3 ms·
Can you cover the cost of everything at once? If that's the case, good for you, but I pay for insurance to cover those one in a million chances like the house b
by jon-wood 11y ago
Can you cover the cost of everything at once? If that's the case, good for you, but I pay for insurance to cover those one in a million chances like the house burning down with everything in it. It's entirely possible I'll never claim, but if my house just burnt down I don't want to be worrying about where I'm going to find money for a hotel tonight, and replacing everything I own tomorrow.
- papercrane 11y agoRenters insurance isn't just about replacing your belongs, it also is about liability coverage (e.g. someone is injured in your apartment.)
- VLM 11y agoInsurance is state by state. And the $10K I had on my apartment before I dropped it wouldn't pay for a paper cut in the ER anyway. At least it was extremely cheap like $10/yr as some kind of package deal with my car insurance. That was for a masonry and steel and tile apartment building, likely a wood house would be much more expensive.
- simoncion 11y ago> Can you cover the cost of everything at once? Yes. That's why I said that I could cover the replacement cost of everything. :) My real loss would be the data that doesn't have offsite backups. I'm unaware of any RI policy that will cover highly-competent data recovery services. (And if one exists, I expect that it will be outrageously expensive.)
- Joof 11y agoA good test may be how long you have to be saving the insurance payments to cover everything.