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
RENTERS CONTENTS INSURANCE
Renters contents insurance is one of the main areas of coverage in a policy protecting a renter. No matter whether you live in an apartment or call a rented house home, finding ways to protect the contents of your dwelling is important. It is true that as a renter you do not have the same responsibility toward home insurance as you would in an ownership situation. But this does not mean you don't need to be insured. Your personal possessions are yours to protect, not your landlord's. You need to take care of the things you own and protect yourself from property loss. Renters contents insurance helps you to do just that, at a lower cost than you may think. Get some prices together and see for yourself.
Why Renters Need Contents Coverage
Renters contents insurance is important because living as a renter, you have no other way to insure the things you own and keep at your condo or loft. You don't need a homeowners policy and can't get one (nor would you want to pay the premium for one, either). No other insurance plan is out there to give people this kind of coverage for their personal possessions they have at home.
Contrary to popular myth, being a renter does not preclude you from having to buy renters contents insurance in order to protect your things. Some people think that because they rent, they have no need for any kind of property insurance. They mistakenly believe their landlord is responsible for insuring their things against loss due to fire or theft, since the landlord is the one who owns the building. There is some logic to this argument, but in truth the landlord has no basis for insuring the renters belongings. The landlord or homeowner is, of course, solely in charge of insuring the condominium or townhouse where you rent. But the contents you own are yours to protect.
All of us who rent our homes need to have a trustworthy insurance policy to protect our belongings against loss. There are many different situations covered by the typical property policy, making it extremely valuable especially given the low cost of contracting coverage. Renters contents insurance includes provisions for fire, theft, windstorm, vandalism, and many other event types. You can make a claim on your policy if personal property was stolen from your car outside your student apartment. The coverage is good for contents belonging to every family member who is a part of your household, not just the policy holder.
How Renters Property Protection Works
Contents coverage is very simple in the way that it is administered. Your renters contents insurance is based on a predetermined monetary level of maximum coverage listed in your policy. Any covered claim will be insured up to that maximum. All you have to pay in approved claim circumstances is your deductible and any excess costs beyond the limits of your renters contents insurance plan. For this reason, because there is a cap on coverage, you should take inventory of everything you own to make a determination of how much it's all worth. Get evidence, too, from receipts to model numbers and photos, and keep it all in a safe place. This all helps speed up the claims process later.
Obviously, most everyone would just as soon never experience a claim event at all. But that's what renters insurance is for, to prepare you for the unexpected. If you're going to go through the expense of getting a property policy to protect your possessions, it would be foolish not to follow all your provider's recommendations for recordkeeping and verifying everything you own. Failure to do so could invalidate coverage or cause problems getting paid after a loss. But just taking care of it right off the bat will make your interaction with the claims adjuster go more smoothly for both of you. It is to everyone's benefit to keep good records. To ensure that your renters policy will pay out in a covered loss, take care of this important detail right at the outset.
Get Some Quotes and Save
Renters contents insurance is an excellent value combining great protection with low prices for renters. Whether you're a senior citizen or young adult living alone, or a member of a huge family all under one roof, you need a good contents policy to look after all of your things for you. There is no better way for a renter to protect the things she owns than by purchasing quality property insurance to safeguard her things against the risk of loss.
Get some quotes and save on a policy that can help you to protect the things you own. Buy renters contents insurance and see how affordable it is to protect yourself.