Do You Really Need Renters Insurance?
Oct 30, 2009 Renters Insurance
Renters insurance is not expensive to get, keep, or claim. In fact this is one of the easiest insurance policies that you can get. It’s cheap and quick and it protects you from all kids of bad things in life that can encroach on your private life.
Your landlord could only ever possibly be liable to pay off the damage from an incident if he or she caused it directly. Even so, it would take years to prove it criminally and then follow up with a civil suit to replace all of your belongings. In the meantime, you still have to put clothes on your back and food on the table you have to buy.
Weather, earthquakes, fires, and human disasters can be a huge part of just living in the world today. We take a risk just by existing, and sometimes that risk catches up to us and we suddenly find ourselves the victims of weather, theft, or the neighbor that had a gas leak.
Personal property is an investment, whether it feels that way or not. Everything you have in your place you purchased or received as a gift, and thus it is an investment. In order to keep your investment protected, you need a simple renters insurance policy. This way if anything happens you do not have to worry about spending too much to retrieve the finances to replace the items lost.
Confused? There are certain loopholes that would allow you to claim damages under your landlord’s policy. For instance, if your landlord torched his or her own building and this was proven in a court of law you would have a legitimate claim. The years that it will take to build a case, take it to trial, receive a finding, and file a civil suit would be long and arduous. You are better off filing a claim with renters insurance and then filing a civil suit if it turns out the landlord is directly responsible for any losses.
It is better to protect yourself through your own policy. Can you imagine exactly how much it would cost to replace everything in your home or apartment? Even if you have that kind of cash on hand, renters insurance prevents you from having to bear the expense of replacing everything you own.
Your income could easily be compromised without a way to replace your tools of the trade quickly and easily. This is what renters insurance is for. You don’t need to lose anything because your building ended up in the wake of a particularly bad storm or because you were burglarized while you were away.
Want to find out more about Apache Junction insurance, then visit Dave Trusty’s site on how to choose the best Apache Junction auto insurance for your needs.
Tags: Auto Insurance, Car Insurance, home and garden, Home Insurance, Home Mortgage, law, Personal Finance, quotes, rates, Renters Insurance
Renters Insurance - Does Your Landlord Cover Your Renters Insurance?
Dec 3, 2008 Renters Insurance
By Keith Mallinson
Renters insurance is a misunderstood subject which needs to be explained as there are many occasions where we rent equipment, marquis for a wedding, car or boat for instance; all of which could be damaged or even completely destroyed. Often people rent things with the false belief that some other insurance plan they have will cover them.
Now many people believe that when they rent a property that they are automatically covered on the insurance of the landlord. This is not the case and whilst he does have insurance, it is only for damage to the structure of the property.
This insurance does not cover your personal possessions or liability and if you cannot you replace them immediately, out of pocket then you need renters insurance. This can be a bigger problem where any damage to the building is a result of your actions at which point any costs will be the responsibility of the tenants.
There is in fact another reason to organizing renters insurance. The responsibility for a person being injured whilst they are in the home or apartment you are renting is down to you and not the landlord so if medical costs or attorney fees need to be paid, the rental insurance will cover it. This means you are covered for that person’s medical expenses, legal costs if they should decide to sue, and any damages they might be awarded.
It is quite common for people to rent a car believing that their own insurance will cover the costs if there is an accident but this isn’t always the case or if they do it has limited conditions but a worthwhile check should be carried out on the credit card you paid for the rental on as this may cover the costs. For the cover it supplies, collision damage waiver is not expensive at anywhere between 7 to 13 dollars per day which you have to admit is a lot less than the cost of a brand new can that may need to be replaced.
Of course there are many more areas where rental insurance can be used even if you are renting sports equipment for a vacation. Don’t dismiss the decision to by renters insurance; the peace of mind of knowing you’re covered in the event of a mishap is worth the small price of renters insurance. How much you will pay will depend on many factors as with all types of insurance but you can guarantee that certain factors like location, company you decide to use and what your deductible is will all be relevant. Take a look around before you decide on what company to use and try looking on the internet as discounts are often found there and adjust the deductible amount until the insurance premium is within your budget.
Copyright (c) 2007 Keith Mallinson
Keith Mallinson BscHons Provides Information on rental insurance: what it is, how renters insurance works, and where to find the best renters insurance online. http://www.renters.insurance-llc.com
Home Insurance, Car Insurance, and Safety. Copyright 2008 All Rights Reserved.
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Renters Insurance - Does Your Landlord Cover Your Renters Insurance?
Tags: Apartment, Attorney Fees, Belief That, Collision Damage Waiver, Damages, False Belief, Insurance Personal, Insurance Plan, Landlord Insurance, Mallinson, Marquis, Medical Costs, Medical Expenses, Occasions, Own Insurance, Personal Possessions, Property Insurance, Rental Insurance, Renters Insurance, Wedding Car