 Need someone who knows home insurance.? |
| My neighbors home has been vacant for 9 months or more.In Jan. a pipe in their home broke on the second floor no one knew this for a least a week!! It completely filled their basement (7' of ... |
|
 Found lost ring, but already filed a claim and had it replaced? |
| I lost a ring, filed a claim with State Farm, got it replaced, and found the ring underneath the fridge. I actually thought it was stolen. It went missing when there was construction going on in our ... |
|
 Will home owners insurance pay for water damage if I was out of town for work? |
| I recently purchased a home and then was forced out of town to work a week later, resulting in never moving in the house. While working 3hrs away my parents would check on the house occasionally, and ... |
|
 My car insurance is going to pay off my car. Will they give me the check for the car or the loan company? |
| I am still waiting for my insurance to finish the inverstigation. I know for sure that my car is a total lost. I am paying for the car through a car loan ... |
|
 Any suggestions on how to fight my insurance company so they will pay for gastric lap-band surgery? |
| I have decided that I would like to have gastric lap-band surgery. Over the past 15 years my weight has yo yo-ed and I cannot seem to maintain the weight I lose. Please refrain from lectures on ... |
|
 How do Insurance companies know if you have a pre-existing medical condition? |
| Lets say you tell them you dont have any problems, then you get the health insurance then begin to see a doctor concerning your problem, knowing you have problems that should be treated, how will ... |
|
 Can you refuse to give you insurance info? |
| There was a flood at my apartment this past weekend. I had to stay in hotels. I called my insurance and they said that they would not cover the stay, and since the flood was caused by faulty work by ... |
|
 Personal injury claim/Premium query? |
| A friend was involved in a car crash recently where she was the passenger. She was injured and in a position to claim. However, will a claim on the insurance (policy belongs to her husband) mean ... |
|
 Is $250/ month a lot to pay for health insurance? |
| Just my husband and I would be covered. Seems like a lot compared to what we paid at his old job.... |
|
|  |
nobody26 | Should I get renters insurance? |
Im just out of college with no alot of things. I recently got married but we dont have a whole lot of nice things just getting started. Is it expensive? |
 |
 
mbrcatz
 |
It's really cheap - about $150 a year.
Do you need it? I don't know - if you guys were both at work, and your apartment caught on fire, would it be a problem if you lost everything in it?
If no, you don't need it. If yes, you should probably get it. And if you have car insurance, it might be "free" - because if you go to the same insurance company that writes your car insurance, the discount off your car insurance will likely pay for the renters policy. |
|
Spock (rhp)
 |
it is fairly cheap.
the major point of renter's insurance isn't your things, it is the liability lawsuit that might happen if someone comes to your door and trips over your things, or your one day children's toys. |
|
SD Mike
|
Renters insurance is very inexpensive, possibly as low as $150 a year if you don't a lot of expensive things. Keep in mind that renters insurance not only protects the personal property in your apartment, but it also protects your liability. Renters insurance is a great value and everyone renter should carry it. |
|
heyteach
 |
Anywhere from around $150-300 per year in most cases.
Yes you NEED renters insurance.
Why?
What if you have a fire in the place? You will have damaged property NOT belonging to you and will need to pay for that.
What if you have an old person fall down your stairs or off your porch? Lawsuit!
What if you are biking along (not driving) and you don't notice a kid dart out in front of you and you hit him and he's injured. LAWSUIT!
You bet you need renters insurance. |
|
fighting saints
|
As others have pointed out the liability coverage of a renters policy is very important.
Frankly, if you burn down your apartment with a kitchen fire you won't give a damn about your stuff when some insurance company is coming after you for $25,000+ damages.
The liability coverage protects you in case you are liable for damages. I would suggest a minimum of $300,000.00 of liability coverage. It is cheap and well worth it.
As a claim adjuster, I have handled cases where renters didn't have liability coverage and are stuck making $300 payments each month to an insurance company. It's like making a car payment with getting the car to drive. Please protect yourself and buy the coverage. |
|
Manish Jaiswal
 |
Hi !
Renters Insurance is not expensive but it is a good policy.
It should be taken for sure if you are having Fish Aquarium / Pets in your apartment or staying in a high rise.
Renters Insurance or also known as Home Insurance is a good policy for every household to secure the belongings from Fire, Flood, Water, Rains and natural calamities. However, you are advised to look into the policy wordings carefully including exclusions. The heart of Renters Insurance is the Liability coverage which must be read carefully.
Many apartment house owners insist for Renters insurance to safe guard moving-in or moving-out damages to the apartment or the lift.
The thumb rule for Renter Insurance Policy is that for a house worth USD 0.50 Million (inclusive of belongings / electronics etc.), the policy premium should not more than USD 200/- per annum for a basic cover.
So. you may want to go for it.
Cheers !!!
Manish K. Jaiswal
http://www.NewsandReviews.in
http://www.BuyNowIndia.com |
|
D D
|
Yes you should get renters insurance, and no it is not expensive. |
|
Brian A
 |
It should run $150-$200 a year depending on how much stuff you have. You may not have a lot of nice things, but if you sit down and add it all up you will likely be surprised how expensive it would be to replace everything. Definitely get it! |
|
Angel Insure
|
I would say, talk to your landlord first, and see what is covered under his/her homeowner insurance policy.
Normally the renter's insurance policy should cover the followings (which are normally not covered by homeowner insurance):
- Natural Disasters that pays for temporary housing.
- Burglary. Personal belongings being stolen when there is break in.
- Fire caused by neglect. (Don't smoke inside your room!)
- Work / Business Equipment: items such as computer system, etc.
- Liability for third parties. Imagine a visitor slips on the wet kitchen floor surface. |
|
hooterville
|
It is cheap. It's for liability and some time it will cover you if someone steals stuff form you, even out of the car. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 18 minutes(s) ago
| | | |
10 | 24 minutes(s) ago
| | | |
9 | 33 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 3 day(s) ago
| | | |
10 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
