subject: Renters Insurance: A Must For Apartment Renters [print this page] If you are planning to move into an apartment community or already live in one, renters insurance is a definite must for you. Protecting your belongings in the event of a fire, burglary or natural disaster is the purpose of this type of policy. While it's true that your apartment community carries insurance of their own, your contents are not included in that policy and it's up to you to protect yourself.
This type is a very inexpensive way to provide peace of mind for you. Usually for just $20 or less a month, you can ensure that in any unfortunate event resulting in damage or loss of your apartment's contents, you will be able to collect replacement costs according to the plan you purchased.
Oftentimes, you will be eligible for a discount by choosing the insurance carrier you bought your car insurance document from. It's always advisable to shop around to make sure you are comfortable with your plan and its costs and benefits. If you have ever owned this one in the past, you may be eligible for a loyalty discount for your new policy.
Several discounts are given for apartment renters and becoming familiar with these can save you a lot of money. Fire or burglar alarms in your unit are almost always rewarded with a discount. Other features like sprinkler systems inside your unit and fire extinguishers decrease the cost of this insurance. Sometimes the installation of a deadbolt will save you money through an additional discount on your quotes. It's helpful to keep a list of these features handy when shopping for the quotes.
When obtaining your policy quotes, also have an idea of how much you believe you have in possessions in terms of monetary value. The customer service agent will also need to know the square footage of your unit to provide an accurate estimate.
Though it's not common knowledge, this type of cover also provides coverage for any accidents that take place in your unit. Certain policies will cover or assist with legal fees and damage from another person's accident inside your place. This makes it even more of an asset to anyone in communal living.
Now that you know the crucial nature of owning this policy and are armed with some tips on how to obtain it and save money on it, call your local agent today to get covered and be safe.
by: Andrew Stratton
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