Apartment tenant insurance is one of the fastest growing companies on the market. This is partly due to the number of fires and disasters that have ravaged North America in recent years. Assurant is one of the leaders in insurance for apartment renters. They partner with companies that are the best in their field to provide the public with reliable and affordable insurance. When you buy Assurant insurance, you get the option to also buy involuntary unemployment insurance that will cover your rent for up to six months at $1000 per month in case you lose your job.
This is the only company among the masses that offers such insurance. Depending on the safety features that have been fitted to the rental property, you will receive a discount on the policy rates. Many other companies such as Geico, Allstate, Progressive and AGI offer you an insurance program. This program is designed to give you a bigger discount if you have multiple policies with one specific company. For example, if you have auto, life, and apartment rental insurance with Allstate, you can get up to 35% off.
Coverage varies by company. Some allow you to choose your own, while others provide you with basic necessities. Tenants should realize that the contents of their rental home are their responsibility. In some cases, a landlord may require tenants to purchase contents insurance in the event of damage due to neglect. Most of these policies provide liability insurance to cover any damage that may occur to visitors on the property. Some companies allow you to choose the liability coverage you want up to $1,000,000.
The rates also vary from company to company. Some give bigger discounts with multiple policies and others give you greater coverage instead of discounts. Apartment renters insurance isn’t just for apartments. They can also cover duplexes and triplexes. This could be a house converted into two or three apartments. Geico, AGI and Progressive offer renters insurance to anyone who rents a house, apartment or condo. This means that the policy you buy will cover your assets whether you live in a multiplex or a single-family home. The costs for this type of policy depend entirely on the amount of insurance requested.
With most insurance policies, you will immediately receive a quote when you call or go online. This gives you the opportunity to compare the rates of one policy to another. Going online and using an insurance comparison system may be the easiest way to compare rates. While the cost of apartment renter insurance will vary from one company to another, it is always a good idea to compare one direct quote to another and one policy to another. Before jumping right in and choosing a company, compare the store to find the best policy for the least cost. You won’t regret choosing apartment renter insurance to protect your personal property.