Renters Insurance Tips

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So you moved into a new city, and have decided to rent an apartment in the mean time. Did you know that even if you are not a homeowner, renter insurance can be obtained by you in these situations?

What exactly is renters insurance? How can it help you and your family? Approximately how much will it cost you on a monthly or yearly basis to have this kind of insurance as a renter?

If you want to know the answers to these questions, then keep reading to find out additional tips and information on renters insurance.

First of all, did you know that renters or persons occupying a condominium or apartment are 40% more likely to be victimized by burglary as compared to persons living in their own homes? This was from 2005 statistics by the United States Department of Justice. Having this in mind, you can very well surmise that insurance is a vital element for your properties, whether you own a home or are renting one.

Apartment insurance or rental insurance offers protection for the furniture, appliances, clothing, electronic gadgets, and other important properties that an apartment renter has in his unit. In any case of fire or burglary, your landlord or landlady are not responsible for those losses, so renters insurance is there to help you cover up for the expenses caused by the damages.

When you get apartment insurance, you are covered for damages to those precious things you have invested on, even if you are away from home. As an example, if you are traveling out of town or out of the country, and you brought your digital camera and laptop with you to your hotel, you are insured by rental insurance in case the sprinklers in the room set off and destroy your gadgets.

Another benefit that is offered by homeowner renter insurance or rental insurance is that you can get covered for temporary shelter in case of disasters such as fire, hurricane, earthquake, and others that have caused sever damage to your home and your properties. There are also policies wherein your medical bills can be covered in case of these disasters.

As you can see, this type of insurance is very important as protection for the things you value most, not only because of the possibility of burglary or theft, but because of many unforeseen circumstances.

How can you apply for renters insurance? You can do this by visiting websites and getting their free assessment tests. In this way, you can be given an estimate of how much you are likely to pay for rental insurance given the items you want to protect. Typically, renters insurance costs less than $20 per month.

There are also insurance companies that offer expanded coverage for specific items. You can insure your rings, necklaces, watches, and other jewelry. Now, you can be more prepared than ever in case of theft or emergencies, thanks to renters insurance for you and your properties.

January 25th, 2008 by Local Fresh

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