Renters insurance is designed to protect tenants or renters. It covers the personal belongings and liability of the tenant. If a covered event such as theft, fire, or water damage damages or destroys the tenant's personal property, renters insurance can provide compensation for the loss. Landlord...
The typical insurance policy for renters offers liability coverage of $100,000. This amount is also sufficient for tenants. However, you should consider an insurance amount equal to at least the gross value of your assets if you host a company regularly at your home or if your assets surpass...
Renters insurance policies are meant to be individually held, so if you share a home with roommates, each person must have their own policy. Most renters insurance companies do not allow roommates to share policies, as it can get messy when it comes time to file a claim. Purchasing your ow...
Renters insurance is available in all 50 states and Washington, D.C. However, states with a high density of renters, such asCaliforniaand New York, may have more active renters insurance markets with more companies and endorsements to choose from. ...
Using credit to set homeowners, renters, condo and mobile home insurance prices is not allowed in California, Maryland and Massachusetts. » MORE:How poor credit could raise your renters insurance rates Your dog Because renters insurance typically includes liability coverage for dog bites, owning la...
“My sister was hit hard by Hurricane Sandy in NYC, so it was really important to her that I get a renters insurance policy. Initially, I shot really low with my coverage. And then my sister made me assess what I truly had and the value these things carry.” Bottom line: Choose your...
Before we dive into the specifics, it’s important to note that the cost of renters insurance can vary based on several factors. These factors can include the location of your rental property, the value of your personal belongings, the coverage limits you choose, and your desired deductible....
Homeowners insurance can be confusing, but we explain what renters insurance companies do and everything you need to know to purchase the best policy for you.
Learn the key takeaways of homeowners insurance and how it works. Find out what it covers, how much it costs and why it's important to have.
Renters insurance rates will likely differ based on the carrier you choose. Providers employ their own underwriting processes and offer varying coverage options, and both affect premiums. Because companies charge different amounts for similar policies, it’s important to do your due diligence when sho...