Renters Insurance and Apartment Insurance

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 When getting an insurance quote on your rental, condo or home, consider asking for a quote on an Auto Insurance policy as well. Often the insurer offers a discount if you carry both  Auto, Home or Renter Insurance policies with the same company. Free Quotes from qualified agents. 

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 You might think you don't need Renters Insurance if you rent, but think again! Add up the cost of your furniture, your electronic equipment, your CD collection, computer, garments and other personal property. Can you afford to replace everything in the event of a fire or burglary?  
 Renter's Insurance is relatively inexpensive. The average cost of renter's insurance begins about  $12 a month for around $30,000 worth of property coverage and $100,000 worth of liability coverage. 

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 Repair or replacement of your personal property damaged, destroyed or stolen as the result of various types of peril -- fire or lightning, windstorm or hail, explosions, smoke, vandalism, theft, damage by glass, electrical surge damage, and water-related damage from home utilities, and more. If your home is made unlivable by one of these perils, Renters insurance will pay for the associated expenses (cost of a temporary residence, meals eaten out, etc.). Coverage is usually limited to a percent of the total value of the policy. Renter's insurance provides the security of knowing that if you lost everything today, you wouldn't be forced to start from scratch. Renter's insurance can even cover you for personal possessions that don't happen to be in the apartment at the time of the loss. If that friendly tour guide in Milan happens to find his way back to your hotel and makes off with a suitcase full of your stuff, you don't have to just suffer the loss - in some policies.

 Although you will pay about 15 percent more for it, you're usually better off with replacement cost coverage, which pays for what it actually costs to replace the items you lost. Actual cash value, on the other hand, pays only for what your property was worth at the time it was damaged or stolen. 

 Typically you can lower your cost even further by getting a policy with roommates, increasing your deductible or having multiple policies with the same carrier (Renters insurance and auto insurance, for example). It's certainly cheaper than replacing all your possessions.

 Of course, you can always count on part of your landlord's policy, right? Well, not quite. Many renters are under the impression that their landlord's policy covers their belongings as well. Unfortunately that's not the case, and they often don't find that out until the worst possible time, after a disaster or a robbery. Your landlord's policy doesn't cover anything that's yours. The only exception to this would be if the loss was caused by negligence on the part of your landlord, and then you would still have to prove it in court. That is where Renter's insurance comes in.

 Complete our simple, quick form you will get FREE Renters Insurance  quotes so you can compare a number of insurance companies and plans to find the policy that gives you the best value for your money.  You'll also have the unbiased information you need, like how a company rates in the business world, so you can feel safe with your decision. Click here for the quick, free, Renter's Insurance Quote form or finish reading our guide.

 Here are just some of the facts you need to know when deciding whether or not you need renter's insurance.

FACT: Your landlord's policy does not cover any part of your belongings. It covers the structure alone.

FACT: Basic Renters insurance also provides you with liability in case someone is hurt in your home and decides to sue. An average policy includes about $300,000 in liability coverage.

FACT: A basic renter's policy covers 17 perils, but floods and earthquakes are not included. However, you can add flood and earthquake coverage for a relatively small amount of money. Flood insurance is covered by a  government - subsidized program and.

FACT: If you live in a dormitory, your parents' policy may cover you. If you live in an apartment, it probably doesn't. In either case, you should check with your parents and their agent and not take for granted that you're covered for Renters insurance .

FACT: The most common disasters are fire and flood. 

FACT: After a disaster, you may not be able to return to your apartment. Renter's insurance can pay for temporary housing or foot the bill for permanent relocation.

 The purpose of Renters insurance is to provide you with quicker  recovery by relieving some of the financial burden in the event of the unexpected.