$300k renters insurance settlement proves you shouldn’t blowtorch a squirrel

Renters Insurance

A woman tried to clean the fur off a dead squirrel with a propane torch and burned down the building. A recent renters insurance settlement case serves as an important caution to anyone who would be inclined to use a blowtorch on a squirrel. A Michigan woman learned this the hard way after she and her boyfriend burned down her apartment complex. The couple had been at the woman’s home when they decided to try to remove a dead squirrel’s fur. The woman’s boyfriend was using the blowtorch to take…

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Basic Information about Renters Insurance

Renters Insurance

The scenario is simple: you decide to rent a house or apartment, hand over a deposit, and receive the keys. You move your items in, arrange them, and pay your rent (and utilities) monthly. But what happens when your apartment becomes damaged in a flood or fire, if someone breaks in and steals your things, or if a friend or other visitor trips, falls and ends up in the hospital? Moving into a rented apartment or house is easy. The tricky part involves protecting your belongings (among other things) from…

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Renters insurance still battling with consumer misunderstandings in Atlanta

Renters Insurance

Research is indicating that many tenants feel that coverage is less affordable than it actually is. Though the number of tenants is on the rise, according to national American statistics, over half are not protecting their possessions and their place to live through renters insurance. The primary reason that tenants have identified as a barrier to coverage is an inability to afford it. Recent research performed in Atlanta and other major American cities have shown that a misunderstanding of the cost of renters insurance is leading many tenants to refrain…

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Renters insurance missing among 66 percent of tenants

Renters insurance

Two out of every three Americans who rent their home are risking all of their possessions. A recent study has just revealed that only 34 percent of American tenants currently have active renters insurance, which means that the majority of them are taking a gamble with all of their belongings should they ever experience a fire, burglary, or other peril that is typically covered by the policy. Among the most commonly cited reasons that those without coverage gave was cost. However, at the same time that tenants were saying that…

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Why Renters Insurance Is a Necessity

Renters insurance

When you rent a place to live, it is necessary to understand that the property insurance that your property owner has, does not cover your personal assets and belongings – This is where renters insurance steps in. Therefore, it is always advisable that you take out renters insurance before moving in. As a tenant, you may find this type of insurance necessary when you are going to share spaces with other tenants, the place is a temporary housing facility, has shared bathrooms or kitchens with the owner’s family, or the…

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Renters insurance in North Carolina to increase 13.2 percent

Renters insurance

Rates for homeowners policies will not be affected by this change. North Carolina’s Commissioner Wayne Goodwin has announced that he is stepping away from his decision for slightly decreasing rates for rental insurance and other types of coverage for properties that are not occupied by their owners, due to a court battle declared by the industry. An out of court settlement has now been reached for the case between the industry and the Insurance Department. A compromise was reached in the settlement that fell between the 2.6 percent decrease in…

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Understanding the basics of condo insurance

Condo owners, similar to owners of houses, can greatly benefit from the coverage provided by insurance that protects them from damage to their property, as well as from liability. Many condo owners do have questions about condo insurance, however, as it is slightly different from the typical homeowners policy. Though they remain quite similar, there are some ways in which they differ due to the nature of the condo itself. In order to find out what types of insurance are available to your condo, speak with an insurance provider. Many…

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