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
ONLINE RENTERS INSURANCE
Compare online renters insurance is get the best deals on your rental home coverage. Many renters assume that they do not need to worry about rental house coverage. After all, if you do not own the property, then why worry about it? The truth of the matter is, while your landlord or condo association may be responsible for the structural damage to the apartment, townhouse, house or loft, you are responsible for the things inside, including your contents and your family. With an online renters insurance rate quote, you will be able to protect the things you love from the events that you cannot control.
Compare Insurance Options Online
Renters insurance is a type of home insurance which will pay for damages and losses in the event of 17 different perils. This includes fire, smoke from fire, water damage, burst pipe, electrical damage, storm damage, hurricane, tornado, landslide damage, theft, vandalism, riot or civil commotion among others. Most rental coverage policies online do not protect against damage caused by a flood or an earthquake unless you opt for these coverage extras.
When looking into online renters insurance there are a number of things you should consider. First of all, what type of coverage are you looking for? Contents coverage is the most common type of renters protection but it is not your only option. You can pick and choose various coverage options when shopping online. Contents coverage will pay for any replacements or repairs to moveable objects in your home such as your furniture, toys, books, area rugs, paintings and jewelry. You can choose between replacement value and actual cash value when comparing online renters insurance policies.
Another good option to consider on your online policy is physical liability protection which will take care of the people inside your home. This includes both guests and family members that are seriously injured while in your house. You are responsible for what happens in your house, even if you are renting. If your dog bites a friend, if your fellow student colleague falls off the balcony during a house party, if your daughter falls down the stairs, if your senior citizen relative slips on a wet spot and breaks her hip - all of these things are your legal responsibility. With physical liability coverage, expenses such as medication, rehabilitation and even legal fees are all handled through your renters insurance provider.
You might also want to consider loss of use coverage which is another type of renters insurance. Loss of use coverage will pay for any additional costs incurred in the event of a natural disaster or emergency such as moving expenses or alternative accommodation payment. In many instances, if your contents are destroyed, so will your home. Although your landlord will pay for the damage to your house, you may need to find another place to live for a certain period of time. Loss of use coverage will pay for these expenses when you find yourself out of house and home.
Choosing your Tenant Insurance
Another thing to consider when you compare online renters insurance is where you call home. Are you living in an apartment on the ground floor or are you located in a house down by the beach? There are different risks associated with all different types of dwellings. Community housing, such as apartment, townhouse, condominium and senior citizen complexes comes with several risks associated with living in close vicinity of other tenants. Thefts and vandalism are more common in community housing as are accidental damage from fires, smoke and appliances. However, living in a single housing unit can also come with plenty of risks as well. Think about the various threats on the block, your neighborhoods, inside and outside your home when looking into online renters insurance.
Online Renters Insurance Premium
Finally, when you are looking into rental coverage online, you should also consider your financial situation. While renters coverage may not be required by law, can you really afford to rent without it? Although you don't plan on losing your television in a theft or having your living room set destroyed in a fire, you really never know. If your home is damaged and your contents destroyed, will you be able to pay to refurnish your rental townhouse or will you be looking at a massive debt? Furthermore, is this really how you want to spend your hard earned money?
For around $15 per month for a comprehensive policy, you can insure your contents and your rental home and take the risk out of renting. Shop online and save time, effort and money when it comes to purchasing online renters insurance. Why risk your financial future when you do not have to? Compare online renters insurance today to insure for a brighter tomorrow.