Who Needs Renters Insurance Policies?
Who Needs To Buy Renters Insurance Policies? Since you may rent a house or apartment, and not own it, you may think that you do not need coverage.
But we think that most renters would do well to invest in a policy for themselves.
Premiums are usually very low, and they can be very valuable if you do need to make a claim.
What Are Some Valuable Features of Renters Policies?
We would also suffer if we had to find a motel to live in while our rented homes were being repaired.
We cannot assume that a landlord will eat these costs either.
In fact, it is probably much safer to assume that we will have to bear the burden.
The small cost of a policy should be compared to the larger cost of not having coverage when you need it! If you were displaced from your rented home, it would be great to have an insurer to call who will pay for temporary housing in another apartment or motel room.
If you had a lot of your precious items stolen, it would be good to know that an insurer would pay to get them replaced.
In my opinion, this coverage would be a bargain.
Renters Insurance Policies Are Often Very Cheap Most renters policies are very affordable, especially when compared to homeowners policies.
The actual rate will depend upon your coverage amount, where you live, and the insurer.
Your premium would probably be higher in New York City than it would be in suburban Houston, for example.
I have seen them go for less than $20 a month though.
I have also seen large insurers who offer multiple policy discounts! If you need to insure a vehicle and your rental home, you may get a great discount on your auto policy.
Sometimes, when you factor in that auto policy discount, the renters policy barely costs you anything! How To Find Renters Insurance It is pretty easy to comparison shop for good policies these days.
You can use a fast and free web based quote form that will match you with top insurers in your local area.
You can choose one of these quotes, or you can keep shopping.
You are not under any obligation because you used the quote system.
But we think that most renters would do well to invest in a policy for themselves.
Premiums are usually very low, and they can be very valuable if you do need to make a claim.
What Are Some Valuable Features of Renters Policies?
- Personal Property - Even though you rent, you probably still own a lot of valuable things.
You have a TV, computer, clothes, and furniture.
You may have a music or movie collection or jewelry.
Since you probably got these things over a long period of time, you may not sit down to think how much it would cost to replace these things. - Relocation Coverage - I just saw a tv news segment about people who were displaced from their apartment building because a storm took off part of the roof.
Many of the residents had nowhere to go live because they could not return to their complex after the damage was done.
If you could not live in your current dwelling, would it strain you to have to find another place to live?
We would also suffer if we had to find a motel to live in while our rented homes were being repaired.
We cannot assume that a landlord will eat these costs either.
In fact, it is probably much safer to assume that we will have to bear the burden.
The small cost of a policy should be compared to the larger cost of not having coverage when you need it! If you were displaced from your rented home, it would be great to have an insurer to call who will pay for temporary housing in another apartment or motel room.
If you had a lot of your precious items stolen, it would be good to know that an insurer would pay to get them replaced.
In my opinion, this coverage would be a bargain.
Renters Insurance Policies Are Often Very Cheap Most renters policies are very affordable, especially when compared to homeowners policies.
The actual rate will depend upon your coverage amount, where you live, and the insurer.
Your premium would probably be higher in New York City than it would be in suburban Houston, for example.
I have seen them go for less than $20 a month though.
I have also seen large insurers who offer multiple policy discounts! If you need to insure a vehicle and your rental home, you may get a great discount on your auto policy.
Sometimes, when you factor in that auto policy discount, the renters policy barely costs you anything! How To Find Renters Insurance It is pretty easy to comparison shop for good policies these days.
You can use a fast and free web based quote form that will match you with top insurers in your local area.
You can choose one of these quotes, or you can keep shopping.
You are not under any obligation because you used the quote system.
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