Renters Insurance to fit your budget & needs
Low Cost Renters Insurance in Norcross & Marietta
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Protect Yourself with a Renters Insurance Policy
If you are currently renting a house or apartment, protect yourself financially with a renters insurance policy.
Insurance Considerations of Turning Your Extra Bedroom Into a Rental
If you live alone or have extra space in your home, you may have considered renting out a room in your house as an option to earn some extra income. Whether you live close to a vacation destination or are debating looking for a long-term tenant, renting a room in your home as opposed to an entire unit can often be a more affordable option for renters. If you own a home, you already know you need homeowners insurance to protect your investment. But what insurance policy do you need to adequately protect your rental property? Having the right insurance package can save you a headache in the long run. Here are a few things to know about insuring your rental property the right way: Consider obtaining additional coverage. A standard homeowners insurance policy typically doesn’t cover damage that occurs when the space is being used as a rental. Ensure your space qualifies as a rental. If you’re unsure about whether your situation is fully considered “renting,” contact your insurance provider. Different insurance companies have different rules for what qualifies as a rental, such as whether the person living there is a family member, whether the space has a separate entrance and how the space is attached to the main structure. Making sure you’re aligned to your insurance provider’s definition is key to choosing the right coverages. Stay protected with Dwelling Fire insurance. If you are renting out your property for any length of time, you will need landlord insurance. Most landlord polices come standard with liability insurance, property damage and loss of income coverage, which reimburses you for rent lost as a result of the unit becoming uninhabitable. You can also take out additional coverages, such as flood insurance, to further protect your property. Encourage tenants to get renters insurance. Although not required by state law, renters insurance is the only way your tenants can protect their belongings, because your landlord’s insurance won’t cover their personal property. It can also protect tenants from having to pay out of pocket for other common incidents like water backup damage and certain natural disasters – which helps you protect your investment. Now that you have the full scoop on homeowners insurance for rental properties, it may be time to get a review of your homeowners insurance policy. We invite you to contact our office for a no-obligation review of all your insurance needs. |
Everything you need to know about Renters Insurance
Whether you dig maintenance-free living or you’re just not ready for a fixed-rate commitment, you rent. And you’ve got things, right? Over-priced purses, a near-complete baseball card collection of the ’85 world-champion Royals, or maybe even a beautiful assortment of bling. Our agency will search far and wide to find you the right renters’ insurance to keep whatever goodies you’ve got properly protected. What Is Renters Insurance? Basically, it’s a contract between you and an insurance company, where the insurer will help to pay the tab if you, a visitor or your personal goodies get damaged due to any number of causes. Is Renters Insurance Mandatory? Nope. Unlike homeowners’ insurance, which is required by most mortgage lenders, purchasing renters’ insurance is up to you. In some cases, however, a landlord may require it. So I guess we should change that “nope” to a “maybe”? Is Renters Insurance Worth It? Take a good look around your place, and write down everything you own, down to the last popcorn kernel. Now, how much would it cost to buy all that stuff brand-new? Add it all up and the actual retail price is… most likely worth it. Should I Get Renters Insurance? Yes, it protects your things, but it can also help to cover the costs of lawsuits, living expenses if you need to move out temporarily, and medical bills if you or a visitor is injured. So for the monthly price of two burritos and a fountain drink, you could get yourself some solid peace-of-mind. 
Jewelry And Other Expensive Valentine’s Day Gift Items Require Special Insurance Coverage
So, your honey popped the big question on Valentine’s Day. You couldn’t be more thrilled, and the ring is to die for! But, what if it’s lost or stolen? While there is no way to insure the sentimental value of such a gift, having the right insurance coverage will provide financial protection. Please contact our agency for a non-obligation review of all your insurance needs. The word ‘insurance’ is not likely to be the first word on many lovers lips this Valentine’s Day. However, if an expensive gift of jewelry is lost or stolen it can certainly soothe the sting of losing a cherished gift. Your first step after receiving a valuable engagement ring—well, maybe your second after saying yes!—should be to call our insurance agency. Jewelry losses are among the most frequent of all home insurance content-related insurance claims. Fortunately, there are four relatively simple steps everyone can take to ensure adequate protection for their new jewelry: 1) Contact your insurance professional immediately. Find out how much coverage you already have and whether you will need additional insurance. Most standard homeowners and renters insurance policies include coverage for personal items such as jewelry; however, many policies limit the dollar amount for the theft of high-value personal possessions—such as jewelry—to $1,000 to $2,000. So, you would be covered if the item were destroyed by disasters listed in the policy such as a fire or hurricane, but if your expensive new present is lost or stolen you would need separate insurance to be covered. To properly insure jewelry, consider purchasing additional coverage through a floater or an endorsement. In most cases, these add-ons to a homeowners or renters policy would also cover you for “mysterious disappearance.” This means that if your ring falls off your finger and is flushed down a drain, or is lost, you would be financially protected. Floaters and endorsements carry no deductibles, so there is no out-of-pocket expense to replace the item. 2) Obtain a copy of the store receipt. Forward a copy of the receipt so that your insurance company knows the current retail value of the item. Keep a copy for your records and include it with your home inventory. If the item was purchased on sale, also get a copy of the appraised value of the item. 3) If you received an heirloom piece, have the item appraised. Heirlooms and antique jewelry will need to be appraised for their dollar value. You can ask your insurer to recommend a reputable appraiser. 4) Add the item to your home inventory. An up-to-date inventory of your personal possessions can help you purchase the correct amount of insurance and speed up the claims process if you have a loss, so remember to add your new jewelry to your inventory. And if you don’t yet have an inventory, celebrate your engagement by creating one with your fiancée. Finally, if you don’t think you need renters insurance, think again. A recent poll found that 96 percent of homeowners had homeowners insurance but only 35 percent of renters had renters insurance. If you rent your home, renters insurance can provide important financial protection in the event your belongings are stolen or destroyed. |
