If you have been renting for a long time in a small city or suburb – it is possible you’ve never fully considered getting renter’s insurance. And why would you? So many of your items are under warranty, or maybe you just don’t have a whole lot that you are worried about losing. The landlord has insurance for your place – so why do you need any?
However, more and more apartments, especially in big cities, are requiring you to have renter’s insurance before you even apply. If that’s the situation you are finding yourself in – then this is the article for you. We are going to tell you how to get renters insurance for cheap.
Should I get Renter’s Insurance?
The short answer is – YES!
The long answer – you definitely should get renter’s insurance. You have things and belongings in your home that are important to you, and you never know if you may accidentally cause some damage that your landlord is going to put you on the hook for. You don’t want a costly court battle, and you don’t want to lose money when renter’s insurance could have covered it.
Furthermore – renter’s insurance can be super cheap! Don’t let the word “insurance” scare you away and make you think that it will be costly and unaffordable. This guide will show you just how cheap it really can be.
When Should I Get Renters Insurance?
If you are renting a place – go ahead and get your renter’s insurance now. It will never be too soon to protect yourself and your belongings. If you are renting for the first time on your own and thinking about applying to apartments soon – now is also the time to get it.
As we mentioned, renter’s insurance is now usually required in larger cities to even apply to have an apartment. If you already have your renter’s insurance squared away, that’s one less thing to worry about during the stress of the apartment search, application, and moving process.
Better yet, some renter’s insurance companies will cover any damage that may happen to your belongings during a move if you are hiring a professional moving company. Bonus!
How To Get Renter’s Insurance
Now to the good part – getting affordable renters insurance.
First, you want to decide what coverage you will need. The three areas of coverage include personal property coverage, temporary living expenses coverage, and personal liability, and medical bills coverage. Most apartment complexes will only require the first type of coverage, but older buildings may require the last type.
Now that you know what you are looking for and what to discuss with an agent, all you have to do is use this easy tool to get your renter’s insurance application done in under two minutes.
It is really just that easy!
Having renter’s insurance can keep yourself, your belongings, and your wallet safe in case of disaster. At an affordable monthly rate, peace of mind is well worth the cost.