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Renters
Insurance policies are for damaged
or stolen valuables should there be a covered loss. Renters
Insurance also protects you in the event you are responsible for
bodily injury or property damage to others. Available for apartments, rented house, condo,
co-ops, dormitories, and roommate arrangements. Learn more
about Renters Insurance.
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Many
landlords now require Renters
Insurance as a condition to rent.
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AFFORDABLE RENTERS
INSURANCE - from $9.00 per month
depending on coverage and location.
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With
Rentlaw.com
online renters insurance quotes
receive information from our partner renters insurance companies
enabling you
may make the best decision for your rental unit.
Get
Renters Insurance
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Example: Suppose
you have a visitor they slip and wind up breaking an arm? Who's responsible for
medical costs? In most circumstances
you are.
Renters insurance generally provides "named peril"
coverage, meaning the policy states specifically what you are
insured against.
While your visitor may sue you, they may still try to go after
the landlord as well. |
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GET RENTERS INSURANCE FROM THE BOX BELOW
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RENTERS INSURANCE
and THE LANDLORD
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RENTERS INSURANCE LETTER
(PDF)
Landlords should print this
letter and give to new and existing tenants advising them to
obtain Renters Insurance. Landlords may want to get a copy
of the Tenant's Renters Insurance policy and verify each
year that it is current. |
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Liability
coverage also includes Medical Payments coverage, which
applies to nonresidents of the rented premises. This
coverage pays for the actual medical expenses incurred up to the
limit for a non-resident guest.
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Always
read the contract for specific explanations of coverage and
exclusions.
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Renters
Insurance Quote
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Get
Renters 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.
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Renters
Insurance Costs
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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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Rates
vary depending on coverage, location and amount covered.
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| Renters Insurance may cover |
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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. |
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Get
a FREE QUOTE
on Renters Insurance
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Actual Cash vs. Replacement Cost
Value? |
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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. Get
Renters Insurance |
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| Lower
Your Insurance Costs |
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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. Get
Renters Insurance |
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| Landlord
is Responsible, right? |
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Renters may assume 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 that wouldhave to be
proven in court. That is where Renters
insurance comes in. |
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Get
a FREE QUOTE
on Renters Insurance or read on
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| Complete
the quick form |
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Complete our simple, quick
form to get Renters Insurance quote s
so you can compare several 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, so you can feel safe with your
decision. Click
here for the quick, free, Renter's Insurance Quote form. |
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More
Insurance Facts. |
Get
Renters Insurance |
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Your landlord's policy does not cover any part of your belongings.
It covers the structure alone
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Basic Renters
insurance also provides you with liability in case someone is
hurt in your home and sues you. An average policy includes
about $300,000 in liability coverage. Ask you renters insurance
agent.
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Flood
insurance is typically covered by a government subsidized
program. Ask your agent if you are in an area that may
flood.
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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 .
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After a disaster, you may not be able to return to your apartment.
Renters
insurance may pay for temporary housing or pay for permanent
relocation expenses.
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Find out more on Renters Insurance |
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Talk to an agent today and
get your Renters Insurance Policy. Be insured.
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