Blog

How To Purchase Cheap Renters Insurance Online?
Having cheap renters insurance may not be mandatory for all tenants. However, having this policy is a smart idea, especially if a covered loss happens. Landlords are not liable in any of the tenant’s damages to their personal properties. However, landlords need to procure a dwelling property coverage, to cover the apartment or any unit for rent, in case a loss happens. Renters insurance is a type of insurance that is designed to cover renter’s personal properties. Besides, this policy can also cover the renter’s from additional living costs expenses, should the unit they are renting is uninhabitable due to covered losses. 

What Is The Average Cost Of Renters Insurance In 2020?
Generally, the average cost of renters insurance is very low, than other types of protection. In the United States, typically, insurance for the tenants only costs $15 a month. However, despite this low cost of renters insurance, it could offer you more than a thousand of insurance protection. 

Renters Insurance usually is the cheapest insurance policy. It could offer the insured protection to its personal properties. It could protect the personal properties of the insured against covered damages, including theft. Besides, it could also include the insured from liabilities, should he cause bodily injury and property damages to other people. Furthermore, renters insurance offers additional living expenses, should the apartment of the insured is uninhabitable. However, damages to the rented unit are the landlord’s obligation to repair. Here we will help you how to purchase renters insurance for better protection to your belongings.

Renters Insurance Policy vs. Homeowners Insurance: What Is The Difference?
Both homeowners insurance and renters insurance policy provide financial security to the policyholder in case losses happen. Both insurances provide personal property coverage, and liability coverage. Also, both insurance has additional living expenses — should the house or the rented apartment of the insured is uninhabitable, due to covered damages. However, the most significant difference between the two policies is the property they cover. Renters insurance is for tenants or occupiers of a rented apartment or complexes — but renters insurance does not cover the damages to the rented apartment. While homeowners insurance is specifically for individuals or families who own a house, also, homeowners’ insurance could cover the cost of repair to the damages on the dwelling; however, only if the losses are due covered peril only.