If beer is silly to you, you can make the example not so silly by substituting just about any discretionary item of equal value for the Six-Pack of beer. However, the point remains the same, every day Renters choose to remain Un-Insured for what would be the cost of ONE SIX-PACK of Beer.
Certain types of personal property have sub-limits on amounts payable upon a loss. The most commonly seen limitation is the $1,500 restriction on Jewelry, (think Engagement Rings).
I had Eric Narcisco, Managing Director of www.EffectiveCoverage.com, Americas premier Renter Policy purchasing portal, write a brief article on the growing trend of Property Owner’s requiring Tenants to hold Renter Policies:
