Apartment renters insurance is one of the fastest growing businesses in the market. This is partly due to the number of fires and disasters that have swept North America over the past few years. Assurant is one of the leaders in apartment rental insurance. They have partnered with leading companies in their field in an effort to provide the public with reliable and affordable insurance. When you purchase Assurant insurance, you are also given an option to purchase involuntary unemployment insurance that covers your rent for up to six months at a price of $1,000 per month in the event you lose your job.
This is the only company out of the crowd that offers such insurance. Depending on the safety and security devices implemented in the rental property, you get a discount on the policy rates. Many other companies such as Geico, Allstate, Progressive, and AGI offer you an insurance program. This program is designed to give you a bigger discount if you have multiple policies with one specific company. For example, if you have auto, life, and condo insurance with Allstate, you’ll get a discount of up to 35%.
Coverage will vary from company to company. Some offer you the option to choose what works for you while others provide you with the basic necessities. Tenants should realize that the contents of their rental property are their responsibility. In some cases, the landlord may require tenants to provide property insurance in the event of damage caused by negligence. Most of these policies provide liability insurance to cover any injury to visitors that may occur in the building. Some companies allow you to choose the liability coverage you want up to $1,000,000.
Prices vary from company to company as well. Some offer larger discounts with multiple policies while others offer greater coverage in lieu of discounts. Apartment renters insurance is not limited to apartments only. They can cover duplexes and triplexes as well. This converted home can be two or three apartments. Geico, AGI and Progressive offer renters insurance to anyone who rents a house, condo or condo. This means that the policy you buy will cover your belongings whether you live in a multi-storey dwelling or a single family. The cost of this type of policy depends entirely on the amount of insurance required.
Most insurance companies will give you an instant quote when you call or go online. This gives you the ability to compare the prices of one policy to another. Going online and using the insurance comparison engine may be the easiest way to compare prices. Although the cost of apartment renters insurance will vary from company to company, it is always best to compare an instant quote with another policy. Before getting started right and deciding on one company, compare the store to find the best policy for the lowest cost. You will not regret choosing apartment renters insurance to protect your personal belongings.