Renter's Insurance
Much like My Pretty Pennies recently asked her readers about car insurance, I'm interested to know about your renter's insurance!
For the past two years, I didn't get renter's insurance. But moving to a new place has definitely made me think about it as a precaution! Unfortunately, I found out that I cannot bundle it with my car insurance due to the fact that I have "too many roommates" according to the company I use. So, that means I need to shop around for a good quote. I'm looking to get about $20,000 in coverage.
How much do you pay, what kind of coverage do you have and would you recommend your renter's insurance company?
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11 comments:
Mine is with Horace Mann. It covers $20,000 of my belongings, including my car. I paid $97 for a full year. I think my deductible is $800. I haven't had to use it but I'm very happy I have it. There was a fire one of the 3 sections of my condo complex last year, that destroyed 4 condos, which made me get moving and get insurance.
Ooooh that is a good question! I have also been struggling about whether to get renter's insurance or not... I'm curious to see what others say. :)
That's funny, the bf and I just had a chat last night about whether our renter's insurance coverage was way too low. But then again, unlike the first commenter ours does not include car, nor any property damage since we don't own the place. We got the minimum $5,000 and pay about $140 a year. Our stuff is definitely worth more than $5k though and (god forbid) if there were a fire we wouldn't be able to replace even a small portion of our beloved belongings with 5k. I just don't want to shell out more premium...is that bad?
I pay 10 bucks a month thru State Farm and they cover about 15,000. You have to check and see what the policy is though, because some places won't cover certain things or incidents. We had to be espceially careful since we have alot of electronics in th apartment, golf club sets valued at a couple thousand, etc.
Getting renter's insurance is a must. It leads to peace of mind and is a necessary precaution. We lived in Boston for years and were broken into twice but our renter's insurance covered us.
Becoming knowledgeable about renters insurance is a must for anyone renting an apartment or a home. Learning the difference between costs and coverages between several companies could save renters a considerable amount of money.
I pay $100 a year and it's a lot of coverage. I forget how much though. $100 a year is a small price to pay for peace of mind.
I wouldn't bother to shop around too much. Prices aren't likely to stray too far from $100.
I have mine with State Farm and it's $50/yr. I have about $8,000 worth of coverage (which is probably enough for the meager things I own as a poor grad student) and $300,000 worth of personal liability. My deductible is $500. Since I live in an apartment complex comprising mostly of other college students, I keep the insurance mainly in case of theft.
Thank you so much for asking this! I was wondering the same exact thing!
I pay $18 a month for renter's insurance. I can't remember exactly how much it covers, but I'm positive that it is more than enough if something were to happen.
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