We have car insurance and life insurance so it only makes sense to look into renter’s insurance. I don’t think Andrew and I ever thought about renter’s insurance as something we needed at this stage in our lives, but as soon as we became engaged, and Andrew gave me a gorgeous diamond ring, we now have reason to re-consider. If something were to happen to my ring I think I would have a heart attack!
So Andrew looked into some options for us. What he found out was that living in a big swanky city like Vancouver makes it twice as expensive to purchase insurance than if we lived in a smaller town. It is going to cost us over $400 a year to purchase renter’s insurance which will cover our household items up to $40,000, including $6,000 worth of jewelry.
We don’t even own $40,000 worth of stuff yet. Plus, Andrew says…the ring did not cost THAT much. And I reply: but it’s a great excuse to buy me some more expensive jewelry… (wink!)
You can probably guess who’s the saver and who’s the spender in our relationship…