Why Is Renters Insurance So Cheap? 
Renters insurance is probably the single most affordable insurance on the market that delivers the most coverage . Renters insurance premiums are low because insurance carriers have a positive loss experience with renters polices . Also renters polices are not insuring dwellings so there is a difference in that respect . The liability alone that you get from a renters insurance policy is worth the price you pay . There really is no excuse to not have renters insurance but unfortunately to many people get caught without this coverage and suffer the ramifications of a loss . I have known clients who refused to buy renters insurance because they believed nothing would happen to them just to see them suffer a heavy loss and all to save a few dollars . There is also a great and common misconception that that landlord will cover the loss . This is absolutely not true . 