Read me at my day jobs. Also: Gift Card Granny gifts one of us.Posted by Donna Freedman on Feb 7, 2011 | 7 comments
Got renters insurance? You should, if you don’t own the place where you live. That’s the topic of my current column over at MSN Money.
“Who needs renters insurance?” talks about three underinsured groups: college students, the elderly downsizing to apartments or assisted living, and those who have lost their homes to foreclosure. It also gives the nuts and bolts of why anyone who isn’t a homeowner needs to get coverage, pronto.
A policy may set you back as little as $100 a year, especially if you bundle it with coverage on home or car. I pay about $130 annually, and hope to God I never need it.
Researching the piece brought a couple of surprises. An agent told me about a claim for a freezer full of food that went bad during a sustained power outage. Covered!
I talked to one woman whose car was stolen with her dry cleaning in the trunk. The car was found in a different state. The expensive business suits? Not found. Renters insurance paid for the work wear (minus the deductible, of course).
I also talked to a man who requested a quote but didn’t act on it right away. A week later the apartment building went up in smoke, leaving him, his pregnant wife and his mother-in-law with little more than what they were wearing when they escaped.
Seriously: If you don’t have renters insurance, please talk to an agent.
Speaking of full freezers: My latest piece for Get Rich Slowly is up. “Fight rising prices by building your own food bank” offers tips on investing in food futures, i.e., creating a nice deep pantry at the lowest possible prices.
The discussion has been lively, and has included some additional tips for saving money. Of course, a few commenters carped about how this could never work for people in apartments or small houses.
Um, folks, I live in a one-bedroom apartment. With a little creativity, you’d be surprised how much food you can put by. It also helps if you don’t mind sharing your bedroom with a freezer.
Remember that Gift Card Granny contest that I wrote about recently? I’m delighted to announce that a Surviving and Thriving reader won it.
Marcia Carli of Chicago will get the $250 gift card of her choice. She’s picking Kohls, to buy spring and summer clothes for her kids.
See, these contests are real. Enter them! Here are two links to get you started: