Compare Renters Insurance & Save

Renter’s insurance policy offers vital benefits, which are very much similar to that provided by homeowner’s insurance cover. You can get reimbursement of expenses for costs of your valuable personal belongings.

The coverage may even provide liability protection for bodily injuries to you, your family members or pets that stay in the rented house. And if the rented house gets seriously damaged because of fire or water and requires urgent repair work, the policy may pay costs for hotel stay for a limited period of time. However, the policy doesn’t cover structural damages due to which it is cheaper.

Extensive shopping is required to find the best as well as the cheapest renter’s insurance coverage. Nevertheless, when exploring your options, it is important that you compare free quotes that offer similar levels of coverage. In addition, you may also check few other things as mentioned below.

1

Extra Living Expenses

If rented house gets damaged and is uninhabitable then you may be needed to shift to a new place temporarily. You need to make sure that the living costs are covered.

2

Choose High Deductible

By selecting high deductible, premium costs can be lowered drastically. Average deductible for HO-4 or renter’s insurance is around $500 to $1,000

3

Type of Coverage Chosen

All replacement value policies will be more expensive than actual cash value covers. Hence, it is important that you compare policies with same levels of coverage.