Is Renters Insurance Your Plumbing Lifesaver? Find Out Now
Evaluating the Cost and Benefits
Renters insurance is relatively affordable, with average premiums ranging from $15 to $30 per month2. This cost is minor compared to the potential expenses incurred from water damage. For instance, the average cost of repairing water damage can be upwards of $2,0003. By investing in a renters insurance policy, you are essentially purchasing peace of mind, knowing that your financial burden in the event of a plumbing disaster will be significantly reduced.