Understand Renters or Homeowners Insurance:

Whether renting an apartment or owning a home, protecting your living space and belongings is essential. Renters insurance provides coverage for personal property, liability protection, and additional living expenses in the event of covered perils such as fire, theft, or vandalism. Homeowners insurance offers similar protections, along with coverage for the structure of the home itself. Understanding the nuances of renters or homeowners insurance ensures that millennials have adequate protection for their living arrangements and possessions.