Sure, it's always better to be safe than sorry, but sometimes being safe is costly and troublesome — and turns us off. Renter's insurance, for example, seems a necessary precaution to protect your rental apartment or home. But a recent poll among my friends revealed that even savvy, intelligent women are too bothered by the hassle and the anticipated cost of signing up.
If renter's insurance doesn't seem like a big deal to you, look at it this way: if you're a renter and something happens to your home, you might lose everything, and no one is responsible. Not your property manager. No one. Even in the event of a fire or a flood, your landlord is not legally responsible to cover the damages. Don't take my word for it; read these renter's nightmares and you just might be convinced to get yourself insured. And the truth is, it's actually pretty low-cost — depending on your policy, you could spend as little as $20 a month. So, tell me, do you think renter's insurance is worth the trouble?