Looking for renters insurance? Want to know how to get the cheapest online renters insurance quote? Here's how ...
Renters Insurance
Contrary to what you may think, your landlord's insurance does not cover you. If there were a fire, theft, or vandalism in your home you could lose your possessions. That's why it's so important to get renters insurance.
Renters insurance covers losses to your personal property caused by fire, weather (wind, hail, lightning, ice, and snow), theft, vandalism, plumbing, and electric wiring. If you live in a flood, earthquake, or hurricane zone you'll need to get additional coverage in the form of a rider.
Renters insurance also covers you if someone gets hurt in your residence. Your insurance will pay their medical costs plus any legal expenses if they sue you.
The good news is renters insurance isn't all that expensive. It only costs $150 to $250 to get $30,000 to $35,000 worth of coverage.
Discounts and Deductibles
You can save a lot of money on your insurance premium by raising your deductible - the amount you pay on a claim before your insurance pays. Raising it from $250 to $1,000 will save you up to 25%.
You can get discounts for installing safety and security devices like smoke detectors, burglar alarms, fire extinguishers, dead bolts, and window locks. Plus you'll make your home that much safer.
Most insurance companies will also give you a discount if you purchase your renters insurance and auto insurance from them.
Online Renters Insurance Quotes
The best way to get the least expensive renters insurance rate is to shop for quotes online. And the best way to do that is to go to an insurance comparison website where you'll get insurance quotes from different insurance companies.
The better sites even have an insurance expert you can talk to online if you have any questions, and an "Articles" section where you can get insurance tips and advice. (See link below.)
By: Brian Stevens