Best Place to Compare Renters Insurance to Get the Best Rate

As a renter, you need renters insurance to protect your personal possessions from theft, vandalism, fire, and a host of other disasters. Here’s what renters insurance covers and the best place to compare renters insurance to get the best rate.

What Renters Insurance Covers

Think you don’t need renters insurance because you don’t own anything or because you’re covered by your landlord’s insurance? Think again! You landlord’s insurance only covers the physical building you live in. It does not protect …

* Your personal property

* You if someone is injured while visiting you

* You if you damage someone else’s property

You need renters insurance to provide this protection.

Can I Afford Renters Insurance?

Renters insurance is relatively inexpensive, usually only a couple hundred dollars a year. You can save even more by …

* Buying your renters insurance from the same company where you buy your auto insurance so you can get a multi-policy discount.

* Asking your insurer if you qualify for any discounts such as a non-smoker’s discount. Also check if your rental has safety features such as burglar alarms, smoke detectors, deadbolts, and window locks that qualify for discounts.

* Set your deductible as high as you can afford. The higher you set your deductible, the lower your premium will be.

Finding the Best Renters Insurance Rate

To find the best rate on renters insurance, begin by getting on the Internet and visiting an insurance comparison website. These websites allow you to get quotes from a number of companies at one time, so you can easily compare them.

All you do is fill out a simple questionnaire on the website. Then you’ll receive quotes for renters insurance from several A-rated insurance companies. It’s fast and easy – and it will save you money.

And if you have questions any time during this process, the best insurance comparison websites have an online chat feature, with insurance professionals on hand to answer your questions and help you get the best rate (see link below).

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Why You Should Buy Renters Insurance?

You’re renting a home. It could be an apartment or it could be a unit in a condominium. Don’t join those people who think that they need not buy renters insurance because this is a contrary belief.

The truth is your landlord is not responsible for your properties just in case something happens to your dwelling. Only the house, apartment, or the building is insured. Your properties aren’t.

You should buy renters insurance because this will make you sleep better at night. Also, it is better to have renters insurance and not need it than need it and not have it.

If let’s say the time comes when you need it because you have to replace the properties you have lost or have been damaged, you don’t have to pay that much because the insurance company will help you.

Another advantage of having renters insurance is that the coverage also includes the injuries that take place in your home. If someone gets injured at your place, the insurance can pay for the hospital bills. If you are sued because of the accident, the insurance can also pay for the legal bills.

If you are thinking to buy renters insurance, the first thing you do is to look for insurance companies that offer all these insurance benefits. You can consult your yellow pages or just search the Internet.

If you do the latter, you can also compare the policies and the rates of each insurance company which make it easier for you to decide which one to get.

You can also contact the insurance agents. This will make things easier for you because someone can answer the questions in your head. In fact, if they are well-trained and are knowledgeable of the insurance policies that they are selling, you might buy renters insurance from them.

Here’s a note. When you talk to agents, you have to ask them about the terms of the standard renter’s policies when it comes to renter’s insurance. You can also find out if they cover valuables such as art, collectibles, and jewelry. Chances are they do, but there are insurance companies that don’t.

Before you completely decide to buy renters insurance, you should set yourself with the mentality that your renters insurance rate may be different from other people because there is no standard rate when it comes to insurance policies.

This depends on the area you live in and the properties you want insured. The insurance company will then determine what kind of plan they can offer you and how much you pay in order for you to be insured.

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What Does Renters Insurance Cover?

What does renters insurance cover is often asked by people who rent apartments. It shows they are responsible and they don’t believe that landlords are responsible for their properties.

But what does it cover? Well, if you think that the insurance plan will only cover a few possession, you should still get one.

It’s better to have insurance and not need it than need it but not have it. What you can do is get renters insurance that have an all-important liability coverage.

The better explanation to the question is best explained by a staff that has been trained and are knowledgeable of the benefits and the services that you can get from the insurance.

There is the ‘general coverage’ of personal belongings in case of theft and damage. There is the ‘liability coverage’ against financial loss that is the result of injury.

This means that if someone gets injured within your premises, renters insurance can cover the hospital bills. If the insurance holder is sued, then the renters insurance can also pay for the lawsuit.

The insurance agent can also explain the answers to the question what does renters insurance cover.

Generally, renters insurance can cover anything that could happen in an apartment building. At least that is the belief of most people – but this is not exactly true.

The truth is the insurance of the landlord only covers the damages of the building – and not the losses of the tenant, just in case a burglary or break in takes place.

If the building or apartment gets burned down, the landlord is still not responsible for the tenant’s loss.

What does renters insurance cover is the question that insurance companies answer because this is a concern that has to be made clear to those who are getting insured just for renting their apartments or their condominium units. Here are a couple of examples of coverage.

First and foremost, possessions will be protected just in case a stranger gets the fancy of stealing these or vandalizing it.

Possessions will also be protected if there are natural disasters such as windstorm or fire.
If there is damage to the rented house, apartment or condominium unit, and the person cannot live there, renters insurance can pay for the living expenses until the place gets rebuild or renovated.

Another interesting answer to the question what does renter’s insurance cover is that the property can also be insured even if the person goes away on a trip. Renter’s insurance is definitely worth investing in because this will make the person sleep better at night.

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Renters Insurance – Why Every Tenant Needs It

Many renters overlook the fact that the owner’s insurance coverage does not protect the replacement value of the renter’s belongings or his liability for injury or loss to others that occur in his rented quarters. Anyone who rents a house, loft or apartment, whether a student, renting a room off campus, a senior citizen enjoying retirement, or those who are still working, must make sure to take the time to assess their risk of loss of physical possessions, or through legal liability for loss to others. Then they must choose a renter’s policy that works for them.

In preparation for requesting quotes for renter insurance, estimate the value of possessions by making a list of everything that is owned and listing the estimated purchase price, and the date purchased. A photographic record would be useful, especially for any items that are of particular value.

What A Renter’s Policy Will Cover

While each renter’s policy will offer different features and benefits, some of the common coverage includes:

• Replacement value of all possessions for loss from fire, theft, or vandalism.

• Guest Medical Protection if a guest is injured in or around the renter’s place.

• The renter’s expenses if forced to live somewhere else for a while.

• Liability Protection for renter’s legal defense fees and awarded damages.

• Unauthorized transactions on renter’s credit cards

• Can save renter from having to pay for costly repairs to rented space

There Are Many Ways to Save on Your Renters Insurance Policy:

Some of the opportunities to save can be captured by leveraging the following suggestions:

• Compare quotes – but be sure the quoted policies provide equivalent


• Ask for discounts.

• Choose to live in a safe neighborhood.

• Don’t smoke! If a smoker, quit. If not a smoker, don’t start.

• Bundle renter’s insurance policy with any other insurance policies that may already be in force: auto, life, health.

• Install safety and security devices including deadbolt locks, smoke detectors, and a fire extinguisher.

• A good credit score can help.

• Seniors’ discount – over age 55.

• Choose the deductible carefully. The most common deductible (the amount the renter’s claim must exceed before your insurance company pays) is $500. An increase of the deductible could reduce

the renter’s policy premium by as much as 30%. Balance the savings against the likelihood of loss.

• Review and update their policy regularly at least annually, both to see if there are additional discounts available, and to be sure that the policy limit is adequate to cover the renter’s current assets.

Renter’s Insurance Is Vital for Protection against Loss and Liability

Renters insurance is affordable and easy to find and purchase; therefore, there is no excuse for anyone not to have this vital protection. The best possible result would be to have a renter’s policy, but, never have occasion to file a claim. The peace of mind which the renter will have enjoyed will be well worth the policy’s cost.

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How to Buy Cheap Renters Insurance Online

Looking to buy cheap renters insurance online? Here’s how to do it the easy way and get the best rate possible.

Where can I buy cheap renters insurance online?

The best place to find cheap renters insurance online is at an insurance comparison website. These sites let you compare renters insurance quotes from a number of different companies so you can choose the cheapest rate.

The best insurance comparison websites have an Articles section where you can get money saving tips. They also feature a chat service so you can get answers to your renters insurance questions from an insurance expert, and make sure you’re getting the best rate possible. (See link below.)

How can I get the cheapest possible rate?

Here are seven tips that will help you get the cheapest renters insurance rate:

1. Consolidate Your Policies – By purchasing your renters insurance and your auto insurance through the same company you can save up to 15%.

2. Raise Your Deductible – Raising your deductible – the amount you pay toward a claim before your insurance company pays – can save you 15% to 40% on your insurance, depending on how high you raise it.

3. Install Safety and Security Devices – Insurance companies offer good-sized discounts for installing safety devices like smoke detectors and fire extinguishers, and for installing security devices like dead-bolt locks, window locks, and burglar alarms.

4. Quit Smoking – Because smoking accounts for more than 20,000 home fires every year, insurance companies will give you a discount on your renters insurance if you don’t smoke.

5. Maintain a Good Credit Rating – Many insurers now base your renters insurance premiums on your credit rating, so maintaining a good credit rating can significantly lower you renters insurance premium.

6. Get a Senior Discount – If you’re retired and 55 or older, most insurance companies will discount your renters insurance premium by up to 10%.

7. Ask About Other Discounts – Renters insurance companies give discounts for a number of reasons. Ask your insurer about the discounts they offer and get all the ones you’re eligible for.

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