Calculating the replacement cost of the items you own, (personal property coverage in renters insurance terms), may not sound fun, but it is important. One common mistake that renters do when sitting down to “do the math” is underestimating the…
Category: Renters Insurance (page 9)
Self storage for smart renters
Renting a place to live often means you don’t have enough space for everything you own. Putting surplus belongings into self-storage is always an option. You may be able to use your renters insurance to cover your possessions there. You…
8 things renters insurance does and does not cover
When you purchased your renters insurance, chances are slim that you were told about the following surprising things that your insurance may or may not cover. Since coverage amounts vary depending on your policy, only general examples are provided. Be…
Clean up for spring and summer
Regardless of the area you live in, spring is here, or at least approaching. This winter the weather was much like a roller coaster ride across the U.S., with various regions experiencing a polar vortex, excessive rain, ice, sleet and…
Best practices for buying renters insurance
The U.S. renter population includes people from all income levels, but the most recent data from the U.S. Census Bureau shows that the annual increase in the number of high-income renter-occupied households (defined as those earning $150,000 or more) has…
Cheap rents, hidden expenses
The renter population in the U.S. has expanded greatly, with the national average rent reaching $1,420 in January, according to Yardi Matrix data. This average amount varies throughout the country and in highly sought-after areas, such as New York or…
Flood insurance for renters
While there are a few months until the hurricane season starts, now it is the ideal time to check your property as well as your insurance policy, to make sure you have the right coverage, homeowners and renters alike. The…
Solar power and insurance
Sustainability has become a trend, Both commercial and residential real estate owners are turning to solar energy to power their buildings and homes. Solar panels are a viable option for a more relaxed lifestyle. This is not only for the…
Military renters and insurance
Military employees and renter’s insurance used to have a happy, carefree relationship back in the day the Department of Defense had it included in the Basic Allowance for Housing (BAH). Leases signed after Jan. 1, 2015 no longer have that…
Polar vortex & insurance
The weather has seen dramatic changes in recent years, hitting us with hurricanes, wildfires, severe drought and polar vortices. The ripple effect is felt throughout industries. One such industry is insurance, facing more risks than ever before, such as booming…