Apartment fire underscores need for renters’ insurance

A Feb. 23 Wake County apartment fire that injured six people and displaced 70 residents highlights the need for tenants to purchase renters’ insurance.

Renters’ insurance is one of the most affordable insurance products you can buy. While prices may vary depending on deductibles and the amount of personal property covered, many tenants pay prices as low as $25 a month. That’s not a lot to pay to have an invaluable tool for peace of mind.

If you have a renters’ insurance policy, you’ll know that if your belongings are stolen, damaged or destroyed by fire, storms, smoke, vandalism or other covered causes, they will be replaced…

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