Tag Archives: Renters

Why Do Renters In South Florida Need Property Insurance?

Article by Emily Jackson

If you are renting a property in South Florida, do not put yourself at risk by choosing not to invest in property insurance. Just because you do not own the property you live in does not mean you do not own valuable items that do not need protection. If you choose to live without South Florida insurance and you experience a loss, you could be left trying to find a way to replace your belongings and rebuild your life. Understand what type of coverage is provided by a renter’s insurance policy and invest in protection for as little as per month.

Protect Your Belongings You Have Purchased Over the Years

One of the primary coverages provided by a renter’s insurance policy is personal property insurance. Over the years, tenants accrue a number of different belongings. If you have ever taken an inventory of your personal property, you may be surprised to find that you own more than ,000 in furnishings, electronics, clothing, and household appliances. Choosing not to insurance your belongings will certainly leave you in a bind if you ever need to file a claim. When you quote renter’s insurance, make sure to quote a policy that will value your property based on replacement cost. Replacement cost valuation will provide you payments based on how much items cost at the time of the loss.

Do You Have Protection Against Lawsuits?

Your landlord has insurance that will protect them against liability lawsuits if you or another individual tries to sue them. Landlord insurance will not protect you if a third-party claims you are negligent for their injuries or property damage. South Florida insurance for renters provides a minimum of 0,000 in personal liability coverage. This protection will cover you at home and anywhere in the world. In today’s litigious society, carrying personal liability insurance should be considered a must.

Loss of Use Coverage to Cover Immediate Expenses

The last thing you want to think of is what you would do if your house was totaled because of a fire or another catastrophic loss. If your home is uninhabitable, renter’s insurance will pay to replace your food, your clothing, and to rent a new property. Loss of use coverage comes in handy if you have to stay in a hotel and you do not have the money to pay for the accommodations.

For as little as per month, you can invest in a South Florida insurance policy for renters. Contact your auto insurance agent to see if you qualify for a multi-policy discount. Generally, when you combine property and auto insurance with the same carrier, the savings will almost pay for your renter’s policy. Invest in protection and get the peace of mind you need to sleep at night.

About the Author

Visit South Florida Insurance for more information or visit our blog at http://cvcourt.com/why-do-renters-in-south-florida-need-property-insurance/.

Renters Property Insurance – Get the Best Rate

Article by Brian Stevens

You know you need renters property insurance to protect your personal property, but how can you get the best rate with a reputable company? Here’s how…

Renters Property Insurance

Renters property insurance pays to replace your personal property – furniture, clothing, electronics, etc. – when it’s stolen or damaged by fire, vandalism, or natural disasters.

It also pays claims made against you when someone injures himself or damages his property in your home, and it pays for your living expenses if your home becomes uninhabitable due to a fire or other disaster.

Save on Your Renters Property Insurance

Here are some ways to save money on your renters property insurance:

Comparison Shop

Renters property insurance can vary by hundreds of dollars from one company to another, so you need to go to an insurance comparison website to get rate quotes from different companies (see link below). Compare quotes from at least three companies then choose the cheapest quote that provides the best insurance coverage.

Increase Your Deductible

The deductible is the amount of money you pay toward a claim before your insurance kicks in. Renters insurance deductibles start at 0. Increasing your deductible to 0 can save you up to 15% on your premiums. Increasing it to ,000 will save you up to 25%.

Buy Your Renters and Auto Insurance From the Same Company

Most insurance companies will give a 10% to 15% discount if you buy both your renters insurance and your auto insurance from them.

Install Safety and Security Devices

Insurance companies will give you discounts if you have smoke detectors, dead bolt locks, window locks, fire extinguishers, and sprinkler systems in your home. If you don’t have these devices, ask your landlord to install them, pointing out that it’s to his benefit too.

Get Senior Discounts

If you’re 55 years or older, and retired, you can get up to a 10% discount on your renters property insurance.

Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get renters property insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section.

About the Author

The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on renters property insurance.

Related Property Insurance Articles

What You Need To Know About Renters Property Insurance

Article by Bo A Miller

Renters Property Insurance has a vast range of coverage which includes policy for properties like Residential (houses, flats, apartments, Condominium, Lofts), Commercial (shops, workshops, offices), HMO (multiple occupation dwellings), Holiday rentals & Holiday rental businesses, Student renters, Unoccupied Property and Public Liability.

The associated risks with those who are renting a property is huge and quite different from that of individuals or policyholders who owns and occupies the property. Landlords and tenants alike are caught up taking unnecessary risks when they don’t even consider the idea of purchasing the right insurance coverage or there are instances when they are not informed or unaware that renters property insurance is available for their specific needs.

Getting the right information and keeping yourself updated with Renters Property Insurance is the first step to protecting you and your family from any trouble, loss or damages that you might come across with. Whether you are a landlord or a tenant, you have to be educated when it comes to getting the best Renters Property Insurance. For Landlords, you must be aware that other than your property, you also have to think of third-party liability and also your employees (gardeners, caretaker, maintenance personnel). The Property Owner’s Liability or Third-Party is usually taken for granted which should not be the case as third party liabilities pose a great danger or risk to you. So when you review your policy, make sure that your Renters Property Insurance includes Third Party coverage. The Employer’s liability (even for those who operate small or part-time) should look at this coverage. It is mainly responsible for claims of your employees who sustain a injury or dies while at work in your property.

Your property coverage is really a standard policy that the landlords purchase under the renters property insurance. It covers for damages or loss of invested properties that have been leased or for rented by landlords or owners. Under this coverage, you can choose from actual cash value or replacement cost of the damaged building or structure.

Meanwhile, the tenants also have obligations or should need to bear in mind that their landlord’s insurance does not protect their personal belongings. They have to purchase a renters insurance policy that will cover protection of the contents of the house being rented. The coverage for tenants includes protection from damage of the personal belongings such as gadgets, clothing, equipment, furniture and more. There is also what they call the Personal Liability Coverage which is more for the tenant’s financial security protection. When a person or a non-family member gets hurt or wounded while on the vicinity of your house, you will be liable for expenses that will pay for the medical bills, salary lost due to hospitalization or recuperation. If your apologies are not enough, they may even file a legal suit against you. The legal fees will be provided for your insurance and it is something that you would not want to worry about. Just so it is clear, tenants are responsible for insuring their personal belongings while landlords are responsible for insuring the house or the structure which are totally different insurance policies.

For cases such as business or commercial property rentals, the usual practice is that the landlord insures the building and is also responsible for collecting from tenants the insurance premiums. Just like insurance for residential purposes, the tenant who operates a business and rents a commercial space shall be responsible for getting his own renters property insurance that will cover for the contents of the building as well as the risks associated with the business.

About the Author

Shop around and compare Renters Property Insurance prices. Visit http://www.wiseinsurancequotes.com/renterquote.php and save up to 70% on your insurance costs. It’s fast, free and easy!

Learn about the various types of insurance business owners should consider when operating in the District of Columbia. To watch the entire Insurance for Small Business (7/18/07) seminar please visit www.wdcep.com.
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