Are you moving into a rental property? Most likely, the last thing on your mind right now is rental insurance. However, this is something that should be considered to protect yourself and your valuables, plus against anything you may be legally liable for such as damages that you may or may not have caused to the landlord’s apartment that you rented. An example of this would be you owning a waterbed which springs a leak causing extensive damage to the floor of your apartment and the apartment below. Now the landlord sues you for damages because the landlord does not have coverage for waterbed leaks. As a renter, you are not covered by your landlord’s insurance as most people think.
Occurrences such as theft, fire and lightning, roof and plumbing leaks, smoke, electrical surge damage and vandalism can cause damage to your personal property. That is why we suggest renters obtain rental insurance to protect their valuables.
Renters don’t think they have enough personal property to make a renters insurance policy worthwhile. Think about what you own and estimate the value of your belongings including clothing, furniture, television, entertainment system, computer, I-pod and jewelry. Then think again about what you’ve got to lose.
Without renters insurance, you have no coverage for personal property loss or damage. You also could face substantial out-of-pocket expenses for legal fees to hire an attorney to represent you. Fortunately, you can get affordable renters insurance (also called apartment insurance) to help you in situations like these.
Prices can range from $120.00 and up depending upon the total amount of content coverage.
Also by combining the renters insurance with your auto policy, you can get a discount in both of them. Sometimes depending on the cost of your auto policy the combination savings will pay for the renters insurance. In that case its a no-brainer.
We have been able to find reasonable rates for our customers as we have many, many outlets for your insurance needs as opposed to other agencies only having a single carrier. We’ve been nicknamed the “Good News” agency.
One of our policyholders had a friend over to their apartment to visit. Each had a 3-4 year old child. They began chasing one another through the apartment. The visiting child ran into the corner of the table causing eye and head trauma. They took the injured child to the emergency room. My customers tenants policy paid for the medical bills and would have paid for any lawsuit had there been one. Both parties were very satisfied with the efficiency in which the claim was handled.
Another claim was when someone broke into our insured’s apartment, stole their flat screen TV, DVD player, computer, and printer and riffled through their wife’s jewelry. We had written a full replacement coverage policy which replaced all the items brand new for old, minus their deductible. They were very happy we recommended a full replacement cost policy to them
It is always best to talk to a live licensed agent instead of a 1-800 number. Contact Harry I. Norton licensed agent for 51 years. Normal Business Hours: (716) 675-5700 / After Hours: (716) 652-4602 to discuss your homeowner / property insurance needs today. You may also Click Here to fill out a Quick Quote Form .