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What People Are Saying

Thanks for making it easy to find the cheapest renters insurance. Knowing our stuff is always protected gives me peace of mind.

Matt and Bethany, Charleston SC

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Free renters insurance quotes are available for you to take advantage of today. By using these free quotes, you can compare the types of policy's available and the cost of coverage for protecting all that you own from the perils that threaten everyday for free. No one knows what's around the bend and nobody has the power to prevent many of the misfortunes which befall individuals everyday. However, you can take steps to secure the contents of your rental home by obtaining free renters insurance quotes.

Why You Need Renters Insurance Coverage

It seems like the daily news shows announce one disaster after another. Fires, floods, weather related devastation, no one is free from the consequences. People are left homeless and lose everything they own. Local newspapers tell of apartment fires and although the survivors are grateful to be free of injury or worse, many of them repeat the same line over and over, "We don't have insurance". Coverage isn't free, bu it's affordable.

By accessing free renters insurance quotes you'll see how easy and affordable it can be to make sure you have renters insurance and you don't end up losing everything you've worked so hard to earn. Your home is a reflection of your lifestyle and your status in the world. Whether you rent an apartment, condo or house, you enjoy certain creature comforts. You've made your personal environment your own by filling it with treasured mementos and possessions which are irreplaceable. Shouldn't you do all you can to protect your financial and emotional investment?

By requesting free renters insurance quotes you can begin comparing coverage. The amount of your apartment coverage determines the cost of your policy, but remember all renters policies aren't exactly alike. You'll need to decide the value of your personal property and determine whether you want to insure for replacement value or actual cash value. Of course, the higher value placed on your personal property is reflected in your premium.

Actual Cash Value Versus Replacement Value

Actual cash value is the amount a certain item would be today. Insurers will use a formula to calculate an items worth when you make a claim by taking the cost of the item brand new, and depreciating the value of that item for every year you've owned it. For instance, if you have a burst pipe in your ceiling and water has damaged your three year old sofa, your insurance adjuster will look at the cost to replace your sofa, say 800.00 , and deduct for each year of wear and tear your sofa has gone through while in your possession. Although it might cost 800.00 to replace the sofa, you may only get 500.00 from your claim settlement.

If you, as a renters insurance policyholder, choose to insure for replacement value of your personal property, you would receive a settlement check for that same damaged sofa in the amount of 800.00 or whatever the going rate for that same, or similar sofa might be. While insuring for replacement of your possessions seems the logical approach, it will be a bit costlier. Compare free renters insurance quotes online to find an affordable policy while insuring your personal property to the fullest.

You'll need to weigh these differences when you obtain your free renters insurance information. Compare the cost of renters insurance for actual cash value against that of insuring for replacement of your property. Consider the investment you have in your home's contents and decide if you would be able to come up with the balance should you insure for actual cash value.

By gathering free renters insurance quotes you'll find there are more incentives, in the way of lower premiums, if you insure for actual cash value. The insurer prefers this as it's less money out of their pocket when the time comes to make a claim. However, if you have a lot of your personal income tied up in items such as high end electronics, computer equipment, or furnishings which you've financed through a credit account, you could be left in a difficult financial situation. You could end up still owing substantially on furnishings you no longer have, or the replacement value of your high end electronics, such as a flat screen television, may have dropped significantly so that once depreciation has been figured in, you'll end up with next to nothing, comparatively.

Become An Educated Consumer

Free renters insurance information will allow you the opportunity to look at your policy options side by side and make an educated decision. Once you find the free renters insurance quote which suits your needs, you can procure your policy and ask the advice of your insurer if there's any doubt. Your insurer is knowledgeable and can advise you on any aspect of your policy. Renters insurance advice is always free.