No. of Recommendations: 0
yankeesmyteam writes,

you have to break down the insurance by category. for example take your homeowners or renters insurance and add it into your housing expenses and that should not be more than 30%

I'm not sure I understand this.

If I'm paying $500/month rent on an apartment, should I be paying 30% of that ($150/month) for renter's insurance? That's $1,800 per year! It seems to be about 10 times what it should cost.

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