Renters Insurance

A kind of home insurance designed to protect the holder from liability arising out of losses, damages and accidents that occur in a rented home, apartment or condo. Policies usually include replacement cost.

Asked in Renters Insurance, How To

How To Save On Renters Insurance?

User Avatar
Getting renters insurance makes a lot of sense to be sure, but you don't have to kill yourself financially to make it happen. One smart move for people taking out renters insurance is to insure only large items. Many people gets renters insurance to cover every possession, but this is a large expense. If you just cover large items, you will be protected in case of disaster, while also saving some money. This is a value proposition that only you can answer, but it is a good way to keep costs down as you try to save money each month.
Asked in Renters Insurance

Why is renters insurance so expensive?

User Avatar
Because there is a higher chance of things going wrong such as theft and damage. Shopping around may help find lower prices.
Asked in Renters Insurance

What does renters insurance cover in my apartment?

User Avatar
Renters insurance covers things of value in your apartment. It also covers you in case your apartment becomes unlivable and will reimburse rent for temporary living elsewhere.
Asked in Homeowner's Insurance, Renters Insurance, The Difference Between

What would likely be covered under homeowner's insurance but NOT by renter's insurance?

User Avatar
Damage to anything covered by the landlord's insurance, because the landlord owns the property not the renter. Such damage would be covered under homeowner's insurance, because the homeowner owns the property.
Asked in Renters Insurance

What would renters insurance be useful?

User Avatar
Renters insurance can cover loss in case of fire, theft, accident. Your possessions are not covered by the building owners insurance policy.
Asked in Renters Insurance, Landlord-Tenant Issues

Can a landlord ask for a second deposit after you've signed a lease?

User Avatar
No. Once your lease is signed and deposits given the Landlord cannot change the terms of that lease.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.