Renting House or Apartment Tips – What you should know

If you are considering renting an apartment or home, it can be more affordable then making an investment that well, could take a lot longer to fulfill. When purchasing versus renting there are thousands of dollars for closing, inspections, an appraisal and more. When renting you only have to come up with firsts months rent, last months rent and a security deposit and in some cases just first months rent and security deposit.

Be prepared for a credit and background check. Your credit more than likely be checked depending on the landlord and a call to your job. Of coarse the owner of the rental is looking for dependable renters that will fulfill a contract.

You also should consider doing a background check on your landlord or rental company. Here is a link with some helpful tips and how to go about that.

If you are looking to rent, check over your lease and the property you are considering carefully. Get everything in writing, from repairs that may need to be done, to how long your lease is for and other restrictions you will be complying to.

Once you have decided on the place and signed the contract, take photos of the home before you get all your stuff in and are settled. Look for any holes, water marks in the walls, the grounds outside, things that need repair, a broken screen, window and anything that you may be held liable for it not notated from the beginning. Put every repair in writing (email) and keep those pictures on a separate stick or disk in case you need them later. You may want to ask the landlord if they want copies. As you are settling in for the first month you may see things that you missed when you first moved in. Put that in writing or take photos.

Check the lease if there is a cost for pets. Do they allow a relative or friend to visit for more then a week. If you have someone stay with you, some contracts have stipulations on how long they can stay before being considered a renter themselves on your property and could cost your more money. For pets, a separate deposit is usually required and cost extra a month for little fido or kitty.

There are many benefits to renting when it comes to repairs. The air conditioner goes out, need a new fridge or the roof needs repair. It is your landlords responsibility and while you may be inconvenienced for a short time, you are not putting out the money for these repairs.

In today’s economy, renting is a popular option but as convenient as it is you should know your rights and make sure your personal belongings are covered. It is not the landlords responsibility if something happens to your personal possessions. Hurricane, theft, fire etc. the responsibility is yours for replacement or cash value. Click Here for more information on the importance of Rental Insurance.

Call us today to get your questions answered. 863-453-3903 or visit our website BudgetBiRite.com fill out the form and we will have an agent contact you within 24 hours.

We find insurance that meets every budget!

 

 

 

Photo courtesy of ErikaWittlieb at Pixabay.com

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Tips On The Best Coverage for Your Condo Insurance

id-100281073Florida condo owners have insurance that is very different from homeowners and renters insurance. Even though your homeowner association carries insurance for the building, bridges, pools and the area the owners use like the lobby, you would think that you are protected too. Look closely at the sentence though, their policy covers the building, not your condo or your belongings.

Think about your condo unit as a separate entity. You didn’t purchase the building. You purchased your condo unit, so you must protect it and what is inside. You also must protect people that visit your condo unit in case they are injured. That is the reason you must purchase Condominium insurance. Your insurance will also cover damage to the building or common area that you or a visitor cause by accident or by negligence.

Condo insurance is similar to homeowners insurance in that it covers your property, liability for injuries and additional living expenses in case you cannot live in your condo due to a fire, storm damage, etc. Your hotel and meal charges are covered. Take inventory of your belongings and property using photos or video. Save receipts for new items, photograph serial numbers on your electronics and other items. Save the photos or video online and/or give a copy to someone who doesn’t live in your condo building.

When you need assistance choosing what policy is best for your condo insurance, Budget Bi Rite is there for you.

Have Questions?

Call us today to get your questions answered.

863-453-3903

or visit our website budgetbirite.com

fill out the form and we will have an agent contact you within 24 hours.

 

 

Photo Courtesy of mapichai at FreeDigitalPhotos.net


Renting an RV Recreational Vehicle Insurance Tips

ID-10090505Taking a vacation in an RV is fun for the entire family, but RV’s (Recreational Vehicles) can be costly to purchase. Consider renting an RV like you would rent a car and don’t forget to get the best coverage you can before hitting the road.

RV’s are harder to maneuver then a car or truck, but once you get the hang of it you are off and running. When renting an RV there is insurance coverage available for damages for an accident and a general liability coverage. What you may not realize is that these plans may not offer insurance for the interior, appliances, tables, beds, furniture and basically the upkeep of the interior itself. Like renting a home, take pictures of the RV inside and out before you pull out of the parking space.

Qualifying for RV rent insurance, requires a valid driver’s license and certain age requirements which vary state to state. Your auto policy may have limited coverage already in place for RV’s and you should contact your insurance carrier to see what is available or if they can add it.

Peace of mind when on vacation is essential and knowing that you are insured for any problem, just makes your time taking in the beach, country side or visiting a national park that much more enjoyable.

 

 

 

Photo Courtesy of debspoons at FreeDigitalPhotos.net