Debunking Renters Insurance Myths

Here’s the real scoop on renters insurance:1. A lot of renters think that if they have a loss, the landlord will cover it. In almost all cases, this is not true.

2. A lot of renters believe they don’t have enough “stuff” to insure so what’s the point of getting insurance. Beyond covering contents, a renters policy also covers personal liability insurance, which is something that is often overlooked. This is even more important for older renters who have amassed greater wealth which needs to be protected.

3. A lot of renters believe that all renters policies are the same. There are minor nuances between policies that renters need to be aware of. For example, a policy by a well-known carrier may have a sublimit of $2,500 for firearms and that same sublimit in a policy from another agency might be $500.

4. A lot of renters believe that renters insurance is as expensive as auto insurance. The typical renters policy costs $10-$20 a month or $120-$140 a year, well below what auto insurance costs.

For more information on renters insurance, give E. R. Munro and Company a call at 1-877-376-8676 or check out our Web site at


Due to a company event, our office will open at 10 am on Friday, October 19. We apologize for the inconvenience.