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 RENTERS INSURANCE
House renters insurance gives you the incomparable combination of a low premium and a generous pay-off when you experience personal property loss or damage. It's like the quarter slot machines you play for fun. You put in $.25 and if you win, you get a bundle of coins. The same principle applies to buying house renters insurance. You purchase a renters insurance policy and pay a low monthly premium, and when you experience a loss, you call your insurer and you get a lot more money than you typically paid in premiums so you can replace your stuff.
The only difference between playing the slot machines and buying house renters insurance is that the slots are fun, but sadly the problems you experience which cause you to need renters insurance are not fun at all.
Whether you're renting a house, an apartment, a condominium, or a townhouse, the same principles of risk apply to you that apply to homeowners. It is a statistically reality that losses are going to occur whether you own or rent.
If you owned a home, you wouldn't leave your personal property up for grabs. So, why do that if you rent a house? Don't you owe it to your family to cover your precious objects?
House Renters Insurance-More Powerful than a Locomotive
If you want to reinforce the walls of your house with invisible steel, then you need a house renters insurance policy. When you get this coverage, you are adding an additional layer of protection between you and the bad guys and bad events that could rob you of your security.
House renters insurance protects your personal possessions in case of theft, terrorist act, bomb, water main break, fire, electrical surge, lightning damage, hail damage, and vandalism. This means that whatever happens, if you need to replace your belongings because of any of these events, you're covered.
The contract between you and your house renters insurance provider is going to be held sacred and honored in your time of need. So, whether you are a young single after divorce, a senior citizen enjoying retirement, or a fresh young college student living off campus, you need to set up this sacred trust between you and your house renters insurance provider so your belongings are secure.
House Renters Insurance: Year in, Year Out
You want to protect the belongings in your home year-round. You don't want your bungalow, condo, or loft to be prey to intruders or dangers you cannot control. If you want the safety you require, you get coverage.
In addition to the coverage for your possessions, renters should also get personal liability and living expense coverage. With personal liability, you have insurance that protects you if someone gets hurt in your house or on your property and sues you for their medical bills. With living expense insurance coverage, you can pay for a hotel or alternate residence if your house is devastated and you can't live there because of fire, water damage, or any other event that makes it unlivable.
You might also think about adding extra coverage for any high-end personal items you have. Jewelry or antiques that you cannot replace deserve special coverage in your house renters insurance policy.
In addition to these considerations, renters should think about the type of policy you want. You might get the actual cash value (ACV) policy or you might select the replacement cost value (RCV) policy. The two differ in some important ways. With the ACV policy, you are reimbursed in the amount of the items at the time of loss minus depreciation. The premium is low, but the reimbursement is also low. With the RCV policy, you are reimbursed fully without depreciation deducted. The premium is high, but the pay-off is high also.
When you rent a home, it is an exciting time. It is a time of new beginnings and fresh starts. You spend hours decorating the rooms and walls, days enjoying the sights and sounds of the new place, and nights falling in love with the home that you now reside in. The ideals of life seem to come together in a kind of beautiful harmony.
Insurance coverage is the friend in the corner who silently watches over your world and keeps it safe in case of harm. When you have the right insurance coverage, you don't need a fairy god mother to look out for you. Everything you love is safe year in, year out.
Get the house renters insurance coverage that you deserve. The premiums are low. The coverage is phenomenal. The peace of mind you get is fantastic. With a few clicks of your mouse, you can be on your way to finding the policy that fits your needs.