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Renters Insurance

My Crash Course In Understanding Renter’s Insurance For years, I declined renter’s insurance, because I thought it was unnecessary. My landlord had insurance on the property, and the stuff I owned wasn’t high end or expensive. My job paid me a decent wage, but I didn’t have money for many extras, and I thought renter’s insurance would just be too expensive. Here’s my story about why I was SO wrong: For years, I had been saving for a down payment on a house. I finally had enough and started looking for my dream house. My insurance was due for a renewal, so I sat down with my agent to discuss home owner’s insurance. We discussed all of the options. Then, she asked me what my plan was until I was a home owner. I wasn’t sure what she meant, and she proceeded to explain the benefits of renter’s insurance and what it would cost me. It turned out that it was only about $100 more per six months when added to my car insurance. She explained that it would cover storm or fire damage, theft, vandalism, or liability if someone got hurt while in my apartment, if it was deemed my fault. I could choose to insure my property for replacement or depreciated value. And since I was self- employed, the premium was tax- deductible. I decided to add renter’s insurance to my policy. This was in late September. I found a house in October. I was going to be able to move in in early December. On November 17, a tornado hit my town. The tornado wrecked the front half of my rental, but the back half (where my bedroom was) was virtually untouched by the damage. I was so upset. I had just spent almost all of my savings to put the down payment on my house. There definitely wasn’t enough left to buy new furniture. Then I remembered my renter’s insurance policy. Would it cover the damages?
As it turned out, it did. Everything damaged was covered by my policy. My landlord’s policy didn’t cover my belongings at all. Not only that, but it covered the cost of me having to live in a hotel, since my rental was uninhabitable. Two days after the tornado, looters came and destroyed what was left of my house in their search for valuables. I felt violated. The only worldly possessions I had left had been destroyed by selfish people. The only silver lining to this was that my policy covered the damage by the looters. If I had not taken out the renter’s insurance policy, I would have had to pay to replace everything, including finding a place to live until I could move into my new house. Because of the policy, I was able to buy all the things I needed without the stress of trying to figure out where the money was coming from. That renter’s insurance policy was the best decision I ever made. For more information on renters insurance or to get a quote, come visit us at 2456 Brannon Avenue, or call us at 514-877-2672.
Renters Couple
Renters Insurance

Renters Insurance

My Crash Course In Understanding Renter’s Insurance For years, I declined renter’s insurance, because I thought it was unnecessary. My landlord had insurance on the property, and the stuff I owned wasn’t high end or expensive. My job paid me a decent wage, but I didn’t have money for many extras, and I thought renter’s insurance would just be too expensive. Here’s my story about why I was SO wrong: For years, I had been saving for a down payment on a house. I finally had enough and started looking for my dream house. My insurance was due for a renewal, so I sat down with my agent to discuss home owner’s insurance. We discussed all of the options. Then, she asked me what my plan was until I was a home owner. I wasn’t sure what she meant, and she proceeded to explain the benefits of renter’s insurance and what it would cost me. It turned out that it was only about $100 more per six months when added to my car insurance. She explained that it would cover storm or fire damage, theft, vandalism, or liability if someone got hurt while in my apartment, if it was deemed my fault. I could choose to insure my property for replacement or depreciated value. And since I was self-employed, the premium was tax-deductible. I decided to add renter’s insurance to my policy. This was in late September. I found a house in October. I was going to be able to move in in early December. On November 17, a tornado hit my town. The tornado wrecked the front half of my rental, but the back half (where my bedroom was) was virtually untouched by the damage. I was so upset. I had just spent almost all of my savings to put the down payment on my house. There definitely wasn’t enough left to buy new furniture. Then I remembered my renter’s insurance policy. Would it cover the damages?
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As it turned out, it did. Everything damaged was covered by my policy. My landlord’s policy didn’t cover my belongings at all. Not only that, but it covered the cost of me having to live in a hotel, since my rental was uninhabitable. Two days after the tornado, looters came and destroyed what was left of my house in their search for valuables. I felt violated. The only worldly possessions I had left had been destroyed by selfish people. The only silver lining to this was that my policy covered the damage by the looters. If I had not taken out the renter’s insurance policy, I would have had to pay to replace everything, including finding a place to live until I could move into my new house. Because of the policy, I was able to buy all the things I needed without the stress of trying to figure out where the money was coming from. That renter’s insurance policy was the best decision I ever made. For more information on renters insurance or to get a quote, come visit us at 2456 Brannon Avenue, or call us at 514-877- 2672.