Renter’s insurance is an inexpensive way to protect you for personal liability and protect your personal property for damages from fire, smoke, wind/hurricane, vandalism, theft, water damage and a few other items. Sometimes you can even get a discount on your automobile insurance if you have them together. Renter’s insurance does not provide coverage for the structure of the home or apartment, the owner is responsible for that. In fact, more and more owners and property managers are requiring tenants to have renters insurance by protecting you both from the possibility of lawsuit. Renter’s insurance can also cover Additional Living Expenses that occur when your home is not suitable for living after a claim.
Here are some items to consider when determining if you are a candidate for Renter’s insurance:
Here are some things to consider about the coverage’s you may need:
Discounts to lower your premium are given for:
Additional charges may apply if you have a claims history, bad/not so good credit, certain breed of dogs, and/or if you are in a high crime, higher risk area.
In the event of claim, notify your agent or carrier as soon as possible. Always keep an inventory of personal property and keep it at an offsite location. Having receipts/photos/serial numbers of high items is very helpful in a claims situation. Make a police report if a crime has been committed. And takes steps to prevent claims, such as keeping your doors locked, utilizing your burglar alarm, check the batteries in your smoke detectors, and learn fire safety/prevention tips. Keep walkways, entry ways and other area’s clear of debris to avoid someone tripping and getting hurt.
Agent Advice - Will A Car Alarm Lower My Insurance Premium?
Yes it can, but maybe not as much as you might expect. A car alarm is a theft deterrent. And in some cases will prevent vandalism. These are perils that are covered under the Comprehensive or Ot...
Read More →
Agent Advice - There’s too much insurance on my house
Many people believe they have too much insurance on their house because they do not owe as much as replacement cost or because the market value of their home is not the same as replacement cost. T...
Read More →
Choosing Personal Injury Protection
Personal Injury Protection, also known as PIP, covers you and your passengers from an injury related expense as a result of an automobile accident, regardless of fault up to the limits on your poli...
Read More →