Need to get renters insurance quotes? Want to know where to get the cheapest rates? This renters insurance FAQ explains how.
What is renters insurance?
Many renters are under the mistaken impression that if there were a fire or theft in their residence their landlord would be responsible for reimbursing them for their damaged or stolen possessions. Guess what? They're wrong.
Landlord's insurance usually only covers damage to the residence. If you're a renter you need renters insurance to protect you.
Renters insurance covers your possessions against losses from fire, lightning, theft, vandalism, explosions, wind and water damage (excluding floods). It also protects you from lawsuits filed be people injured by you, your family, or your pets.
Where can I get cheap renters insurance?
The best way to get cheap renters insurance is to go online and comparison shop. There are numerous insurance comparison websites where you can get renters insurance quotes from well-known insurance companies so you can compare rates and choose the cheapest policy. (See link below.)
Here are some other ways to save on your renters insurance:
* Buy your renters insurance and auto insurance from the same company. This can save you up to 15% on your yearly premium.
* Raise your deductible. Raising your deductible from $250 to $500 will save you up to 15% on your premiums.
* Get a senior citizen's discount. If you're a retired senior you may be eligible for a 10% discount on your renters insurance.
* Get a non-smokers discount. If no one in your residence smokes, you can get a non-smokers discount.
By: Brian Stevens