When I bought my first renter's insurance policy, the agent asked how much my things were worth. I had no idea. I guessed. Later I made a home inventory, and I was surprised. My things were worth much more than I thought. Here is why an inventory matters, and how to make one. Why Make a Home Inventory? A home inventory is a list of what you own. It helps in two big ways. It helps you pick the right amount of coverage. You can see what your things are really worth. It helps yo

When I signed my first lease, I thought my landlord's insurance covered me. It does not. The landlord's policy covers the building. It does not cover my things. Here is the insurance I now think about as a renter. Renter's Insurance This is the big one for renters. It is often low in cost. Some landlords even require it. Most policies include three main parts. Personal property. This helps pay to repair or replace your things if they are stolen or damaged by a covered event,

When I went to my first walkthrough, I brought my phone and nothing else. The place was great. Then the agent asked for my pay stubs, and I did not have them. Someone else applied first. Now I bring a small kit every time. Here is what goes in it. Your Papers Good places can go fast. Having your papers with you means you can apply on the spot. A photo ID, like a driver's license or passport Proof of income, such as recent pay stubs, an offer letter or bank statements Referenc