Back in the good old days insurance rates were determined by the driver’s age, sex, driving record and the type of car. At that time you paid for homeowners insurance based on the type of construction and you got a big discount if you lived within three miles of a fire station.
Everyone knows that when you own a home, you need to insure it. But what if you’re renting? Unless you own a lot of expensive furniture and household items, there’s no point, right? Wrong!