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Taking out renter's insurance can be a valuable investment to you as a tenant. The U.S. Census Bureau reveals that the number of renters in the U.S. has reached an all-time high of 43 million. But, a new poll from the Insurance Information Institute found only 41 percent of these renters carry insurance policies.
Carrying renters insurance can come in handy, especially during unforeseen situations. You will never know when accidents can happen in the property you are renting. This insurance type has its own share of misconceptions. Those can keep you from having renters insurance. Now, this article will debunk the common myths on renter's insurance.
The number of renters in U.S. households has grown over the years. But despite this growth, only 37% of tenants have renter's insurance. If you own a home, it is a standard practice to buy homeowner's insurance. If you are renting and something happens to your unit, you have no choice but to pay the damages out of your pocket.
Some landlords do not require their renters to have insurance. But it can be financially devastating if something happens to your property. Check out these 4 reasons why investing in renter's insurance makes sense.
Apartment-hunting is not easy, especially when it’s your first time. It requires a lot of your time, and sometimes you’ll get lost on what you want for a place. Good thing, there are lists already that can provide you with the most important things you need to consider. The only thing you need is to sit back and read more to know of these considerations.
Whether it’s due to financial difficulties or simply a choice, people nowadays are turning into renting. Most people say that renting can save you from many commitments like maintenance fees and real estate taxes. But renting an apartment can also be challenging, especially when dealing with possible issues with your neighbors. In this article, we list the most typical neighborhood issues and how to go about them.
It is the landlord's responsibility to take care of his/her property. Although it is hard to maintain a rental property, it is essential. It requires a lot of time and money. However, it will be a lot easier if the landlords will follow simple tips in rental maintenance.
The pandemic has hit many households hard. Renters, most especially, are looking for more ways to save money and cope with financial distress. Here are some practical ways renters can save money, especially on insurance payments, loans, subscriptions, and daily expenses.
If you are a tenant, having renters insurance is one of the most important policies you should have, even if it is not being asked for by your landlord. Renters insurance will safeguard you from perils and other catastrophic damages to your belongings and other potential legal responsibilities.
In short, having this type of insurance policy will save you a large amount of money in the event of unforeseen disasters.
Getting insurance is imperative, especially in this time of crisis. Try to find out as much information about renters insurance as possible. It will allow you to get informed of all insurance matters so that you can handle any situation that may arise regarding your tenants in the future.
Here are five essential things that you need to know about renters insurance in 2021.
The COVID-19 pandemic is profoundly affecting both insurance agencies and their insureds, with a large number of cases having just been made and denied. It has brought about a deficiency of rental payments to these proprietors as property managers. While these landowners may have business interference protection as a feature of the business property, the pandemic demonstrates that whether business interruption insurance gives coverage is dubious.
Are you preparing to rent a new place? Then check out renters insurance today! As part of lease terms, there are landlords and management companies requiring tenants to have renters insurance. It is an excellent choice to see available options for renters insurance. Take time to do your research to gain more idea of what to expect. To guide you in your journey of finding a good renter's insurance, we made a step by step guide on everything that you need to know about renters insurance.