Apartment renters insurance is one of the fastest growing businesses on the market. This is due in part to the number of fires and disasters that have hit North America in recent years. Assurant is one of the leaders in apartment renters insurance. They have partnered with companies that are leaders in their field in an effort to bring reliable and affordable insurance to the public. When you buy insurance from Assurant, you have the option to also buy involuntary unemployment insurance that covers your rent for up to six months at $1,000 per month in the event you lose your job.
This is the only company among the crowds that offers such insurance. Depending on the security devices implemented in the rental property, you get a discount on the policy rates. Many other companies like Geico, Allstate, Progressive, and AGI offer you an insurance program. This program is designed to give you a greater discount if you have multiple policies with a specific company. For example, if you have rental car, life and apartment insurance with Allstate, you would receive up to a 35% discount.
Coverage from company to company will vary. Some offer you the option to choose your own, while others provide you with the basic necessities. Renters should realize that the contents of their rental property are their responsibility. In some cases, a landlord may require tenants to provide property insurance in case of damage due to negligence. Most of these policies provide liability insurance to cover any injuries that may occur to visitors on the premises. Some companies allow you to choose the liability coverage you want up to $1,000,000.
Rates also vary from company to company. Some give bigger discounts with multiple policies and others offer you more coverage instead of discounts. Apartment renters insurance isn’t just for apartments, either. They can cover duplexes and triplexes as well. This can be a house that has been converted into two or three apartments. Geico, AGI, and Progressive offer renters insurance to anyone who rents a house, apartment, or condo. This means that the policy you buy will cover your belongings, whether you live in a multi-complex or a single-family home. The cost of this type of policy depends entirely on the amount of insurance requested.
Most insurance companies will give you an instant quote when you call or go online. This gives you the ability to compare the rates of one policy with another. Going online and using an insurance comparison engine may be the easiest way to compare rates. Although the cost of apartment renters insurance will vary from company to company, it’s always a good idea to compare one instant quote against another and one policy against another. Before you jump in and decide on a company, shop around to find the best policy for the lowest cost. You won’t regret apartment renters insurance protecting your personal property.
