How Much Does Renters Insurance in Boston Cost & Is It Worth It?

Some people are under the false impression that the property owner’s insurance also covers the tenants’ personal items. However, that is not the truth. Your landlord’s property insurance covers damage or destruction of the building, but it doesn’t cover your stuff, or your liability if a third party becomes injured in your Boston apartment.

The good news is that renters insurance in Boston protects both you and your belongings. If you are leasing a Boston apartment for the first time, or have not given it much thought before, read on to find out if it’s truly worth it.

How Much Does Renters Insurance Cost in Boston?

Basic renters insurance in Boston costs approximately $180-$360 per year. However, there are renters insurance plans available for as little as $12 per month. Your insurance company will typically offer various payment options- monthly, quarterly, or yearly- that may be easier to fit into your budget. That’s a minor expense when you consider the big picture. If you think about it, for only $180 per year, you can sleep soundly knowing that everything you own in your Boston apartment is protected. That’s the cost of one nice dinner for two in the city.