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1st May
written by LS Girl

Moving out.  Getting your own place.  “My first apartment”.  There are many decorating tips out there, and once you are all settled in, I want you to consider getting renter’s insurance.  Additionally, if you are looking for a great house warming gift, consider kicking in some $$$ towards your friend’s policy.

If you are an apartment renter, please read this and share it with renters you know.  Help inform others  by spreading the word, because –  The loss of everything you own, through no fault of your own –  Stinks.

Not long ago, I lived in a condominium and the unit above had a pipe burst.  The water ran all night, filling the neighboring condo with over a foot of water, which eventually found a path through the walls and into my unit.  I was flooded wall to wall.  Every square inch of my place had water in it.  At first, you might think, “that sucks”.  Yes, it did suck.  What sucked even more, was this:


  • Moving out, and living a hotel for two weeks, with only the clothes I kept in my dresser drawers, because the rest were water damaged.  (Sewer pipes flooded the condo.  Anything wet was hazardous). 
  • Gathering my shoes (almost every pair, because they were kept in the bottom of my closet), every article of clothing hanging on the bottom rack of the closets, all the curtains that absorbed water as it cascaded down the walls, family photos I “safely” stored in the closet, the list goes on… and throwing it all in a dumpster. 
  • The cleanup company elevated the wooden furniture using foam blocks, and later treated the wood with chemicals leaving a few salvageable pieces.  Nothing upholstered or made of particleboard, survived.


This could happen to anyone, even you.  This disaster, coupled with the weather events of the last few years made writing this essay feel like an emergency, and a responsibility.

Luckily, I had invested $20 bucks a month in an insurance policy for renters.  Do you know what that $240 investment did for me?  The same thing it would do for you:


  • The two-week stay in the hotel:  Covered.  I didn’t pay for the hotel; it was covered under the policy.
  • The clothes, furniture, and belongings:  Covered.  I received a check for over $7,000 to replace my things.
  • The family photos:  Gone forever, unfortunately. (Hey…it’s an insurance policy, not a magician)


Here is what my insurance agent, Liz had to say when I asked her to provide a few details while I was writing this blog post:

“An average renter’s policy is between $200 and $250 a year.  If they put the auto with the renters, the credit on the auto sometimes offsets the cost, if the company that you put them with offers the account credit.  The benefits of a renters policy is if loss happens they are not starting from square one having to buy new clothes, furniture, etc.  You also cannot control the habits of others who may cause a loss, leaving you with nothing.  It also offers some liability not only at the residence but also on the golf course or ski slope, etc.  Hit a golf ball break a car windshield could go to your home policy for coverage.”

Let’s take a closer look at what Liz is saying:

Cost:  $200-$250 per year –  that’s 68 cents a day to protect all your stuff.  When you secure a renters policy through the same company that insures your car, they usually offer a discount of almost the same amount:  THIS MEANS THE RENTER’S INSURANCE IS VIRTUALLY  FREE.  FREE RENTER’S INSURANCE! 

Your neighbors:  You live in an apartment now.  One wrong move by a neighbor could mean the loss of your laptops, iPad, music, video game consoles, that cool rug you bought at Target, and those designer jeans you splurged on:  All gone.

A mishap:  The policy covers things, even when outside the home.  Let’s say you and some buddies go golfing, and a golf ball hits the windshield of a new Veloster sitting in the parking lot.  This is covered by your homeowner’s policy, in most cases.

So, if you are moving out… locate the auto insurance card in your wallet or glove box, call the number for your agent, and get yourself some renter’s insurance!

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  renter's insurance

apartment insurance


A great insurance agent is an important addition to anyone’s Life Skills arsenal, and I recommend working with a firm that represents multiple insurance providers.  To find an agent near you, type into Google:  insurance agent your town, state (insurance agent Denver, CO as an example).  This should pull up a list of agents near you.

Thank you Liz, for providing the details in this blog post. Visit Liz on the web  My agent since 1996.

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Life Skills – Moving Out

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  1. 05/05/2013

    I want to apologize for my last comment. I read your blog in haste. I just reread it and find I was wrong. It did not come off as a sales pitch. It was very well thought out, stated and humorous. Good job.
    As for the way I come up with topics. It is my biggest challenge. After 327 programs it is not easy. Things just sort of keep popping into my mind sometime during the week that sets me off. Once I get started….

    All the best in with your blog. If I can help in any way just let me know.


  2. 06/05/2013

    Thank you for this comment, it is greatly appreciated. To anyone reading this, please consider subscribing to Del’s podcast: Retirement Talk – his seven or eight minute podcast episodes are thought provoking, and will be of interest to anyone, at any age, either as a look towards the future with inspiration, or as a comfort and understanding of what retirement can mean. I found Del while researching a story I was writing, and I am now happily hooked on his podcasts!