How To Protect Your Personal Property with Renters Insurance

There are affordable benefits to renting a house, apartment, condo, or mobile home; you are not responsible for repairs, you can move on after the lease is up and you do not have the added expenses for taxes and home insurance.

Renters Insurance can be affordable, and help is available to find a plan that you can afford. Do not count on your landlord’s home insurance to have coverage for your personal belongings or liabilities in the case of a hurricane, fire, etc.

Renters Insurance covers typically furniture, your TV, stereo, appliances, clothing, personal valuables and liability for injuries. If most of a renter’s belongings were stolen, consider what the cost would be to replace those items. Renters Insurance also covers you in case someone gets injured in your rental. You won’t have to pay their medical bills, nor would you have to pay legal fees if you are sued depending on the policy you choose.

If you cannot live in your rental due to a fire or other damage, you may purchase Additional Living Expense Insurance that can cover your out of pocket living expenses, including hotel charges and meals.

Types Of Personal Property Coverage

Deciding on the amount of your coverage is a very important way to save money. Consider what you can afford though if you do in fact lose everything in a disaster. Would you be better off with a higher deductible and a lower cost policy?

Take Inventory

Once you purchase Renters Insurance, take inventory of your belongings, furniture and everything in your dwelling. Use photographs or a video. Show serial numbers when available, open closets, drawers, your garage and storage areas. Be as detailed as possible. Make copies and save them online, in a safety deposit box or give to a family member or friend to save for you.

When you have Renters Insurance, you’ll feel much more at ease because there’s less worry about the what ifs. You’ve taken the proper steps to cover the contents of your rental. When there’s a lightning storm, remember Florida is the lightning capital of the US, you know your microwave, washer, TV, etc. are covered. When a hurricane or tropical storm is headed your way, you can take the proper precautions for you and your family and not worry about your furniture or computers.

Paying a small amount of money now can save you lots in the end with Renters Insurance. Call us today at 863-453-3903 with any questions, glad to help.

 

 

 

Photo Courtesy of ErikaWittlieb at Pixabay.com

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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 month’s rent and a security deposit and in some cases just first month’s 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 course 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 than 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 you 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 landlord’s 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 landlord’s 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