Renters Insurance Quotes
Get FREE Renters Insurance Quotes From Leading Insurance Providers
If you rent the place you live in, you probably need a renters insurance policy. Did you know your landlord's insurance only covers the actual building you live in, not your personal belongings? It is up to you to purchase insurance to cover your own belongings. Visit NetQuote to get FREE, no-obligation renters insurance quotes from top insurance carriers to find out how affordable this coverage is.
A typical renters insurance policy will cover what are called named perils, which are specifically outlined in the insurance policy. These named perils usually include events such as fire, theft, explosion, and windstorm, in addition to other events. The named perils found in a renters insurance policy are very similar to what you would find in a typical homeowners policy, but apply to your personal possessions, not the actual structure you live in.
A renters insurance policy will generally also have liability coverage which pays for injuries and medical expenses to third parties that occur on the property that you rent. Liability coverage gives you protection when people are visiting you, giving you one less thing to be concerned with.
When getting renters insurance quotes, pay attention to how the policy pays out when your personal possessions are damaged or destroyed. There are two choices - Actual Cash Value and Replacement Cost Coverage. Actual Cash Value pays based on the depreciated value of the item, which is usually less than what it will cost to replace it, where Replacement Cost Coverage pays based on the actual cost to replace the item with one of similar quality and function. Replacement Cost Coverage is better to have, but will usually cost a bit more.
Take an inventory of the personal items you have to get an idea of how much coverage you need, then visit NetQuote to get FREE, no-obligation renters insurance quotes from leading insurance companies.
