Archive for the ‘Renters Insurance’ Category

What New Renters Need To Know About Renters’ Insurance

Wednesday, May 2nd, 2012

If you are renting a new place, you may need renters’ insurance. Read to learn what you need to know about renters’ insurance to determine whether renters’ insurance is best for you.

When you are a renter, you have a choice to purchase renters’ insurance. As a renter, you have many of the same risks homeowners have when protecting possessions and being liable for accidents at your living space.

Here are some common misperceptions about renters insurance:

Renters’ Insurance Is Too Expensive. The average renters’ insurance is one of the most affordable insurance policies out there. Renters insurance cost between $15 – $30 a month. You will pay far more than that replacing all of your possessions or being liable for an accident on the premises of the property you rent.

Renters’ Insurance Isn’t Worth It Because I Don’t Have Many Valuables. When you have renters insurance, it can cover your electronics, clothing and household appliances. Just because you don’t have many valuables does not mean minimal items will not add up to thousands of dollars worth of merchandise.

The Landlord Has Insurance. I Am Already Protected. Your landlord has insurance for structural damage to the building and may even be protected against damage caused by you the tenant. This does not mean that your personal property is included in this coverage or protects you from being liable for damage such as a kitchen fire or a plumbing mishap.

You can decide if renters’ insurance is best for you by asking yourself and an insurance agent about the property you want to protect and the property hazards you want to have covered.

Here are some important questions to ask:

- How should you determine the value of your items?

- What optional coverage might be available?

- Does your insurance plan affect your roommate(s)?

-   How much liability coverage can be included in a renters’ insurance plan?

-  What hazards are included in the place and do you need a separate policy for specific circumstances?

If you have any questions or need professional services, contact the Kennedy Insurance Agency by calling 410-355-1010 or click here today!

Kennedy Insurance has provided Insurance solutions to individuals, families, and businesses for more than 25 years. No matter what type of Insurance you need, we have the knowledge, experience, and markets you can trust. Our Personal and Commercial lines departments can satisfy a broad spectrum of Insurance needs. With a large number of companies to choose from, we shop the markets so that you do not.

Our primary goal is to provide the people of Baltimore, Maryland and its surrounding areas with adequate Insurance at a competitive price, while still providing excellent customer service.

Check us out on Facebook and Twitter as well!

Source: What You Need To Know About Renter’s Insurance

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The Importance Of Renters Insurance Coverage

Friday, March 23rd, 2012

If you are looking for an apartment or home to rent, you need to know some crucial aspects of renters insurance. This article will provide you with the most important facts about renter’s insurance.

The majority of homeowners are required to buy homeowners insurance when they take out a loan for a home. Renters have a choice on whether to purchase renters insurance, unless the lease terms make renters insurance a requirement.

Many renters choose not to buy renters insurance without acknowledging they have the same risks as homeowners for being liable if damage happens to the property they are occupying. Renters still need to protect possessions and the building property.

The renters insurance policy covers property and one’s legal liability for the injuries to others and their property (your landlord) while at the residence.

It is a good idea to buy renters insurance because a landlord only has, in most cases, insurance for structural damage to property. Your landlord could even be protected against damage caused by tenants.

This may sound like enough safety net for you but the insurance policy often does not mean your personal property or living expenses are covered if property damage happens that could displace you such as a fire.

In a worse case scenario, a kitchen fire or plumbing mishap could happen on the property you are renting, and you could be liable for the damage you may cause to the building.

It is better to be covered than suffer from lawsuits or lack property damage recovery for your personal possessions.

If you are worried about the affordability of renters insurance, do not worry. The average renters insurance policy is very affordable at $15 to $30 per month. Your renter’s insurance can cover electronics, household appliances, jewelry, clothing- anything and everything valuable to you.

When purchasing renters insurance you should talk to Kennedy Insurance Agency about the property you want to protect and the hazards that come with it. We will help you be properly insured.

Not only will renters insurance protect your personal items, but it will also help with temporary housing and liability protection, such as medical expenses for people on your property or a lawyer if someone unintentionally injured by you sues you.

Renters insurance can help you pay for repairing or replacing personal property that is damaged, destroyed or stolen. It may also cover most lawsuits or claims against you if you are responsible for injuring others or damaging their property.

Request a quote from us here.

If you have any questions or need professional services, contact the Kennedy Insurance Agency by calling 410-355-1010 or click here today!

Kennedy Insurance has provided Insurance solutions to individuals, families, and businesses for more than 25 years. No matter what type of Insurance you need, we have the knowledge, experience, and markets you can trust. Our Personal and Commercial lines departments can satisfy a broad spectrum of Insurance needs. With a large number of companies to choose from, we shop the markets so that you do not.

Our primary goal is to provide the people of Baltimore, Maryland and its surrounding areas with adequate Insurance at a competitive price, while still providing excellent customer service.

Check us out on Facebook and Twitter as well!

 

Source: What You Need To Know About Renter’s Insurance

 

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