Is Renters Insurance Required? No, renters insurance is not required; it’s completely optional. However, it’s considered to be a necessity by some. There are probably a few things that are in your rental that you would have a hard time living without. What would you do if there was...
To cancel your renters insurance, you typically need to contact your insurance company directly. You may be required to provide a written request or follow a specific process outlined by the insurer. It’s a good idea to check your policy documents or contact your agent so you have accurate ...
Many people seem to think that renters insurance is required, though on its own, renters insurance is not legally required, though it may be part of the terms of a lease. Even if it is not required by your lease, there are many valid reasons to purchase renters insurance. Renters insuranc...
Renter’s insurance is atype of insurancethat protects the renter, as well as their property. Just like other forms of insurance, customers will choose their amount of coverage anddeductible, and be then required to pay a monthly premium based on these, as well as a few other, factors. ...
While 95% of homeowners have homeowners insurance, only 41% of renters have renters insurance, according to the Insurance Information Institute. Andonly 44% of millennial rentershave it. It’s an often overlooked type of insurance, but it’s just about themost affordable protectionyou can buy....
Is homeowners insurance required? Home insurance is not legally required in any state. However, it is generally a good idea to have coverage in place to protect against the risk of financial loss. And, if you have a mortgage on your home, the lender will require you to have insurance to...
You can find the average cost of renters insurance in 25 of the country’s largest cities below. Los Angeles is the most expensive at $250 per year on average (about $21 per month), while Seattle is the most affordable at $137, or about $11 per month, on average. ...
When you move into a new place, it’s more fun to imagine future dinner parties than worst-case-scenarios. Maybe that’s why so few renters have renters’ insurance—as of 2014, the Insurance Information Institute (III) reported only 37 percent of tenant
Renters insurance is a policy that protects tenants' personal belongings and provides liability coverage. It safeguards against financial loss due to theft, fire, or other covered events and offers liability protection if someone is injured in the rental unit. Though not always required, it is cove...
Renter's insuranceis typically required for the renter's personal belongings. Renter's insurance protects for any loss in value of belongings and furnishings in the home. Also, it's important that it be mandated that the owner also have homeowner's insurance in the event something happens durin...