No. of Recommendations: 0
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People forget if they had to go buy new clothes bed etc, man it adds up. I would not want to have ask mom and dad for that cash since i was too cheap to spend $15 a month to cover my butt.
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It seems to me that the basic principle of deciding on insurance is your personal risk assessment:
1. How much do you stand to lose?
2. What are the chances that you will actually suffer the loss?
3. How much risk do you personally feel comfortable living with?

The first two items are fairly objective assessments of dollar amount and probability of loss--I prefer to look for probability assessments from sources other than insurance salespersons. The last item--personal risk acceptance--is entirely subjective. It depends on your personal level of comfort.

For me, the relatively low value of my property in my apartment; the relatively low chance of thefts (even though I have recently suffered a bike theft--I now lock my bike in a safer place); and my personal willingless to live with a fair amount of risk: All of these together lead me to decide that renters' insurance, as a college student, is not worth it for me.
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