Renters Insurance Quote Forms
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Renters Insurance Information
Coverage Across Southeastern Pennsylvania
If you are in the market to rent a home in southeastern Pennsylvania, then you have a lot of options and it probably won’t take long to find the right place. However, you must keep your budget in mind. On top of your rent, you also will need to pay various household upkeep costs, and one of these might be the cost of renters insurance.
A hazardous event could happen in your rental home at any time, and these events could be financially devastating. Rather than putting yourself at risk of insecurity, why not get an easily affordable renters insurance policy? Policies can provide ample protection for renters of all shapes and sizes.
At Universal Insurance Group, our team specializes in insuring residents of Philadelphia, Allentown, Reading, Lancaster, Harrisburg and beyond. You can get the best renters policy for you just by calling us at (800) 605-9858 or requesting your free policy quote now.
Common Renters Insurance Questions
By buying renters insurance, you take responsibility for your family, your possessions and your liabilities within a rental home. If a hazardous event ever occurs, then you’ll often have financial assistance available for the costs of picking up the pieces. You won’t bankrupt yourself just trying to recover from an accident that you never expected.
When you buy renters insurance, you won’t have to insure the dwelling itself since you don’t own it. However, your policy can contain several types of essential protection for your own residential risks.
- Possessions Insurance: If an unexpected event like a fire, theft, vandalism, burst pipe or severe weather damages your belongings, then this coverage can pay to repair or replace them.
- General Liability Insurance: Accidents might occur in your home that harm someone like a friend or neighbor. If your negligence or mistakes played a part in this accident, then you can use general liability insurance to repay them. This coverage can also help you pay when you damage the dwelling and the landlord holds you responsible for the repairs.
- Loss of Use Insurance: Following a hazardous event in the home, you might have to vacate the property for a time. This coverage can pay for some of your living expenses in the interval.
- Accidental Medical Payments Insurance: When someone gets hurt in your home you can use this coverage to repay them regardless of whether the accident was your fault.
Everyone needs their renters insurance to address their unique property and liabilities in a rental home. To make the right decisions about your coverage, keep a few tips in mind:
- If your landlord requires you to buy liability insurance, then you must carry at least that required minimum. However, increasing your liability limits will provide you with more protection in case of potentially harmful claims.
- Your possessions insurance limit should reflect the value of all the important possessions in your home. The more possessions you have, the higher your possessions limit likely needs to be.
- Some possessions insurance policies will only compensate you for the actual cash value of items (which is an item’s used value) at the time of the loss. They might also restrict or exclude coverage on certain high-value or collectible items. To get expanded coverage on these items, you might need scheduled items riders on the policy.
- Your policy will include deductibles on certain claims. You must pay your deductible before your policy covers the remainder of your claim.
If you are about to rent a home, then your landlord will likely tell you if they require you to buy renters insurance. They will also often include that requirement in your lease. Your policy’s start and end dates will need to reflect the full term of your lease. Going uninsured could put you at risk for eviction.
Keep in mind, you can often complete the preliminary policy enrollment before your lease begins. If you start the process early enough, then you might even qualify for early enrollment discounts.
Renters insurance usually is very affordable. In Pennsylvania, the average cost is about $15 per month.
Still, the cost risks you pose to insurers will influence your specific premium. If you have a history of claims on your policy, declare a lot of personal property or live in areas with high property damage risks, then you might have to pay more. However, you can also qualify for discounts and other incentives to help you keep your coverage more affordable.