It’s that time of year when students are heading to dorms and off-campus rentals in houses and apartments. College students are preparing to head into their dorms or off-campus rentals, bringing quite a bit to jam into small spaces, while parents continue to seek out the best renters insurance to make sure all those possessions are covered against the unexpected. Accidents, fires, thefts and others can leave uncovered students on the hook for replacement expenses. Many parents know that renters insurance is their best option to make sure that even…
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Renters insurance coverage protects tenants from more than they realize
This lack of understanding means many people don’t value it as highly as they might with information. Most tenants are aware that renters insurance coverage exists, and while most done realize how affordable it actually is, even more don’t realize how much coverage they receive within the bounds of one standard policy. Many people believe these policies are meant exclusively to cover stolen or damaged possessions. The reason renters insurance coverage is often interpreted this way is that it is also often known as contents insurance. This implies that the…
Read MoreAllstate, GEICO, and Allianz enjoy prospering worldwide renters insurance market
The results of a new study have shown that insurers are enjoying a thriving sector. According to the outcomes published in a new renters insurance market report, the sector is thriving worldwide. Insurance companies such as GEICO, Allstate, Esurnce, Allianz, and Shelter Insurance & Mercury Insurance are all prospering according to the “Southeast Asia Renters Insurance –Market Development Scenario.” The study examined the strong successes these players are enjoying in this particular market. The report looked at the renters insurance marketplace using both qualitative and quantitative market data. It also…
Read MoreJewelry insurance appeals to diamonds and heirlooms
Expensive rings, necklaces, earrings, watches, bracelets and other items need separate coverage. Engagement rings, great-grandmother’s necklace and other expensive items can benefit from jewelry insurance coverage. Their coverage under homeowners or renters policies is very limited. Often, there is inadequate protection offered for the full value of a high-value piece. Renters and homeowners policies offer protection but only up to a certain limit for all pieces. Homeowners and renters insurance policies will usually limit jewelry coverage at around $1,000 to $5,000. However when it comes to more expensive pieces, this…
Read MoreThe Average Monthly Cost of Renters Insurance
If you are a tenant, it is imperative that you invest in renters insurance to protect your personal property. While the landlord does carry insurance to cover the property, renters insurance is designed to cover potential claims that can affect you as a tenant. Personal property, loss of use, and liability coverage are the most common coverage options offered by a renter’s insurance contract. If you understand what these specialized property insurance contracts cover and how much you can expect to pay for coverage, you will get peace of mind…
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