Live Insurance News

Renters insurance still battling with consumer misunderstandings in Atlanta

April 16, 2013April 16, 2013 H. Cutner

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…

Renters insurance missing among 66 percent of tenants

March 13, 2013April 30, 2013

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…

Why Renters Insurance Is a Necessity

February 9, 2013April 14, 2014 Guest Author

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…

Renters insurance in North Carolina to increase 13.2 percent

November 30, 2012April 30, 2013

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…

Renters insurance customers can risk losing coverage

November 1, 2012October 29, 2012 Julie Campbell

Tenants who sublet their space may not be permitted in their policies. The growing number of people who are leasing apartments and are holding off buying homes has also increased the number of renters insurance policyholders that are risking their coverage by taking actions that are not allowed by the terms of their policies. Subletting is a common activity but is not one that is typically allowed in a policy. According to the statistics collected by a commercial real estate firm, Reis Inc., the average cost of rent in the…