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Personal Narrative: Homeowner's Insurance

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I own my home and have homeowner’s insurance. Although, I have never filed a claim, we have had an appraiser come out to look at storm damage on our roof; we hoped we were eligible for a new roof. Unfortunately, the damage caused by the storm was around $1,500.00 and our deductible was $1,000.00. I was worried about premium increases and decided not to file a claim and instead replace the roof which I desperately needed.
On another note, I rented in the past I did not have renter’s insurance for two simple reasons: one I didn’t think I could afford it and two: I felt I didn’t have anything valuable enough to have coverage. After reading through Chapter 10 I realize that I was fortunate that I never need renters insurance because there is

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