Get free, no obligation quotes from multiple providers

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

State Farm Insurance Allstate Insurance Farmers Insurance American Family Insurance Unitrin Insurance Travelers Insurance

RENTERS INSURANCE ADVICE

Renters insurance advice isn't hard to come by. Ask anyone who's rented a house, condominium or apartment and you'll find no shortage of recommendations for what to do, what not to do, with a few horror stories mixed in. Most individuals don't give a second thought to financial protection of their personal property when renting a home. Renters insurance advice is most always welcome.

Should you find yourself in unfamiliar territory, you may seek out renters insurance advice from one of several sources. First, a trusted friend or family member can be your best source of advice in most cases, however you can't always be sure of the accuracy of their advice. Well meaning individuals may not have all the answers and therefore, their advice should be taken with a grain of salt. Verify all the facts before you assume.

Another source of advice when deciding on renters insurance quotes could well be your landlord. If you are renting from an individual who's been leasing his or her property for some time, he or she may have some sound ideas about coverage. This is all the more reasonable should renters insurance be a condition of your lease agreement, as it is in many cases. If you're renting from a management company, they will mst likely have renters insurance advice for you.

Once you have obtained information from these sources, you can take it all under advisement as you search for your ideal policy. You'll want to obtain coverage which provides both financial protection of your personal property and protection from liability lawsuits. After digesting all the well meaning and informative renters insurance advice you'll want to pursue your own form of coverage and investigate your options.

Finding Your Insurer

Sound renters insurance advice is to compare insurers who deal with renters insurance for a better idea of what types of policies are available.. Everyone's needs are different, however the basic insurance offered to renters is the same. You'll insure your personal property for either replacement value, which is what it would cost you to replace the property today, or actual cash value, the amount you paid initially for your property less the depreciation. You will also have liability protection in the event a guest in your apartment, condo or house injures him or herself or suffers damage to property.

Once you've gathered quotes for renters insurance, you can use those quotes to find the right policy. Under your own advice, you will become knowledgeable about the coverage you need and also keep your premiums within your budget. Once you've found the right policy and price, begin to look closely at the company. Finding the right insurer may take some time, but make sure you don't dawdle. The best renters insurance advice in the world will amount to nothing if you don't use it to obtain coverage.

Replacement Cost versus Actual Cash Value Amounts

One of the areas for which most tenants seeks renters insurance advice is in the amount for which to insure their personal property. While replacement cost might seem the practical way to go for your higher end possessions, you don't want to over insure some items and you also need to keep in mind replacement value has it's limits as well. The best way to decide on which coverage to provide is by listing out all of your possessions and assigning a value amount to each.

Your tennis racket may have cost a pretty penny when you purchased it new, but years of gathering dust under your bed might bring down the value. Do you really need to insure that particular item for replacement amount? On the other hand, you may have a few select items which are of extreme value. Items such as high priced jewelry, tools, or collectibles could be protected under their own policy for an affordable rate. Before insuring all of your personal property for replacement value, take the advice of insurers and consider a separate policy for your higher valued possessions. You'll keep your already affordable premiums well within the money saving range and insure your expensive property thoroughly.

Don't Leave Yourself Vulnerable

You can't possibly predict events that impact your life and lifestyle. Things like fire, smoke or water damage, weather related catastrophes, or theft, can occur without any warning at all, leaving you vulnerable. Shouldn't you take every step necessary to ensure your investment in your personal property is secure? By obtaining a renters insurance policy you can rest easy knowing that you're protected.

Remember to insure yourself fully and don't skimp on personal property values or liability limits. It won't make that much of a difference in your premium amounts and you could leave yourself open to a very big loss. Take that bit of renters insurance advice to heart and you'll be thoroughly protected.