartphone. Get at least two quotes. PricesThe request was rejected because it was considered high risk