Hi! My name is Brian Stevens. I am a former Insurance Agent and Financial Consultant, and I want to show you what Renters Insurance covers so you can decide what you need, what you don not and how to get the best rate. Renters’ Insurance covers damage or lost to your personal property caused by theft, fire, lightning, explosions, storms, vandalism and water damage from plumbing.
It also protects you in case someone injures themselves in your residents in sues you. And it pays for your living expenses such as Motel and Restaurant bills when your home is being repaired and you need a temporary place to stay. There are four basic types of coverage to consider when purchasing Renters Insurance. Personal property coverage covers your personal property such as clothing, furniture, electronic equipment, bicycles, etcetera; most policies limit this coverage to a said amount.
So, if your own expensive items like jewelry, art work or collections you should purchase additional coverage for these items. Liability coverage protects you and your family against claims made by another person for personal injury and property damage. If you do not have a lot of assets you can carry the minimum amount of liability coverage, but if you do have a lot of assets, you should increase this coverage to cover him or get an umbrella policy.
Additional living expenses coverage pays you to live somewhere else if your residents becomes too damage to living, most insurance cover you for 30 to 50% of the value of your policy. Flood and hurricane coverage covers damage and lost caused by floods and hurricanes. Most Renters policies do not include this coverage. So if you live in a flood prone area hurricane prone area. You should consider purchasing it.
The best way to get the best Renters Insurance rate is to comparison shop and the easiest way to do that is to get quotes from an insurance comparison website, it is quick, it is easy and it is free. Visit lowerratecolts.com or if you are on YouTube click on the little rate quotes link to the right of this video to get Renters Insurance quotes from top rated companies and see how much you can save.
You can get more tips and advice in their article section and get answers to your questioners, plus, get tips on how to lower your premium for an insurance expert by using your online chat service.
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