There have been many earthquakes this past year. Do you have home insurance to cover it?
About 5 months ago I bought earthquake insurance. It was extra and I practically had to BEG for it from my insurance company (Statefarm). It’s an extra $60 for a year, which I don’t think is too bad. I think it’s worth it for the peace of mind, just in case anything does happen.
While we’re on the subject of insurance, do you rent? If you do, do you have renter’s insurance? I don’t rent, but I have many friends who are about to move into their own apartments.
How much do you pay? Do you think it’s worth it?
I absolutely think renter's insurance is worth it, especially as you start to acquire grown-up things. AND it's not expensive at all.
I do not have earthquake insurance because I live in the prairies, but we do have flood insurance…not that that is the same thing but just saying. Also I own a rental property with a friend (will be blogging about that eventually) and we encourage the tenants to get rentals insurance. If something were to happen anything inside the apartment/house could literately go up in smoke, and you would not get a penny for it without the insurance.
The Hills says
When we were renting, we had renters insurance through SF for about $14/month. I think the piece of mind was worth it in case anything happened to our contents. We live in Mississippi, which is very close to the New Madrid Fault – same fault that causes earthquakes around the Mississippi River area. I didn't release that, but SF recommended and added it to our homeowners policy.
I don't have earthquake insurance. My policy does have hurricane insurance.
Michelle Parker says
Thanks everyone for your input. Renters insurance doesn't seem expensive at all, I'll have to tell my friends.Anyone else? 🙂