Renters Insurance Cost

Thanks to the economic downturn and a surge in the nation’s transient population, renters now outnumber homeowners in six of the 10 most populous cities in the US. However, many renters aren’t taking proper precautions against the risks inherent in their style of living. According to the Bureau of Justice Statistics, renters are 50% more likely to experience theft than those who own their own homes—yet 67% of the nation’s renters don’t carry renters insurance. An Apartments.com survey of renters reveals the excuse for the exclusion is a simple one: affordability. While most producers who offer renters insurance argue that that the premium is relatively inexpensive, it’s hard to convince a Manhattan resident to add to their average rental bill of $3,350 a month. Renters in these 10 cities are a better bet. Based on average monthly salaries and the average price of rent, folks here are getting a comparatively good deal on their living expenses, making them more likely to spring...

Atlanta, GA (PRWEB) January 21, 2014 The insurance programs that some rental vehicle agencies provide can be higher priced for consumers, according to national averages. The Auto Pros company has configured its online quotation delivery tool to include auto rental insurance rates for motorists at http://autoprosusa.com/insurance. The rates that are currently offered to renters of motor vehicles are provided through top agencies in the U.S. These agencies specialize in multiple forms of insurance to extended different coverage options to vehicle renters. The 2014 price details that are included are meant for easy research for motorists. The complimentary research that is offered through the Auto Pros company is based on the entered zip code of a vehicle renter who is interested in different policy prices. The home zip code of a driver is used to prepare the rental insurer quotes now delivered online. "Thousands of vehicles are rented on a daily basis from airports, train ...

My house was broken into and robbed Thursday while my roommates and I were at work. The silver lining is that our landlord required us to get renters insurance before we moved in. If you're a renter, you should definitely have renters insurance. It's easy to get, affordable and will cover the cost of replacing your more expensive belongings. Your employer may even have a partnership with an insurance provider so you can get a cheaper rate than you might find online. Compare it with quotes from companies such as Allstate or Geico. You'll have to estimate the value of your belongings to decide how much coverage you want. The company will give you a quote based on that amount. It shouldn't cost much more than $100 a year unless you have a lot of expensive things. Source: usatoday.com

News 12 at 6 o'clock / Jan. 27, 2014 AUGUSTA, Ga. (WRDW) -- Everything from downed trees to frozen pipes that rupture flooding your home or apartment. can be a reality. Experts are urging folks who do not have renters insurance to get it now. "If a pipe breaks and freezes and it runs and it ruins your contents that's your problem," Georgia Insurance Commissioner Ralph Hudgens said. It could be a very cold reality for some renters and even homeowners who do not have property insurance as what looks like a significant winter storm is expected to hit, in just hours. The storm could leave downed trees and even property damage. "They need to contact their insurance agent and get what they call a renters policy. It's just like a homeowners policy," said Hudgens. He said renters often think they don't need coverage but your landlord's policy will not protect your personal belongings. "A homeowner's policy protects a house plus the...

JACKSON, Tenn. -- Recent fires serve as reminders of how important it is to have insurance for renters. Owners of the rental properties insure their buildings, but not the personal property of renters. Once the temporary Red Cross housing money runs out, renters are on their own. Insurance experts say renter's insurance is probably not as expensive as one would think. "For the cost of two pizzas a month, they can get renters insurance," Wes Harris with State Farm Insurance said. "Most people think apartment complexes provide coverage for their possessions and they don't need renters insurance." Harris says insurance can also protect the apartment owner because the policy provides liability protection. Source: wbbjtv.com

According to a 2012 study by the Insurance Information Institute, 31 percent of renters had renters insurance. Many renters don’t have insurance because they don’t know what it is and why they need it, or because they think they can’t afford it. Renters insurance is just as necessary as homeowners insurance, even though you don’t have a lender forcing you to get it. Si what do you need to learn about renters insurance before you purchase a policy? Here are six renters insurance facts you may not know: 1. You Aren’t Protected by Your Landlord’s Insurance Many renters are under the mistaken assumption that a landlord’s insurance policy will protect them in case of a flood or fire. In fact, your landlord’s insurance policy only covers his property and possessions — generally just the property you’re living in and any appliances or furniture you’re renting along with it. Many landlords make this clear in leases and rental agreements. There are some times when a landlord could be...