Renters Insurance Popular In Minot | VideoJulie Leonardi | 3/12/2013
Farmers Union Insurance in Minot said they`ve seen a 10 percent increase in the last year of people buying renter`s insurance for their apartment. Policies are usually around $100 per year, and it`s optional. It just depends on how many valuables or assets you have to lose.
Steve Heilman, Farmers Union Insurance Agent, said heís seen many families start renting, and looking to buy renterís insurance. ďWeíve seen a lot of families moving in, not just single people. Especially with the oil field work, there are good jobs here, and the families have more assets to insure.Ē
Most of the local property management companies only insure the apartment itself, not the renter`s belongings.