Blogger BlogNet40992

Rental Insurance - What it Can Do For You!

Published Wednesday, August 27, 2008 by bloggerblognet83280 | E-mail this post

Are you a college student? Do you pay rent? Or are you just concerned about your personal possessions? You may feel that you don't own enough to make renter insurance worthwhile, but you might be surprised at how quickly books, CDs, and kitchen appliances can add up. Renters insurance may be exactly what you're looking for and it is able to easily fit into any budget.

Why Would I Want to Buy Renters Insurance?

You are at a great financial risk if you rent your home and do not have renters insurance. It protects you in many ways:

Renters insurance will replace your personal possessions if they are stolen, vandalized, or damaged by natural disasters such as fire, windstorms and hail.

It will also pay for you to live elsewhere if the place you are currently renting is damaged and needs time to be repaired.

Renters insurance also covers you if someone were to be injured while visiting you. What if someone were to slip and sprain their ankle within your home? You may even receive compensation for legal defense costs in case of any legal action against you.

You will also be covered if you were to damage someone else's property. If you were to leave your bath tub running and it dribbles downstairs, damaging your neighbor's couch, you could be responsible for all the damages.

It may also cover other incidents...such as property being stolen from your car, or a suitcase being stolen while on vacation.

How to Find a Policy

Is $10 to $25 a month too much? Renters insurance is very inexpensive, and usually ranges from $100 to $300 a year for $30,000 worth of coverage. The rate will depend on a few things, as well as assumptions (smoke alarms, fire extinguishers).

The location of your residence

The construction of the building you're currently living in

The deductible you have, for lower rates you can raise the deductible. But for more protection, you can pay more for replacement cost coverage, in which reimbursement is based on today's replacement cost rather than original value.

Your decision of whether you wish to receive the actual cash value of your damaged or stolen belongings, or replacement coverage.

Where Would I Get Cheap Renters Insurance?

In order to get the cheapest rate possible, it is important to go to an insurance comparison website where you can compare quotes from different companies. On the best websites for this, you can also speak with insurance professionals live to get the answers you need for all your insurance questions.

Ali Hester is the author of another article on insurance coverage for renters Find more information about Affordable Renters Insurance here at http://renterssite.com

Blogger BlogNet40992

Rental Insurance - What it Can Do For You!

E-mail this post

0 Responses to “Rental Insurance - What it Can Do For You!”

Leave a Reply

Blogger BlogNet40992: Rental Insurance - What it Can Do For You!

Previous posts

Archives

Links