1575 Pearl Rd Brunswick | 330.225.5605

Renting your first apartment is a great feeling. You get to enjoy all the perks of being an adult and have plenty of free space to have friends over or just hang out by yourself and binge-watch your favorite show on Netflix without being disturbed. However, with this newfound freedom comes some extra responsibility. 

When you were under your parents’ roof, damages to your property would be covered under their insurance. Now that you’re on your own, you need to figure out where you’ll come up with hundreds or even thousands of dollars if there’s a fire, flooding, robbery, or other types of damage to your possessions. Obtaining renter’s insurance is advised if you just recently rented your first apartment, and it’s much more feasible for young people to have than you might realize.


You might not be aware of this, but renter’s insurance is actually quite affordable. On average, most renters pay as little as $15 per month. The amount that you pay depends on the number of things that you have to cover, but most people’s possessions total less than the cost of a property, so the premiums just aren’t that expensive.

Replacement Coverage

Renter’s insurance pays to replace your belongings if they are stolen, damaged or destroyed. The exact terms of policies can vary, but most will cover the replacement cost if there is a fire or flooding in your rented house or apartment complex. It will also cover your possessions if someone burglarizes your home, and many policies will even cover your belongings if something is stolen out of your vehicle. For instance, if you left your laptop in your car, someone might steal it while you were away, but that item would be covered under many policies.

Temporary Living Expenses

There are times when renters have to temporarily leave their rented homes because there’s a hurricane or fire that significantly damages the property—making it uninhabitable. In these cases, renter’s insurance will pay for living accommodations. It may also cover other expenses that are beyond what you would normally pay, such as extra money spent on food if you’re forced to live in a hotel and eat out. 

If you’re new to living on your own, you should definitely know about all the benefits of renter’s insurance. It can save you a lot of money and headaches later if disaster strikes, and it will give you the peace of mind to know that you’ll have what you need.

Ready to get started? Lazor Agency provides renter’s insurance and other insurance products to residents throughout the Northern Ohio area. Get a quote today and learn more about your renter’s insurance options.