I was recently reminded of an article I wrote with the same title as the title of this post, for the defunct Jewish blog, Jewneric, back in 2008. I was married for a little over a year and renting an apartment in Manhattan at the time. While I have been a homeowner for 11 years now, my advice to anyone renting an apartment, young or young at heart, I would still double down on this advice.
Here’s the article, written by me in my mid-20’s with some sage wisdom:
Here’s a bit of a follow up:
Our insurance company at the time assessed that it was likely our Shabbat candles that did the damage, combined with our water-resistant table cloth, which happens to be highly flammable (we had no idea – we were young and still learning). The great news was that we were cut a check for 90% of our total policy. That allowed us to replace destroyed items, but it also allowed us to bank a decent chunk of change that inevitably allowed us to put a downpayment on our first home 2 years later.
Do your research, and see which companies offer the best plans for you. Companies like Lemonade, Allstate, StateFarm, Progressive, Liberty Mutual, and others are great places to start.
Dani Klein is the founder of YeahThatsKosher, is passionate about global travel, good kosher food / restaurants, social media & the web, technology, digital marketing, and spending time with his friends & family.
Dani has an MBA in Marketing and works in the Social Media Marketing field for a large media agency.