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
HOUSE AND CONTENTS INSURANCE
House and contents insurance for those who rent their homes is a special type of plan that provides financial protection for the things you own and bring into the apartment or condo as a renter. The fact of the matter is that a landlord has no obligation to insure your personal possessions as part of his or house policy. It is your responsibility alone to get contents insurance and to make sure that you are taken care of if anything should happen that threatens those possessions.
Think about the value of all of the things you own. Many renters and people in general tend to underestimate the potential replacement cost of the contents of their homes. But imagine the kind of bill you'd be looking at if you had to buy it all at once, from your kitchen table to the clothes in your closet. House and contents insurance protects all of that stuff and more, giving you a safeguard in case you ever should need it. Of course, no one ever hopes to file a claim against their policies; but in the event of a major loss, most folks are very glad they have house and contents insurance when they need it. This is the kind of investment that's there to help you out in an emergency, a small expenditure that can save you from a much larger one down the road.
ACV and Replacement Coverage
There are some important things for renters to think about when they get contents insurance for their house or loft. The payout on a house and contents insurance plan is based on either actual cash value (ACV) or replacement value coverage. The former is less expensive but does not offer as big a payout for losses, because it is calculated based on the adjuster's assessment of the depreciated value of the claimant's possessions. Guaranteed replacement insurance, however, costs more but also furnishes the money needed to buy all new possessions at current market prices. The policyholder must decide which option to go with; in most cases these policies default to ACV coverages unless indicated otherwise.
Comparing Renters Insurance Premiums
House and contents insurance as a general rule is cheap enough for just about any renter to afford. You and your family can get the best protection possible for their personal belongings and be covered in the event of a fire, storm, certain types of water damage, acts of vandalism, and many other loss types when you shop wisely using home contents insurance estimates. The specific coverages as well as limitations and exclusions can all be found in the language of policies offered by the various companies you might considering working with as a policyholder.
The smart bet whether you rent a house or any other dwelling is to get insured and make sure you are covered come what may. Find a low price on house and contents insurance by using our free quote form and comparing some of the best and most reasonably priced providers serving your local area. Fill in the form and you will receive no obligation offers for house contents coverage that takes care of you. Think about all of the stuff that you have in your townhouse. Picture having to buy all the dishes again, and the living room furnishings, and even the bathroom decor. House contents insurance helps prevent the need to have to think about that possibility by furnishing you with compensation if any loss claim ever comes up.
All Renters Need Insurance
House and contents insurance makes sense for anyone renting a home anywhere. The size of the dwelling doesn't matter, and your station in life doesn't matter either. A college student might say that he doesn't own much yet and thus doesn't need a policy like this; but if you just think about your computer and other electronics alone and add that up, it would be very hard to replace all at once if it were stolen. House and contents insurance prevents that from ever being an issue. For a very low price we can get the protection we need that kicks in whenever necessary, and doesn't burden us the rest of the time.
Guarding your house contents is important if you are a middle aged adult or a senior citizen as well. By this time in your life, you are probably in no condition to start over; replacing all the things you have gathered over the years would be next to impossible. A plan like this can't bring heirlooms back, for example; but it can help you get back on your feet and moving forward if you are victimized by some unfortunate emergency. Find the cheapest house and contents insurance and save some money off of the premiums associated with this type of coverage by comparing several companies' offers.