Comments on: Why Renter’s Insurance is a MUST!

By: Lisa F.

Lisa F. — Wed, 17 Dec 2008 21:10:43 +0000

Buying renters insurance was FREE! Yes by having 2 policies with one insurance company, the cost of our auto insurance went down $200 a year and the renters insurance was only $180.00 a year. So actually a money maker and with FREE insurance. Ask about it today…it really is a must.

By: Sheila

Sheila — Tue, 16 Dec 2008 22:22:53 +0000

The first year we rented our apartment, we didn't have it because we thought it would be too expensive. The pricing I was getting online was crazy and they asked really weird questions. Then I was referred to Merritt Hall (a Nationwide/Allied company) because we had issues with American Family. I was able to get $40,000 worth of rental coverage plus our car insurance for about $10 more a month then what we were paying for just car insurance ($20,000 would have been the same price!) by making that change. So if you are looking into rental insurance, go straight for a local agent and see if you can discounts for having multiple types of insurance with them. I love having the piece of mind, that if something happens like a neighbor setting off fireworks and burns down the complex (that happen at a complex a couple of years ago in Indy) we will be able to recover. Sheilas last blog post..Save 25% off Cerama Bryte

By: Miguel

Miguel — Tue, 16 Dec 2008 21:11:49 +0000

Briana,

Thanks for highlighting renter’s insurance and sharing a link from the State Farm website.

Insurance is a subject people don’t necessarily like to think about, but plays a crucial role in protecting yourself against unknown risks. As you point out, a renter’s insurance policy usually doesn’t cost very much. Furthermore, depending on your insurance provider, you might qualify for discounts from owning multiple policies under a single carrier. Discounts will vary depending on your provider, location, the number of policies owned, and several other factors.

To find out about your insurance options, we recommend speaking with your insurance agent, especially since everyone’s circumstances are unique. Your insurance agent should explain your options and help you decide what works best for your financial situation.

Before you chat with your insurance agent, think about the value of your belongings. Understanding the amount you wish to insure will help your agent provide better recommendations and more accurate insurance options. In addition, be sure to take photographs and/or keep an inventory of your belongings. Store your inventory in a secure location. An inventory will help you in the event you need to file a claim.

If you own a PC, feel free to download a copy of Possessions Matters, a home inventory program: http://www.statefarm.com/insurance/service_center/possessions_matters.asp

Thanks again!! ~ From State Farm Insurance

By: Jennifer M.

Jennifer M. — Tue, 16 Dec 2008 18:08:14 +0000

When it was just a couple of us, I didn’t have Renters Insurance, but when my mom & stepdad moved in, we had more valuable stuff, plus I couldn’t control everything people did in the house, so I decided to get the Renters Insurance. I pay approx. $130/yr. Which reminds me… I think I should put the information in the safe!! LOL

By: Blakely

Blakely — Tue, 16 Dec 2008 16:54:29 +0000

I was lucky that when I rented right out of college my parents made me get renters insurance. It only cost me around $10.00 a month because I didn't have much. Looking back it was one of the best things my parents could make me do. I never had to use it, but I'm glad I had it. Blakelys last blog post..We're back, but not for long.

By: Katie

Katie — Tue, 16 Dec 2008 14:20:37 +0000

Thanks for this information. We rent and when I asked my landlord if we needed renters insurance he told me, “No.” Seeing these pictures and hearing that heartbreaking story of that family terrifies me. I am definitely going to look into that insurance!