For all tenants looking for a place to rent, there are typically five steps to the process:
Step 1: Set a price range and make a budget
Step 2: Choose a location
Step 3: Begin the search and take a look at what could be the potential home
Step 4: Make a decision
Step 5: Start packing
Now, it may seem like a straightforward guide in looking for a rental home, however, all tenants should consider adding tenant insurance to the list. Oftentimes, landlords may require the tenant to have tenant insurance as an agreement when they apply to rent.
Tenant insurance, which is also known as renter’s insurance, is a property insurance that provides coverage for the renter’s belongings, liabilities and in certain cases their living expenses in the event of a loss. Tenant insurance is available to persons renting or subletting a single family home, apartment, duplex, condo, studio, loft or townhouse.