We have been renting out for more 7 years already. We have rented 3 different homes, a few months on our first, almost 3 years on our second and 4 years on our third, which is the one we are currently living. Last September 2009, something happened to our home. OK not just our home but the whole Metro Manila. The city was submerged to flood for days. Just imagine the damaged it did to the house and some of our appliances we were not able to save. Lucky for those who own their houses, they got insurance to pay for the damage For us who are just renting, we have no choice but to shoulder it. I wonder why we don’t have home renters insurance here in the country. A simple insurance where in the possessions of the renter is insured can do a lot of good to us. That would be a lot cheaper than the usual house insurance.