As home to the University of Georgia, Athens is the consummate college town, full of music, an active night life, and plenty of bars and coffee shops. With over a third of all residents college-aged, it's no surprise that 65% of Athens residents are renters.
If you live in Athens and rent your home, you may think that your landlord's required homeowner insurance covers your property as well. However, his or her insurance only covers the structure of the home or building. That's why renter's insurance is a smart option for those who want to protect their personal property.
Rental Coverage in AthensThis insurance typically covers things you own, from your furniture to electronics to clothing, from the following:
- Damage to property as a result of things like fire, smoke, or burst pipes. If you come home after class one day to find your apartment burnt to the ground with all of your possessions, renters insurance will replace them.
- Theft in the event someone breaks into your home. It is worth noting that Athens, Georgia has a crime rate that is nearly 3 times the national average, and as a resident of Athens you have a 1 in 10 chance of becoming a victim of property crime. So if someone breaks into your home and steals your $1000 laptop, you will pay a deductible and insurance will cover the rest.
- Liability coverage. This protects you if a visitor comes to your home and is injured or suffers any kind of financial loss, sues you for damage, and wins. Most policies will also cover your legal costs.
Athens Insurance Costs
While Athens insurance quotes can give you a more accurate number, you'll find that this type of Athens insurance is very affordable; in Georgia, it averages around $215 for an entire year. In fact, the cost of coverage for an entire year is probably less than the cost to replace a video game collection or a few pairs of shoes.
Comparing Athens Insurance Quotes
As you can see, protecting your possessions is important and can save you money and headache associated with damage or theft. Even though insurance costs for renters are reasonable, it's still important to shop around for the best rates. You can find Athens insurance quotes and compare them on NetQuote.com for free, then rest easy knowing your belongings are covered.