You just signed the lease contract for an apartment and all your stuff — from furniture to electronics — is ready to find a place in a new home. If you’re thinking about how to best protect your belongings,
If you’re trying to decide on the right amount of renters insurance for your needs, it’s important to think about how much valuable stuff you own, as well as how protected you’d like to be in other scenarios (like if someone gets injured at your apartment). You’ll also want to ...
Like other types of property insurance, renters insurance is made up of multiple components, all of which offer different types of protection: Personal property coverage:Provides protection for your personal possessions. Policies either provide the replacement cost value or the actual cash value of ...
Renters insurance is designed to provide coverage for your belongings and liability exposure, but it might not cover property damage caused by pets. Because renters coverage may help pay for a guest or neighbor’s medical expenses, having a pet in the home could increase the cost of a renter...
The averageannualcost for renter’s coverage in New York City is only $200. The cumulative cost of renter’s insurance, no matter how long they lived in the apartment, would have been far less than the expenses my renter neighbors incurred. I find that especially sad given that renter’s...
Liability: If you’re found liable for someone getting hurt or having their property damaged at your apartment, renters insurance can help to cover the costs of their medical bills or damaged property. Whether renters insurance is required or not, it’s worth considering. It can protect you an...
If your home is worth more today because its value has appreciated over time, you’ll likely need more homeowners insurance coverage. Have you acquired more expensive belongings in your rental apartment? If so, you may need more renters insurance coverage. Be Sure You Have Enough Homeowners ...
Even those who choose not to build can still have a say in the interior design, for example, by buying off-plan. And if you remodel yourself, you can still adapt a reasonably priced house or an existing apartment to suit your needs....
Two renters pose in front of their new home that they're renting from Roots, a program that helps renters invest in real estate. Courtesy: Katie Curran When Will Hunnicutt was searching for an apartment in Atlanta earlier this year,pricey leasesand application rejections left him feeling defeated...
Renters insurance for your tenantshelps cover the cost of replacing your tenants’ stolen or damaged personal possessions, it can also cover the cost of damage caused to the property by negligence. Ultimately, it is in a landlord’s best interest to encourage tenants to get renters insurance so...