Why Renters Should Get Insurance
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Elizabeth Murphy
May 1, 2013, 12:10:23 AM5/1/13
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Please consider this free-reprint article written by:
Elizabeth Murphy
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Article Title: Why Renters Should Get Insurance
Author: Elizabeth Murphy
Word Count: 615
Article URL: http://www.isnare.com/?aid=239700&ca=Automotive
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=239700
Easy Publish Tool: http://www.isnare.com/html.php?aid=239700
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Many renters are under the false impression that the insurance their renter has on the home is enough to cover any losses within it. These can losses can be a result of anything ranging from theft to fire or another catastrophe such as earthquake or tornado. However, the insurance that the landlord holds on the property is only for the structure itself and not for the contents within it. That is why it is very important for renters to acquire renters insurance to protect their belongings.
There are three kinds of coverage provided by renters insurance. These are:
Coverage of personal property
This coverage replaces personal property in instances in which it has been stolen, vandalized, damaged by fire, smoke, or windstorms, or damaged through leaks in the plumbing and even explosions. Some of the more expensive items such as furs, silver, and jewelry may not be covered by the insurance policy, so it is possible that additional insurance may need to be purchased in order to cover these items if the renter prefers to do so.
In order for the renter to determine how much insurance is enough, they should do an inventory of all belongings such as furniture, clothes, electronics, appliances, tools, kitchen utensils, sports equipment, and other items, and then total up the value of this property in order to determine how much money would need to be paid out if something were to happen to these items. This will determine how much coverage is needed and will also determine the amount of the premium that is paid monthly, quarterly, every six months, or yearly.
Coverage for additional living expenses
This second type of renters insurance coverage pays for the renter to live elsewhere if the home is in a condition in which it cannot be lived in while it is being repaired after some sort of damage has occurred. This insurance covers the cost of the hotel or motel room, restaurant bills from having to eat out all of the time as a result of not being able to inhabit the home, and any other expenses that may occur as a result of the situation.
This coverage is usually equal to 30% to 50% of the amount of the policy. What this means is that if the coverage is $100,000, then the renter is covered up to $50,000 if the policy allows for the maximum of 50%. If not, then a minimum of $30,000 in living expenses are covered. This can actually pay the living expenses of the insured for quite some time.
Personal liability coverage
This is the coverage that can protect the insured from such unfortunate events as lawsuits. This insurance comes in handy if the renter is found to be liable for damaging someone�s property or injuring someone and should cover the amount of all assets if the renter is sued. Most choose to get the $100,000 coverage in order to protect their belongings. Why is this important to the renter? Well, it is important to everyone since accidents do happen. An accident can occur on the property that is the renter�s fault or can happen at any other location. It is good to have all assets and belongings protection in case such an event occurs.
So this is why it is important to have renters insurance. If the renter is robbed or some other unfortunate event occurs, it is great to have that coverage in place rather than be in the situation of having to start all over with their own cash. This can make living much easier when a disaster occurs.
About The Author: Just because you rent your home doesn�t mean you shouldn�t get insurance for your personal possessions. http://www.belairdirect.com/regionselect.html Renter�s insurance is extremely important and can protect you and your valuables in any kind of catastrophe.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=239700
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Elizabeth Murphy
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=239700
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=239700
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Why Renters Should Get Insurance
Author: Elizabeth Murphy
Word Count: 615
Article URL: http://www.isnare.com/?aid=239700&ca=Automotive
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=239700
Easy Publish Tool: http://www.isnare.com/html.php?aid=239700
*********************** ARTICLE START ***********************
Many renters are under the false impression that the insurance their renter has on the home is enough to cover any losses within it. These can losses can be a result of anything ranging from theft to fire or another catastrophe such as earthquake or tornado. However, the insurance that the landlord holds on the property is only for the structure itself and not for the contents within it. That is why it is very important for renters to acquire renters insurance to protect their belongings.
There are three kinds of coverage provided by renters insurance. These are:
Coverage of personal property
This coverage replaces personal property in instances in which it has been stolen, vandalized, damaged by fire, smoke, or windstorms, or damaged through leaks in the plumbing and even explosions. Some of the more expensive items such as furs, silver, and jewelry may not be covered by the insurance policy, so it is possible that additional insurance may need to be purchased in order to cover these items if the renter prefers to do so.
In order for the renter to determine how much insurance is enough, they should do an inventory of all belongings such as furniture, clothes, electronics, appliances, tools, kitchen utensils, sports equipment, and other items, and then total up the value of this property in order to determine how much money would need to be paid out if something were to happen to these items. This will determine how much coverage is needed and will also determine the amount of the premium that is paid monthly, quarterly, every six months, or yearly.
Coverage for additional living expenses
This second type of renters insurance coverage pays for the renter to live elsewhere if the home is in a condition in which it cannot be lived in while it is being repaired after some sort of damage has occurred. This insurance covers the cost of the hotel or motel room, restaurant bills from having to eat out all of the time as a result of not being able to inhabit the home, and any other expenses that may occur as a result of the situation.
This coverage is usually equal to 30% to 50% of the amount of the policy. What this means is that if the coverage is $100,000, then the renter is covered up to $50,000 if the policy allows for the maximum of 50%. If not, then a minimum of $30,000 in living expenses are covered. This can actually pay the living expenses of the insured for quite some time.
Personal liability coverage
This is the coverage that can protect the insured from such unfortunate events as lawsuits. This insurance comes in handy if the renter is found to be liable for damaging someone�s property or injuring someone and should cover the amount of all assets if the renter is sued. Most choose to get the $100,000 coverage in order to protect their belongings. Why is this important to the renter? Well, it is important to everyone since accidents do happen. An accident can occur on the property that is the renter�s fault or can happen at any other location. It is good to have all assets and belongings protection in case such an event occurs.
So this is why it is important to have renters insurance. If the renter is robbed or some other unfortunate event occurs, it is great to have that coverage in place rather than be in the situation of having to start all over with their own cash. This can make living much easier when a disaster occurs.
About The Author: Just because you rent your home doesn�t mean you shouldn�t get insurance for your personal possessions. http://www.belairdirect.com/regionselect.html Renter�s insurance is extremely important and can protect you and your valuables in any kind of catastrophe.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=239700
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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