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
RENTAL INSURANCE PRICES
Rental insurance prices are important to compare when looking into purchasing renters coverage. Regardless of what type of home you are renting, purchasing some level of protection is a smart investment in your financial future. Not only are you protecting your belongings and your family in the event of a disaster, but you are also protecting your financial future. After all, if you are struck with disaster and without renter's coverage, you could be looking at hundreds of thousands of dollars in out of pocket expenses.
Rental insurance is a type of coverage meant for those that are currently renting. You do not have to own your home to qualify for coverage. After all, just because you are renting does not mean you should put your financial future at risk in the event of an accident or disaster. Rental coverage takes care of the costs incurred to your belongings and your family if you have been struck with a disaster. This includes natural disasters such as damage caused by earthquakes, landslides, tornadoes and hurricanes, as well as damage caused by poor weather such as sleet, hail, snow or ice, as well as damage caused by negligence of others, such as theft, vandalism, civil commotion and fire.
Rental Insurance Prices And Policy Options
Although renter's coverage is not mandatory, it is a good idea to look into, regardless of what kind of dwelling you are living in. If you are struck with disaster, you do not want to worry about the financial implications involved. With rental coverage, you won't have to. While you focus on preparing the kids for the move, coping emotionally with the loss and making sure everyone is all right, your rental insurance provider will handle the all the costs involved.
There are several different coverage options, all of which will impact your rental insurance prices. If you only want a basic contents coverage plan then the rental insurance cost will most likely be lower than if you are looking for a comprehensive plan with sky-high limits. When determining the right level of coverage for you, it is important to ask yourself what it is you are looking for. Most renters will want protection for their moveable belongings such as their furniture, clothing, toys, electronics and jewelry. This is known as contents coverage or personal property protection. You can also look into coverage for moving costs and alternative accommodation if your current rental townhouse burns down. This is known as loss of use coverage. Finally, if you have a young family or entertain a lot, you may also want to consider physical liability protection which takes care of the medical and legal expenses if someone is seriously injured at your condominium.
Prices of Tenant Insurance
You can expect to pay an average of $10 to $20 per month on rental insurance prices depending on the level of protection you are looking into. A student living in an off campus house will most likely only require a basic coverage plan and thus will be looking at much lower rental insurance prices than a family living in a large condo with thirty years of accumulated stuff. You might want to consider higher limits (and thus higher prices) if you own antiques or valuable paintings, jewerly or anything else of high value.
You should also consider the type of dwelling as well as the type of area you are living in when looking into rental insurance prices and coverage options. If you live in an apartment, a senior citizen complex, a loft or any other complex, then you need to consider the other tenant's actions as well as your own. While you may always turn off the burner and shut the gate to the complex, does your neighbor? Could you be looking at a fire or theft in the complex that could negatively impact your apartment and your belongings? Furthermore, do you live in a high crime area? If so, then higher rental insurance prices and protection may be a smart investment.
Compare Rental Insurance Prices
When looking into rental insurance, the prices are only one of the things to be concerned with. You also want to be sure that you are getting an adequate level of protection for your needs with a provider that you can trust. One way to be sure that you are getting the best in rental insurance prices, policies and providers is with an online search. A five minute search can go a long way when it comes to purchasing renters insurance and finding the best premium prices. You can browse through the options, compare prices and purchase renters insurance at your own pace. And best of all, you don't even have to leave the house to do so.