Whether you just moved your family into a 2 bedroom apartment in New York City, or you signed a lease on an elegant condo to live in while engaging in a six month business commitment, you need solid info on renters insurance to make sure that your property, possessions, and valuables are fully covered. Renters insurance provides peace of mind in two ways. First, in the event that something catastrophic befalls your stuff – e.g. a fire, water damage stemming from a leaky pipe, or a break-in – your coverage will kick-in and pay you back for all (or at least significant amount) of your monetary losses. Second, the insurance provides liability protection. This is important because, if a guest or visitor slips and falls or otherwise injures herself on a hazard, you could be personally held liable for her medical bills, lost wages and pain and suffering. Renters insurance provides coverage to pay out in that circumstance – typical coverage ranges from $100,000 to $300,000.
The Importance of Shopping for Renters Insurance Quotes
A good-fit policy protects you against financial catastrophe without tacking on excess or over-expensive coverage. Comparison-shop renters insurance quotes to home in on your optimal policy. Here is why to do it.
Say you just get one renters insurance quote from a single company (for instance, the company that currently insurers your automobile). You might wind up vastly overpaying. Or you may discover that something you really wanted to have insured (like a diamond engagement ring) cannot be covered effectively by the policy.
When you collect and parse multiple renters insurance quotes, on the other hand, you get a clearer lay of landscape, and you can optimize your policy for your budget and risk tolerance. Think of it like a menu at a restaurant. If the menu offered only one item, what are the chances that that single item would be your favorite food? If, on the other hand, the menu offered 5 or 10 different dishes, chances are much greater that you could find something delicious to sate you.
What to Do with Renters Insurance Quotes Once You Have Them
It's all well and good to solicit information and pit companies head-to-head. But you need to have a clear vision of what your final policy should look like, as well as a plan to document your possessions in the unlikely and unfortunate event that you need to make a claim.
To save money, try these tactics. Explore getting a multiline discount (buying your auto and renters insurance from the same company), raising your deductible, and excluding coverage that you don't need.
Locate Multiple Renters Insurance Quotes
The dynamic, free, and easy-to-use service here at NetQuote can help you on your search for the perfect renters insurance quote. Fill out our fast and free online form and get back five or more renters insurance quotes from some of the best carriers in the US.
See how easy it is to shop for and save on renters insurance – get your free quote now.