Are you looking for cheap apartment renters insurance? Many apartment complexes require tenants to carry apartment renters insurance these days and won’t let you move in until proof of this coverage is provided by your insurance agent or insurance agency.
The good news is that this insurance is relatively inexpensive. Most insurance companies who provide this coverage price it between $50 and $150 per year. The variation in cost is based on the liability limit selected and the amount of contents coverage the customer wants.
The liability coverage protects you when claims come in from third parties. These include guests who come to visit you. The contents coverage, also referred to as personal property, covers your furniture and fixtures inside your apartment.
Some apartment complexes do not require tenants to maintain this coverage and others only require this coverage if, for example, you intend to put up a satellite dish. We get a lot of questions as to what a satellite dish has to do with apartment renters insurance. The answer is that if the dish was improperly installed and happens to fall off the building and land on someone or something, the apartment complex owners could get sued. If the tenant carried an apartment renters insurance policy, then the tenant’s insurance company would defend the claim and the property owners would be off the hook.
The amount of liability coverage can vary from as little as $25,000 up to $1,000,000. The contents coverage generally starts at $10,000 and goes up to $50,000.
A general renter’s policy is also available for those who rent homes and mobile homes from landlords. The limits of coverage and rates are similar to apartment renter’s insurance policies.
If you are live in Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Minnesota, Missouri, New Jersey, New Mexico, Nevada, North Carolina, Oklahoma, South Carolina, Texas, Utah, Virginia, Washington or Wisconsin, and are looking to purchase a cheap apartment renters insurance policy, contact Boardwalk Insurance Group to get a free, no obligation quote. We have several carriers to choose from so we can find the right coverage and price for you.
You can go to our website and fill out our online application and just let the quotes come to you.