FOUR MYTHS OF RENTERS INSURANCE

Roughly 30% of the population rent the dwellings they live in. Over half of those renters (54%) have no insurance to protect their possessions. Most don't realize the risk they're taking by not having coverage. The following information will help you dispel the myths of having renters insurance.

My landlord has me covered. Wrong. The landlord has the building covered. Nothing inside of it, such as: clothes, computer, furniture or other personal belongings. Your landlord is also not liable or responsible for any injuries that occur to you or others inside your home. See the Personal Liability section for more information.

I don't have anything worth that much. Your belongings are worth more than you think. You may not have big, costly items but think of every CD, each pair of jeans and the random kitchen utensils you own. If you can easily say that you could afford to replace every item that was damaged or stolen in your rental, then you don't need to worry---just do an inventory price check first.

It can't happen to me. Oh yes it can. According to FBI statistics, a house, apartment or condo is burglarized once every 15 seconds. Burglary happens to be one crime that is easily preventable. So while having renters insurance is the most important safety precaution, check out the Get the insurance and get preventative section for more helpful tips.

I can't afford it. Surprisingly, renters insurance is fairly inexpensive depending on where you live and what you live in. MAX offers highly competitive rates. Call 877-971-6300 to find the rep in your area for a free renters insurance quote. If you still don't think you can afford it, go back to My possessions don't amount to much and ask yourself if you are able to afford replacement items. If you aren't able too, then maybe it's better to be safe and pay for the renters insurance than be sorry and own nothing.