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    Renters Insurance

    $15/mo. Major protection.

    Why renters need it

    • Building owner's insurance covers BUILDING, NOT your stuff.
    • Burst pipe, fire, theft = your loss without coverage.
    • Liability — visitor falls + sues = covered.
    • Loss of use — pays hotel if home unlivable.
    • Most policies $15-25/month for $30-50K coverage.
    • 30 minutes online to set up.

    Best renters insurance

    • Lemonade — app-based, instant. $5-15/mo. Best for under-70.
    • State Farm — bundle with auto for discount.
    • Allstate / Liberty Mutual — local agent help.
    • USAA — vets only, top rated.
    • GEICO — bundle with auto.
    • Amica — top customer satisfaction.

    Coverage to get

    • Personal property — $30-50K replacement cost (NOT cash value).
    • Liability — $300K minimum.
    • Loss of use — for hotel costs.
    • Medical payments — for visitor injuries.
    • Special items — jewelry, art over $1K need scheduling.
    • Deductible — $500-1,000 typical.

    Senior-specific concerns

    • Heirloom items — schedule separately for full value.
    • Medical equipment — confirm coverage.
    • Mobility scooter — list as scheduled item.
    • Visitors / caregivers — liability covers if hurt at your apt.
    • Senior community — required by some leases.
    • Storage units — confirm covered if you have one.

    Don't skip

    $15/mo = $180/year. Lifetime savings of one fire / theft / liability claim = $30,000+. Cheapest insurance per dollar of coverage. Many seniors skip it + regret massively.