Mark Carrasquillo

While basic homeowners, condo, or renters policies should provide ample protection for ordinary possessions, if you own collectibles, you may need to boost your coverage. Standard policies provide little coverage for collectibles.

You'd be foolish to let someone enter your property without obtaining proof that they're insured.

Only 37% of renters have renters insurance, according to a recent Insurance Information Institute poll. They're taking a big financial risk.