Helpful Information About Renters Insurance
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Do College Students Need Renters Insurance?
As college students embark on their academic journeys, they often face numerous decisions and responsibilities. One that often gets overlooked is if college students need renters insurance. Generally, the parents’ homeowners policy may cover full time students who fall under a certain age. Coverages may be different if the student attends on a part time…
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How to Buy Renters Insurance
Renters insurance is a safeguard that protects your belongings and provides liability coverage in case of unexpected events. It may be an additional expense, but it can provide peace of mind. The process to buy renters insurance is easy and straightforward. Here are some simple steps to consider on how to buy renters insurance: Assess…
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Renters Insurance Covers Flood Damage?
As a tenant, it’s important to protect your personal belongings from unexpected events like flood damage. However, many people are unsure if their renters insurance covers flood damage. In this blog post, we will explore the topic to help tenants understand what their insurance policy covers. Renters insurance policies typically do not cover flood damage.…
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Is Renters Insurance Mandatory?
In today’s world, it is important to have financial protection against unexpected events. One way to achieve this is by having renters insurance, which can help protect your personal belongings and cover your liability as a tenant. Some tenants may wonder, “is renters insurance mandatory?” To our knowledge, renters insurance is not a mandatory requirement…
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Renters Insurance is Good for Tenants
When looking for a place to live, some may forget to consider the importance of renters insurance. For homeowners who have a mortgage, many times homeowners insurance is a requirement by the mortgage company. Even if a homeowner does not have a mortgage, homeowners insurance is great protection against unforeseen events. Similarly for tenants, renters…
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How to File a Renters Insurance Claim
Renters insurance protects tenants against personal property loss, liability from guest injury, and cost of living expenses when temporarily displaced. When tenants buy renters insurance, it is with the hope they never have to use it. However, it is hard to control what can happen. So if a tenant incurs a covered loss, liability, or…
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Myths about Renters Insurance
Most types of insurance are optional. Probably the two most popular types of insurance are automobile and health. And between the two, automobile insurance tends to be a requirement. Most states require automobile insurance to own (and thus register) a car. Health insurance, on the other hand, is not a requirement by anyone. Renters insurance…
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Who Pays for Renters Insurance?
The labels for most types of insurance generally reflect who or what is covered. For example, automobile insurance is a policy that protects the car . . . and driver. Homeowners insurance is coverage for the home . . . and property owner. Medical insurance is coverage for health-related expenses . . . and the…
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Does Renters Insurance Cover Theft?
Having something stolen from you is never a pleasant experience. And then figuring out a way to replace the stolen property is another challenge. In these situations of theft, renters insurance can help. Most policies for renters insurance cover theft. It is always good practice to review your policy with your licensed insurance agent to…
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Types of Renters Insurance Coverage
Renters insurance is a type of insurance designed to help tenants who are paying rent to live in rental property. The types of renters insurance coverage generally fall into three categories: personal property, liability, and additional living expenses. We will cover these at a high level below: Personal Property Very simply, personal property is stuff…
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