Searching for home renters insurance? Protecting your personal possessions is a very good idea
, baring in mind you are not covered under your landlord's home insurance.
The total amount you want to insure your possessions for, plays a very important part when insurance premiums are calculated. Make sure you create an inventory list and include all valuable items in your home. Some items increase or decrease in value with time and should be reflected accordingly when your policy is renewed.
The following tips will help you in your search for cheap renters insurance:
1. Having higher deductible - Your premiums will be lower if you have higher deductible. $500 deductible is likely to reduce the amount you pay by 12%. Still, make sure you don't set your deductible to a figure you can't afford to pay in case of emergency.
2. More protection against fire - Having safety devices like smoke alarms, a fire extinguisher of even a sprinkler system in your home will score you big points with insurers. Thoughtful renters are considered as less of a risk.
3.Increase security - adding deadbolts to your doors is very cost effective. Burglar alarms and motion sensors are very useful too. You will feel safer and pay less for renters insurance at the same time
4.Ask for discounts - it doesn't hurt to ask. Combining insurance policies or insuring long term will mean huge savings. In order to win new customers many insurance companies offer discounts.
5.Compare multiple quotes - home renters who want to save on insurance must compare quotes. Getting quotes from at least three different companies is what insurance expert recommend. You can save a lot of time and money by doing it online.