logo logo

Instant Renters Insurance Quote

cl-3If you are renting an apartment or condominium, you might want to get an instant renters insurance quote. Some renters think buying renters insurance is throwing money down the drain. However, with rising burglaries and thefts in a troubled economy that couldn’t be further from the truth.

Protecting you and your family from future losses whether you own the home you are renting or not is paramount to your future security.

The first step to understanding how this type of insurance can help you is by getting at least 3 or 4 quotes from different insurance companies. Obtain concrete offers, detailed policy coverage and most importantly an estimated cost of how much you are going to spend on coverage. You may follow 4 easy steps to buy Cheapest Renters Insurance.

Renters Insurance - Less Than $1 A Day

You may be surprised to find that it is not expensive to purchase renters insurance, which averages under $200 per household each year in the U.S. Considering how much you can lose in the event that a disaster strikes, these policies are considered cheap by any standards.

Peace of Mind

Possessions that are covered by a renters policy may include high-end flat screen TVs (plasma, HD, LCD), state-of-the-art stereo systems, modern appliances, expensive custom bicycles, designer clothes and jewelry. When these valuables are lost in a theft or damaged by fire or vandalism, insurance will cover them.

Renters insurance also covers repair costs of property damaged in a disaster that impacts the home you are renting. You will also be protected from any lawsuits that you may have lodged against you by any guests who are injured on the property.

Placing Correct Values on Property

Most people have difficulty trying to put the right value on their belongings. There is a tendency to under-insure items. Here is what you can do in order to maximize the cost that you can claim and make it worth the premium.

Sum up the replacement value of all major properties such as appliances, furniture, gadgets, jewelries, clothing and others. Then double that number to calculate the total value of all your personal items. This way you make up for the net present value of the items that will be lost or damaged. You have to consider inflation and the increase in market value of property that may be damaged or stolen.