Family Finances: Why You Need Renters Insurance

Family Finances: Why You Need Renters Insurance
It could go a long way toward protecting your property and finances. Dreamstime/TNS
Tribune News Service
Updated:
By Emma Patch From Kiplinger’s Personal Finance

Most homeowners know that they need homeowners insurance to cover loss or damage to their property—and if you have a mortgage, you usually have no choice. But if you’re one of the more than 100 million Americans who rent their residence, don’t overlook the value of renters insurance.