As a renter, you might think it’s not worth it to get insurance coverage. However, nothing is further from the truth. You might be surprised at how much your belongings are worth. Think about it. If there was a fire in your rental and all your things were destroyed, how much would it cost to replace your furniture, electronics, clothes and other items? Could you just pay for it out of pocket? Probably not. Here’s what you need to know about getting coverage from the best renters insurance companies. Best Renters Insurance Overview Best Renters Insurance Companies When you’re looking for renters insurance, these are good options, depending on what you’re looking...
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Tenants are often under the misconception that their belongings are covered by landlord’s insurance. This is however, not the case, and tenants need to have their own household content policy. Fires in several high-rise residential buildings recently have highlighted the fact that even when you are renting a home, you still need to insure your own belongings – like furniture, clothes, jewellery and computers – against loss in the event of crime or disaster “In managing thousands of rental properties,” says Andrew Schaefer, MD of national property management company Trafalgar*, “we find that tenants often have insurance for their cars, but no cover for the goods inside their homes or even...
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Between car insurance, health insurance, and any other coverage you likely have, you might think you have all the insurance you need. However, if you rent your home, renters insurance provides another form of coverage that can protect you from losses in the event of property damage, theft, or even injuries. Though adding another insurance policy might seem confusing or even unnecessary, a solid renters insurance policy can give you some much-needed peace of mind. We hope you’ll never need the benefits of renters insurance policy, but it’s wise to consider getting coverage just in case. After all, you never know what might happen next in life and insurance helps you to be prepared. What...
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Insurtech MGA, Arma Karma, is the latest business to join the Percayso Inform data platform. Due to launch later this summer, Arma Karma will offer renters a more flexible way of only protecting the things that matter the most to them on a Netflix-like subscription basis. Ben Smyth, CEO and founder of Arma Karma, says: “Mainstream insurance offerings simply don’t reflect the very different needs and lifestyles of young renters. We’re confident that our approach is going to resonate with our target 18-34 year olds, but for it to work, it’s important that we align ourselves with partners who share a similar philosophy and ambition. “Access to accurate and powerful data is going to be...
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The ‘ Renters Insurance market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Renters Insurance market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Renters Insurance market size forecast, market data & Graphs and Statistics, Tables, Bar & Pie Charts, and many more for business intelligence. Global Renters Insurance Market valued approximately USD...
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Protect your most treasured belongings by choosing home content insurance, with a valuable difference. South Africa's Housing Market Renting accomodation in South Africa is very popular due a number of factors. First of all there is a huge influx of people to the cities to seek work and other opportunities. Gauteng is the most populous province due to its economic advances. Many people are compelled by their circumstances to travel to Joburg and Pretoria for these opportunities. Other cities and towns in South Africa also experience high influx of people from rural areas who are in need of a job, business and study opportunities. These factors create a lot of problems on the housing front....
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“ I am in my early twenties and I live with a roommate in a small apartment. Everything I own is cheap or used and I don’t see the point in buying renter’s insurance. Between bills, rent, car insurance and going out, I don’t have much money so I am really concerned about making yet another monthly payment. Do I really need renter’s insurance?” What protection does Renter’s Insurance Offer? Renters insurance provides protection against both property loss and liability in the event that you cause injury or property damage. Just because your landlord has coverage doesn’t mean that you do, too. In most cases, your landlord’s insurance policy covers only structural damage to the building...
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Do You Really Need Renters Insurance? As a renter, or a homeowner, you put a lot of work into creating a space where you feel comfortable. Whether you rent a home or apartment, where you live should make you feel at ease. If you haven’t purchased renters insurance, however, your home and property may not be protected. Why should you consider renters insurance? You might not think you need anything other than car insurance until you buy your first home, but that’s not always the case. In the event of a catastrophe, your landlord will rebuild the building itself. They will not, however, pay to replace everything you own inside the building. That’s where renters insurance comes in...
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Renters insurance is more or less standard from one carrier to another. You can go to carriers such as Allstate, Nationwide, and Liberty Mutual to get a policy. You can also look at ratings and reviews on such sites as ValuePenguin and J.D. Powers. To help you find the right policy whether you’re a first-time renter, a longtime tenant, or a downsizing homeowner entering the rental market, consider these suggestions: Understand what the policy covers. When you have a renters policy, an insurer typically pays for damage to your personal property, the cost of staying elsewhere if your place is inhabitable (say, from smoke damage), and accidents for which you might be legally liable—for...
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An Overview of Renter’s Insurance Renters sometimes overlook the need for insurance based on the belief that they may not have a significant amount of personal possessions, or because the property is already insured by the owner. While it is true that a rental property is insured by the owner, the destruction or loss of your personal belongings is not. But, that’s not the only risk renters need to worry about. The typical renter’s insurance policy will cover your possessions against losses arising from fire, smoke, lightening, theft, vandalism, explosion, wind storm, and water damage (excluding floods). Even if you don’t believe that the value of your personal possessions...
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