Buying home renters insurance can be a tiring experience but once you have purchased you policy, it is so worth the time invested. You should begin by making a list of your possessions. You should include clothing and every day belongings such as dishes, televisions, furniture, etc. Next consider what it would cost you to replace them in case of fire, water damage or theft. Finally, go online and search some of the insurance websites for the best quote you can get. If the policy does not offer a high enough limit on contents, you can include an endorsement for high value item insurance that will cover items such as jewelry, furs, computer equipment and other high dollar items.
There is an abundance of companies that offer home renters insurance to buy. Progressive, Allstate and Geico are some of the better known companies but there are others such as Assurant and AGI that are less public about their insurances. Tenants of all walks of life depend on these companies to provide them with content and liability insurance that helps protect them from loss and legal action. The cost of this type of coverage is nominal when you consider the cost involved with replacing the contents of your home.
You can buy your home renters insurance online or over the phone. Most all companies will give you an instant quote for you to compare to other companies. It is recommended that you compare rates with several companies before choosing one specific company. You can compare the major league companies like Geico, Progressive and Allstate and find the best company from those. Then compare that rate to the less public companies such as Assurant and AGI to get the lowest rates for the best coverage.
Insurance companies offer their customers a discount program when they buy several policies with their company. For instance if you already have auto insurance and add home renters insurance, you can get a discount on the rates of your policies. This type of program offers a larger discount the more policies you own. You can also get discounts for safety and security features that your home has implemented. This gives you an instant discount that can lower your rates even more. Very few companies offer liability coverage above the average limits. Allstate allows you to choose the coverage of liability you need.
All tenants of rental property should be aware that it is their responsibility to carry insurance on the contents of their home as well as liability insurance. These are usually combined in one policy and each policy has a deductible that tenants are responsible for paying in the event of a loss or damage. The next time you see an apartment fire on the news, you will wonder if those tenants had home renters insurance. It may even convince you to buy your own to help protect your possessions as well as your future income from legal action.