Copyright 2016 The Home Insurance Guide, All Rights Reserved

Getting The Cheapest Renters Insurance

Are you wondering if you need renters insurance? Risk is a part of everyday life. Most people especially young people avoid thinking about risk until something bad happens. The what-ifs get left behind as we worry about more urgent and pressing problems like work, family, and money. Most people would rather put off worrying about what could happen and instead focusing on the now and what is happening. Looking for renters insurance? Want to know how to get the best rate with a reliable company? Read the following information to fully understand renters insurance. Why You Need Renters Insurance You may be under the impression that your landlord's insurance will cover you if something happens to your personal possessions. Guess What? It won't. Your landlord's insurance only covers damages to the building you live in. Fires, floods, hurricanes, and tornadoes are becoming more commonplace. Liability lawsuits are also on the rise. If you don't have renters insurance, you run the risk of losing everything your own. What Renter Insurance Covers Renters insurance will pay to replace anything you own that's been stolen, or damaged by fire, smoke, plumbing leaks, vandalism, explosions, hail, or storms. It does not cover damage done by earthquakes or floods, so you'll need to purchase additional insurance if you live in an area that's prone to these disasters. Renters insurance also covers you if someone is hurt in your home and sues you. It pays for that person's medical expenses, personal property damages, and any legal fees you may incur. Last, but not least, if your residence is damaged and you need to live elsewhere while it's being repaired, your renters insurance will pay your hotel and restaurant bills until you move back in. How to get cheap renters insurance Get reliable websites and online agents that offer quality insurance services to renters: This is not a very difficult task if you are sure of your way when using the internet. There are search engines that may link you to your desired insurer or agent. Results are known to change often because search tools update their database at every moment, so on a particular search, you may see an insurance provider now, and after some few minutes, you may not see that insurance provider for a very long time. Also, for more current results and comparison purposes, it is wise to get new insurance providers that have proven themselves by giving quality service to interested insurance buyers. Collect your free quotes One regular sight you will discover the websites you have is a quote estimator box. This estimator requires that you choose your insurance type and enter your zip code. Some websites may give you quotes from more insurance providers than others, no matter the situation you find yourself, it will be wise for you to work with those with a large network of insurers and those that will give quotes from as many as five trusted insurance providers. The more different the quotes you have to compare are, the more likely you will get the right coverage from a reliable insurer. What indicates that your deal the best is simple. First on the list is the coverage quality it provides, it must cover your insurance needs adequately. Secondly, it should not put a hole in your pocket (that is, affordable) and finally, the insurance company must be a reliable one that has a known history of high quality service.
Renter’s insurance: do student tenants need it? College students in particular really need renters insurance. The following article explains why … It was Halloween, but Kerry Regan got more of a scare than she was hoping for when an intruder broke into her McKee Place apartment. An intruder burglarized Regan’s apartment in the early hours of Oct. 31, taking her laptop, wallet and car while Regan was asleep. In the days following the break-in, she had to piece together the remnants of the incident by filing a police report and then reporting the incident to her insurance company — making use of a policy she never thought she’d have to use. “It was an awful experience to be violated like that. But knowing my policy would cover the damages, it put a little ease into my mind,” Regan said. While Geico — Regan’s insurer — has not issued her a check for the claim yet, it did inform her that it would be covering the cost of the laptop entirely. Regan said once she reported the incident to her insurance company, she had to file forms and copies of the police report with it in order for it to be covered. Pitt’s Office of Off-Campus Living says on its website that it strongly encourages all student tenants to purchase renter’s insurance, especially for incidents like Regan’s that can arise at any moment. When landlords don’t explicitly require renter’s insurance in the lease, students often ignore the advice to get a policy. What is renter’s insurance? Renter’s insurance is typically a monthly fee you pay to an insurance company that will reimburse you if any of the furniture or appliances in your apartment — or any of your personal belongings ––  are stolen or otherwise damaged. These insurance policies generally cover three main things –– personal property protection, replacement coverage and personal liability. Personal property protection is coverage for the loss of personal property due to fire, theft or water damage. The renter chooses a set limit for personal property protection, which they usually do not set above $10,000, at the time of purchase. Read the complete article by clickiing on the button below.
read more read more
Finding the cheapest home, auto, and life insurance
The Cheap Insurance Guide