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
HOME AND CONTENTS INSURANCE
Home and contents insurance is something that every renter and homeowner should invest in. Usually, the point where we realize we needed home and contents insurance comes after something devastating has happened, and then it's too late. It's important to protect yourself before you lose everything you and your family has accrued through your hard work. Nature sometimes has different ideas when it comes to nasty weather, such as tornadoes, hurricanes, earthquakes and floods, and anything you can do to protect your investments is a smart decision.
When it comes time to purchase home and contents insurance, there are several ways to go about it. If you prefer, you can use the Internet to your advantage and really make the most efficient use of your time. There are many websites that work on a reverse-auction type process. This is where you submit your information one time, and you begin to be contacted by various brokers and representatives who service your local area. These may or may not be locally established, but if they respond to your request, they can offer protection and coverage where you reside.
Difference in Size of Companies
There are differences between smaller, locally owned contents insurance companies and those that are nationwide, with offices in most major cities. It will be up to you to decide who you want to work with. It will also be important to match your needs against their capabilities and services they offer you. Smaller companies offer personal service and get to know you as a person. This means they take extra time with your policy and make sure you're paying the right amount each month. It's important to not overpay for your home and contents insurance, since this is not a benefit to you.
The larger, nationwide contents insurance providers definitely have a larger service area, and their offices are more numerous for convenient access. This is great for the traveling professional or busy executive who needs to be in touch on a regular basis. There is nothing worse than an accident that happens far from home, and having no one nearby to help you. By having access to agents no matter where you are, it can make an accident that would normally be a lot of trouble, instead be something that is taken care of easily.
Types of Covered Residences
It doesn't matter what kind of home you live in, whether it's a townhouse, a condo, an apartment or a loft -- there is a contents insurance estimate just for you. Because the home and contents insurance companies know there are a variety of living situations and contributing factors to certain levels of risk, they can give you a personalized contents insurance quote based on exactly what you're insuring, and where you're insuring it at. Taking the time to make sure they have all the data they need will end up saving you money in the long run, and make sure you're completely covered in the event something disastrous occurs.
Saving money is on most people's minds no matter what kind of purchase they're making, and certainly when they are talking about home and contents insurance. Some discounts are automatic and you will receive them just by submitting your information. If you're a student or senior citizen, then you usually receive a 10% discount or thereabouts. However, there are other home discounts which can be found for you as well. These will be based on if you're a homeowner, what your credit score looks like, and other uncommon things for people to consider when they are purchasing insurance for their home and the contents thereof.
You can lower your home and contents insurance monthly premium too just by choosing a higher deductible. While some people may balk at this at first, consider the cost of having to replace everything you may lose in a fire or other accident. The deductible is always going to be cheaper than having to shell out that much money at once. This is especially true if you have collectibles or antiques in your home that require special shopping or have been imported from out of the country. It's also a good idea to take pictures of these items and keep them in a safe place in case a home accident does occur.
One thing to keep in mind is when you submit your home and contents insurance inventory list to your prospective contents insurance agent, all the data needs to be filled out. This means the item name, the model number, the serial number, and the purchase price you paid for it. While there is depreciation involved, some home and contents insurance companies will compensate you the replacement value not just the depreciated value of the item, depending on when the event occurred that caused the loss or damage.