If you’re a renter, you shouldn’t try to cut costs by skipping on renters insurance. Mike Delgado, director of social media at the credit bureau Experian, said he made the mistake of not paying for renters insurance for years.
“I thought I was being frugal by not paying that monthly fee,” he said. “And then someone broke into my garage and stole my not-so-frugal mountain bike.”
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