Atlanta Renters Insurance
Atlanta renters insurance is something that all renters in the Atlanta metropolitan area should consider buying. Regardless of whether renters have a vast array of expensive items they value or a modest amount of accumulated property, renters should protect these assets against theft, fire or loss. By having Atlanta renters insurance you will solve problems before they arise. Thankfully, it is quick and easy to get cheap renters insurance through this website by getting free renters insurance quotes.
Renting a condo, apartment or townhouse in the metropolitan area can be an excellent choice for many Atlanta residents. Whether you are a divorced parent seeking solace, a college student wanting to live off campus, or a senior citizen enjoying retirement, renting can be the right alternative for you.
However, the majority of Atlanta, Georgia renters typically think that their landlord has an insurance policy that will cover their losses if something happens to their possessions. This is not true. In fact, the only thing that the landlord's policy covers is damage to the building itself. This in no way begins to help you if you are a renter and your belongings are damaged by some unforeseen event.
If you rent an apartment or loft and are looking for Georgia renters insurance, you need to protect your personal assets against any kind of damage that might take place. In the insurance industry, events that can lead to property damage are called "named perils." The perils included in most Atlanta renters insurance policies include the following:
• Water damage,
• Riot or civil uprising,
• Lightning, and
• Snow or ice damage.
These are just a few of the events that can lead to personal property loss, so if you rent in the metro area, you should consider purchasing Atlanta renters insurance. Though it may seem like an added expense or worry that you do not need, consider what you would have to pay to replace your property if something untoward happened.
Knowing the Kind of Coverage You Need from Your Atlanta Renters Insurance
Atlanta renters insurance can provide you with peace of mind, and you need to carefully consider the kind of coverage you want before you purchase it for your house, townhouse or condominium. Renters policies offer one of two types of coverage: "actual cash value" (ACV) or "replacement cost coverage" (RCC). Knowing the difference between the two is essential so that you know how much coverage you will actually get should your property be damaged.
With ACV coverage, the insurer will pay for the cash value of the item lost, stolen or damaged. What this means is that the company will cover the item at the actual cost for which it was worth when it was lost or damaged minus deductions for depreciation. So, with this type of plan, you get substantially less than what the item would actually cost to replace.
On the other hand, with RCC coverage, the insurance company will pay the true cost of replacement. Though you will be the one to initially pay for the replacement, you will submit receipts to the insurance adjuster and you will be reimbursed for the total amount you paid for the items.
Bear in mind when shopping insurers that, while you will pay higher premium payments for RCC coverage, you also get a great deal more than you would under an ACV policy when the time comes to replace your assets.
Atlanta Renters Insurance: Add Up the Worth of Your Personal Belongings
Insurance companies will want you to make a list of all of the personal items in your home. You will also want to calculate the estimated value of these items on your list. The insurer will then go over this list with you to determine how much coverage you need to purchase. This is called taking inventory of your belongings.
Atlanta renters insurance is typically, though not always, less expensive than Atlanta homeowners insurance. Factors that can drive up the cost of Atlanta renters insurance include:
• Extra coverage for costly jewelry, art works or antiques,
• The stability of the dwelling in which you live (i.e. the materials from which it is constructed), and
• Excessive coverage for computers, electronic devices, television sets and DVD players.
These are just a few of the price drivers. One way to keep your premiums low is to ask for a higher deductible. Also, shop around for the best price before you make your decision regarding your Atlanta renters insurance. All of the major insurers offer this type of coverage, and you can find the policy that is right to meet the needs of you and your family. Pick the insurer with the best reputation and the best agents. You can never underestimate the importance of quality.
Other Considerations for Atlanta Renters Insurance Buyers
Atlanta renters insurance buyers need to bear in mind that coverage for additional living expenses should be in the policy. If you find yourself out of your apartment or condo because of fire or water damage, you want to be sure that your insurer provides for living expenses so you will be able to live in another apartment during this time at no personal cost. Most Atlanta renters insurance policies pay 30 to 40 percent of the policy's total value to cover these living expenses for up to one year. This will give you a safety net if your rental property is unlivable.
Atlanta renters insurance buyers should also purchase liability coverage to pay for medical bills that could arise if someone is injured while on their property. This is just an added benefit to you as an Atlanta renter that can give you peace of mind should an accident happen to a friend when they are visiting.
Additionally, individuals need to purchase various devices that can help lower premiums, such as fire extinguishers and burglar alarms. Atlanta renters can benefit from the added safety these devices provide while simultaneously saving money on their premiums.
Also, if you are a renter thinking about buying coverage, you might think twice before you buy a dog. Consider what it would cost if the dog injured someone in your apartment complex or condo community. Some insurers refuse to write policies if the potential Atlanta renters insurance policy owner has certain destructive breeds, such as: Dobermans, Rottweilers or Pitt Bulls.
Atlanta Renters Insurance: The Protection You Deserve
If you rent property in Atlanta, you need to take the time to insure your possessions. Don't be like many renters who make the mistake of not buying coverage, thinking that it is not something they really need. And, then, when catastrophe strikes, they are left out in the cold. Take the time to explore your insurance options and protect your family against the heartache that comes with property loss.
Atlanta renters insurance is valuable and will save you the expense of replacing your lost furniture, clothes and priceless family heirlooms should an accident befall your property. With the information provided in this article, you have all of the tools necessary to start on the path toward finding the right coverage. Take the time and forethought before buying and be confident in the insurer you select. Ask questions. Make notes. Consider your choice well. And, then choose the insurer who will give you the service and support you need should you suffer property loss.
Request a comparison from leading Georgia insurance companiees today. Our service provides free renters insurance quotes throughout the Atlanta, Georgia areas of Alpharetta, Atlanta - East/Grant Park, Atlanta - West, Buckhead, Brookhaven, Chamblee, College Park, Decatur, Downtown, Druid Hls/Emory, Dunwoody, East Point, Gwinnett County, Hartsfield Intl Airport, Lawrenceville, Little Five Points, Marietta, Midtown, Norcross, North Cobb County, Roswell, Sandy Springs, Stone Mountain, Sweet Auburn, Vinings, Virginia-Highland and more...