Renters Insurance Guards Home and Possessions

Leasing a house or apartment gives you flexibility that's absent with home ownership. When something breaks, a quick call to your landlord often solves the problem. When life changes and you need to pick up and move, there's no house to sell and you can move quickly, if need be.

And with an average investment of less than $20 a month, you can insure everything inside your home and protect yourself against lawsuit in case someone gets injured while visiting

Protecting What's Yours

Rental insurance is an inexpensive way to ensure the possessions you accumulate can be repaired or replaced if the unforeseen happens. The standard policy of this type covers big-ticket items like electronics, furniture and, often, appliances, as well as less expensive home contents, like clothing.

Most renters can acquire thousands of dollars worth of property and liability insurance at minimal cost. Yet fewer than half are insured, either because they underestimate the value of their personal possessions or wrongly assume their landlord's insurance plan covers their things.

Anyone who's ever experienced a home fire, smoke damage, lightning strike, vandalism or theft, explosion or windstorm knows how those kinds of events can damage a home—and drain your family's budget—to say nothing of what a liability lawsuit can do. But with affordable protection in place, occurrences like these don't have to become major life events or turn into huge financial losses.

Money-Saving Tips

As we've related, the cost of insuring your rental is minimal to start with. But with most of your money spoken for these days, we've provided these tips to help you get the most out of the policy you purchase:

• Shop around, comparing policies and rates for the best coverage. We recommend using a free service like ours that offers connections with local insurance agents and multiple free insurance quotes.
• Consider a higher-than-average deductible. This is the amount you pay on your own before your insurer begins paying on your behalf. Simply increasing your deductible from $250 to $500 can save you upwards of 15 percent.
• Ask your agent about discounts. Items like alarm systems, smoke detectors, deadbolt locks and storm shutters often shave additional expense from premiums.
• Insure your house or apartment with the same company you insure your car. You'll snag additional cash you can use elsewhere.
• Don't smoke. Lighting up at home puts you and everything you own at risk.

If you're a renter living in an apartment, condo or house, you need specialized protection for the things you own. So use our network of agents today to shop your insurance rates and guarantee yourself the coverage you need. It's quick, convenient—and always free!

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