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Because there is a higher chance of things going wrong such as theft and damage. Shopping around may help find lower prices.

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15y ago

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Related Questions

Do renters need homeowners insurance?

NO, But they can get Renters or Tenants insurance


What insurance will cover you for damage to your expensive block driveway for the sudden and accidental spillage of a large amount of oil on your new driveway?

homeowners insurance or renters insurance


What is the best renters insurance for a college student?

There are many companies that offer renters insurance. The best place to purchase renters insurance will depend on your location and individual situation. Some of the top rated renters insurance companies are Travelers Insurance, State Farm, Liberty Mutual, and Farmers Insurance.


How much does the average renters insurance cost in PA?

In the average rates for renters insurance, auto insurance, and home insurance, Pennsylvania is usually lower! In 2007, the average rate for PA renters insurance was only $144!


What is Broad Form insurance for renters?

Multi Peril Renters Insurance policy...Coverage for your stuff.


How can I get great renters insurance?

You can get great renters insurance at the following sites...www.geico.com Get a Quote or personalinsure.about.com/od/renters/a/aa021107a.htm good luck


Does Farmers insurance offer inexpensive renters insurance?

Yes, Farmer does offer renters insurance. Most renters insurance is very inexpensive, you can receive an estimate by answering some simple question on Farmer's website.


What about renters insurance makes it a necessity?

Renters insurance provide protection to a person and their home. As of 2013, the rates for renters insurance are lower than before, which provide many great deals.


What is the percentage on renters that actually get renters insurance?

About thirty percent get renters insurance. Renters insurance should be the top priority of any renter however. It helps just in case a strom, or anything else does damage to the place one is renting.


Can you share renters insurance with your roommates?

Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance. As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy. If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location). Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.


Where can I check the cost of insurance?

Renters insurance is a lot different than car insurance. You can find renters insurance from the State Farm Insurance website. Auto insurance is available on Progressive.


what is the cost of renters insurance for the average person?

If you are looking for more information on what is the cost of renters insurance for the average person, the best place to look for the information is on www.statefarm.com/renters