Home prices continue to soar, student debt problems affect more Americans than ever and, fears of the housing market crash continue to keep potential property buyers at bay. All these have resulted in the rising number of renters, with more US households renting than at any point in the last 50 years, the CNBC reports.

If you’re part of that statistic, here’s why you’ll want to shop around for renter’s insurance in Tampa.

You can afford it

Not getting one because you think it’s going to cost you a hefty sum? That’s not quite true. With costs averaging at $187 a year, you can afford to get one. This is one way to protect your property, especially if your personal belongings are worth $20,000 or more.

It covers your losses

A good policy will protect you from losses to your assets. This includes electronics, furniture, computers, luggage, jewelry, clothes and other items you may own. If you don’t want to spend the money to replace all that, a renter’s insurance in Tampa from Fearnow is one way to save on costs.

You need it

If your landlord’s insurance doesn’t cover your belongings, your landlord may require you to shop around for a renter’s insurance. If you want to sign that lease, then finding the right policy should be high on your list.

It works for your travels

Renter’s insurance is in effect even when you’re at home, in the car or traveling. That means you won’t have to worry about shelling out the full amount of cash to replace any belongings you may lose to theft, accidents and other covered losses.

It gives you living expenses

In case your home becomes inhabitable, this insurance policy can offer additional living expenses. Since different insurance providers offer different insurance products and features, check for this one before you pick a policy.

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