hello. i live in an apartment and have renter’s insurance. i’ve never had to use it, so i’m going to cancel…

hello. i live in an apartment and have renter’s insurance. i’ve never had to use it, so i’m going to cancel it to save money. i’ll get it again if any of my stuff is damaged or stolen. if i do this, do you think the risk to my assets goes up or goes down? select risk goes up or risk goes down.

hello. i live in an apartment and have renter’s insurance. i’ve never had to use it, so i’m going to cancel it to save money. i’ll get it again if any of my stuff is damaged or stolen. if i do this, do you think the risk to my assets goes up or goes down? select risk goes up or risk goes down.

Answer

Answer:

Risk Goes Up

Brief Explanations:

Renter's insurance covers asset - damage or theft. Canceling it exposes assets to uninsured risks.