Apartment Insurance, Who Needs it?

Insurance is not an investment. Insurance is protection against loss. I thought that people who live in apartments buy insurance to insure such things as their clothing, TV sets, computers, furniture, and etc. After all, people who buy houses insure their stuff. After watching the news, I seen crazy people set fires to apartments because of some dispute over drugs, women, men, money, and etc. Some do it just for fun. They could care less that they are burning several working families out of their homes. People smoking in bed and burning other families out. Sometimes a child is playing with fire and burns down the whole building.

In many cases, I hear that maybe one or two families out of 24 have apartment insurance. The rest walk away with just the clothing on their backs.

Apartment insurance is not that expensive. You can purchase it in most cases from your auto insurance company. You can buy insurance from insurance companies for $84 per year insuring up to $25,000. You can also buy insurance for $197 per year insuring up to $75,000. Most apartment insurance is in the price range of most people. So there is no reason not to insure you or your family against loss of property.