The Alabama Center for Insurance Information at The University of Alabama Culverhouse College of Commerce has partnered with the Property Casualty Insurers Association of America, to produce the online interactive Renters Insurance Guide and a printable brochure highlighting the importance of purchasing renter’s insurance.
It is in everyone’s best interest to have a backup plan with renter’s coverage and talking with your insurer or agent is a great first step. The average consumer spends $1,092.00 on coffee each year. However, a renter’s insurance policy on average costs $240.00 per year. When you look at it that way, it only takes skipping a few coffees to make sure your belongings will be protected if the unexpected occurs.