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 RENTAL INSURANCE
Homeowners have their personal property covered by their homeowners insurance. Renters, however, can also get insurance to cover their valuables, and the cost of home rental insurance is surprisingly reasonable as well. Just because a landlord may have insurance that covers the residence doesn't mean a renters belongings will be covered. That is why it is important for renters to consider acquiring the very best renters insurance to give them the peace of mind that should anything happen to their valuables that they will not have to suffer a significant loss.
When a home is burglarized, it is possible that things could be taken from the home that have a significant value, and there is also the possibility that valuables can be damaged as well. This is a case where having home rental insurance can be of great value, as these items can be covered under the renters insurance policy. This is also the case when damage occurs due to flooding, or if if there is a fire and property needs to be replaced. The landlord will likely have insurance to cover the property damage, but it is very unlikely that a renter's possessions will be covered. This is something that every renter should be aware of, so they can seek the protection they need to make sure they can avoid a considerable loss should any of these unfortunate events take place.
The are also home rental insurance policies that will cover items that are somehow lost during a move, or even if something is missing after items are moved from a storage facility. These are things that will likely not be covered by any other type of insurance policy, and can give a renter the feeling of comfort that they need to be sure that they will not have to replace any missing items out of their own pocket. It is estimated that the average two bedroom dwelling has over $20,000 in personal property. This means that should anything happen to these valuables, the renter will likely not be able to replace most of their items easily on their own. This makes the nominal cost of home rental insurance something that can present a great value for the money in the long run.
Another aspect of home renters insurance that many people are not aware of is that a policy can also include coverage for anything stolen from a vehicle. This is something that many auto insurance policies may not even cover. A home rental insurance policy can cover property that is in a vehicle, in storage, or a place of residence no matter where the property is at the time of loss. This means the coverage for your valuables can extend throughout the world, wherever the property might be. It is not exclusive to covering only your residence.
The rates for home rental insurance are among the most reasonable in the insurance industry. Policies can usually be purchased for as little as around $20 per month for $5000 worth of coverage. Insurance can even be purchased for lesser amounts, and as the amount of coverage requested goes up, it is possible the renters insurance rates could be discounted even more, providing more coverage for the money being spent. Many of these home rental insurance policies will even cover up to 100 percent of the replacement value of the property.
Many renters don't realize how much value there is in the things they own. This is what makes home rental insurance such an important aspect of renting. Most of these personal property items are taken for granted, as once something is acquired and has been used for some time people tend to overlook the possibility of something unfortunate happening and what it would cost to have to replace these items. Most renters don't seem to realize how much they truly have and how much they can lose should something happen.
Personal property includes furniture, which is part of every room in the house. It also includes appliances such as microwaves, washers, dryers, dishwashers, etc. Clothing, camera equipment, and things like TV's, DVD players, stereos, CD and DVD collections are also included. Personal property also includes things such as cookware, dishes, silverware, artwork, collectibles, and even decorations. Many people would not know what to do if they had to replace their computer and any accessories that went along with it, and what about valuable jewelry that has been acquired throughout the years? Add all of these items up and it goes without saying that a loss of all of these things at one time could result in a significant amount of money being needed to replace these valuables.
The emergence of the internet has even made shopping for home rental insurance easier than ever. There are many places that can be found online that can supply quotes for this type of insurance quickly and easily. There is usually no paperwork required and quotes can even be acquired within minutes.
The importance of home rental insurance should not be overlooked. It can take years for renters to acquire what is inside their home, in their car, or even tucked away in storage. It may only take a matter of hours or even minutes, however, for all of these prized possessions to be damaged or unwillingly taken away. Having the peace of mind in knowing that whatever happens to these possessions will be covered can be a priceless feeling, and make going to sleep at night a whole lot easier.