Some people wonder if they need renters' insurance, what policy they should get, what is covered when it comes to renters' insurance, and many other questions! This blog was created to help answer some of FAQs about renters' insurance.
What is renters' insurance?
Renters Insurance is a type of insurance coverage that protects your personal belongings while they are in a rented condo, apartment, or home.
It can be used when unexpected things take place like theft, fires, or sewer back up damage. When these things happen, renters' insurance can help pay for your lost or damaged possessions.
What does renters' insurance provide?
Renters insurance can provide coverage on your personal property. It also provides personal liability coverage, medical payments to others, and additional living expenses, or loss of use up to your policy limit. Renters insurance models homeowners' insurance, but of course, without providing coverage for the home itself.
Do you have to have renters' insurance?
Renters insurance isn't something that is always required, but it is highly recommended to have. Say if your apartment were to catch on fire, without having renters' insurance, you'd have to pay to replace all of the items that were in the fire out of your own pocket.
My landlord already has insurance on the dwelling, why would I need to get insurance too?
If your landlord has a dwelling policy, that will provide coverage for the dwelling's structure (the apartment, house, or condo) and their own personal property that may be inside (like appliances, fixtures, etc). However, a dwelling policy does not cover any tenant property.
How do you get renters insurance?
Getting a quote for renters' insurance is relatively easy.
Look at how much you need covered
You won't want to be paying extra for coverage you don't need. Evaluate your assets and get an estimate on how much it would cost to replace your belongings. It also wouldn't hurt to have a video of each room in your home highlighting your most valuable things.
Get a quote
You can call one of our offices or fill out the form on our website to get a free quote! We have a variety of companies that provide renters insurance, and we can work as an advocate on your behalf to find the company and policy that best suits you.
How is renters' insurance priced?
Often times, renters' insurance is priced based on a few factors about the dwelling at hand.
Location: The safer the area, the better the price tends to be.
Coverage Limits: Selecting the lowest limits that will correctly cover the value of your belongings and assets can help lower costs.
Number of units: If you live in a building that has many units that can lead to lower prices as well.
Do you already have renters' insurance?
Make sure that your coverage is adequate. Oftentimes, when you first buy renters' insurance, you're just moving in and don't have a lot of belongings inside your home. You can accumulate a lot of things in a short period of time! It's important to check your policy every year at renewal to make sure your personal property coverage amount is enough to cover all that is in your home.
Just like any other insurance, you can shop even if you already have a policy! If you're looking for a better price or more coverage on your renters' insurance, call us and we have a variety of companies we can quote you with! You may also be eligible for discounts if we can write your auto insurance with the same company as your renters'.
More questions or interested in getting your own?
Give us a call! You can reach us at any of our offices!
LaCygne (913) 757-4551
Mound City (913) 795-2200
Garnett (785) 448-3841
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