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Cape Girardeau renters insurance is a necessary investment for all renters, even if your landlord or property management does not require it. People who rent their homes sometimes fail to realize that the property owners are not responsible for contents of the rental unit. If a natural disaster, electrical fire or damage from burst pipes damages or destroys your apartment or house, the manager is only responsible for structural repairs. Electronics, clothing and other items that belong to you are not covered, and you could suffer substantial loss after a disaster. Protect yourself with Cape Girardeau renters insurance.

Cape Girardeau is located in southeastern Missouri. It is 110 miles south of St. Louis, MO, and home to Southeast Missouri State University. College students make up a large proportion of renters in any city, and they rarely consider Missouri rental insurance among their costs of living. Along with rent and utilities, Cape Girardeau renters insurance should be a part of every budget. The monthly costs far less than what you would have to pay to recover all of your belongings after a disaster or break-in, and the peace of mind is well worth the price.

Shopping for Renters Insurance

Shopping for a Cape Girardeau renters insurance policy is similar to buying auto insurance. It is important to compare rate quotes from at least four providers before making a decision. Rates can vary widely, and you want to be sure you are getting the most coverage for the best price.

Being a smart consumer also requires checking the reliability of a provider before purchasing a policy. Paying your premium each month is worthless if the company doesn't honor your claim after disaster strikes. Check a few resources like the Missouri Board of Insurance and J.D. Power & Associates for ratings on claims service and other aspects of customer service. Companies with a slew of consumer complaints could give you the run-around when you need to make a claim, so do business only with those who have a reputation of good claims service.

If you are pleased with your MO car insurance provider, purchasing your Cape Girardeau renters insurance policy for your condo complex with them is the easiest route. Most companies offer substantial discounts for customers who bundle their policies. Buying a new Cape Girardeau renters policy is an excellent opportunity to review your car insurance policy to make sure you are still getting the best rate, so shop around before automatically signing on to a new policy.

When you are ready to solicit rate quotes, have some information handy. Your rates and coverage limits are based on the value of your belongings. Make an inventory of what you own, including an item description, purchase price, purchase date and any documentation or receipts available. This will help the Cape Girardeau provider devise an accurate estimate of your items' worth. You could also get a lower rate by mentioning any loss control measures in place, like alarm systems, security guards and if you live in a gated community.

Liability Coverage

Cape Girardeau renters insurance covers the loss of your belongings after a fire or burglary, but it also protects you in other ways. There are four types of coverage under a standard renters policy: loss of personal property, living expenses, liability and medical expenses. Knowing what sort of coverage you have can give you peace of mind and an action plan should an accident occur.

Living expenses coverage will pay for a temporary alternative living arrangement if your Cape Girardeau apartment is deemed unlivable after a disaster. Medical expenses coverage pays reasonable medical bills for people injured on your property. Finally, liability coverage protects you if you are sued by someone who is injured or experiences property damage on your Cape Girardeau rental property.

Accidents happen, but today more than ever, people are eager to sue at the drop of a hat. If someone sues you successfully, you could be on the hook for substantial damages. Even if the suit is unsuccessful, you may be saddled with exorbitant legal fees. Liability coverage through your Cape Girardeau renters insurance covers all of those costs that could otherwise leave you under a mountain of debt.

If a neighbor's child falls through your trampoline and breaks an arm, you could be sued for negligence, child endangerment or a number of other complaints. If you are lucky, the parents will settle for the medical expenses settlement afforded by your Cape Girardeau renters insurance, but you can never be sure. Liability coverage exists to protect you in the direst scenarios, even if you think it will never happen to you.

Contact a MO agent today to get started with Cape Girardeau renters insurance policy. Fill out our easy-to-use form for more information. Cape Girardeau renters can't afford not to have this protection.