Renter’s Insurance- How to Get a Good Deal from Your Landlord

​In the 21st century, many people prefer to rent due to convenience from university or workplace, aim to be more independent, save more money, etc. Many tenants and landlords secure renter’s insurance to help them along the way.

​What is Renter’s Insurance?
Renter’s insurance covers belongings and liabilities of a person who is insured in cases of loss. Its types include financial protection such as coverage for personal possessions, liability protection and additional living expenses protection. 

It can cover damages due to weather changes such as storm, lightning, etc., and non-weather causes such as theft and vandalism. 

Why Landlords Require Renter’s Insurance
To get a good deal from your landlord about renter's insurance, you must be knowledgeable of why this type of insurance is being required. Knowing these possible reasons can guide the tenants with what to and not to do.

• Lessen Law Suit Threats
  With renter’s insurance, landlords will be less responsible for the tenant’s actions. This is why tenants must always think before acting because they are responsible for consequences of their acts.
  
  
• Screen Tenants
  Getting this type of insurance can be used as a criterion for screening tenants. This can be used as an initial evaluation of the tenant's ability to follow the rules and pay bills on time.
  
  As a tenant, one must carefully read what was agreed between two parties. If renter's insurance is part of the agreement, then both sides must comply accordingly.
  
  
• Provides Peace of Mind
  With renter’s insurance, both the landlord and the tenant could have peace of mind in case there are untoward incidents that took place and can be covered by the insurance.

Tips to Negotiate with Your Landlord
In negotiating with the landlord, it is essential to know first what one's rights as a tenant are. This will serve as the basis of the conversation with the landlord.

One must prepare a plan of the things to ask. Try to anticipate possible answers of the other party and think about what to answer in return to get one’s goal. Lastly, be open to the responses of the landlord, but ask for possible options.

Conclusion
Maintaining a house that is being rented is challenging. Damages can both affect tenants and landlords. As a tenant, make sure to protect yourself and the house you are renting by getting renters insurance. At AllRisk Auto Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (360) 693-4044 or Click Here to request a free quote.