If your kids or grandkids are heading to college or you're looking into renting instead of buying a vacation home, you've probably heard about renters' insurance. While some landlords are starting to require it, if yours doesn't, you might be asking, "Do I really need renters insurance?" The answer is yes, and, to show why, here's how my policy helped me navigate an all-too-common problem renters face.
One fall, my worst fear as a renter became a reality: A pipe burst in the apartment directly above mine, flooding my apartment. What made the situation even worse was that I got the news when I was out of town visiting family.
