Looking for Florida renters insurance? Want to know how to get the best rate with a top company? Read on ...
Renters Insurance
Many renters just assume that their landlord's insurance will protect them. Not so. Landlord's insurance only protects the building you live in, not your possessions.
Other renters think they don't have enough possessions to warrant purchasing renter's insurance. Take an inventory of all your possessions - clothing, furniture, appliances, electronics, tools, sporting equipment, jewelry, etc. Now total the value of those items. You may be surprised at how much your possessions are worth.
How Much Renters Insurance Do You Need
Personal property coverage - The total value of everything you own is the amount of personal property coverage you should have. A basic policy will cover $20,000 worth of property and will cost somewhere in the neighborhood of $200 to $275 a year. If you have more than $20,000 worth of possessions you can increase your coverage.
Liability coverage - This coverage pays for medical expenses, damages, and legal fees when someone hurts himself and sues you. Most people opt for $100,000 worth of coverage, but depending on your circumstances, you may need more or less liability coverage to protect your assets.
Loss of use coverage - This pays for your living expenses - hotel bills and restaurant bills - when you need to move out of your home temporarily because of fire damage or other causes. Most policies also pay your living expenses up to two weeks if you're force to evacuate your home by civil authorities.
What's Not Covered by Florida Renters Insurance
A standard renters insurance policy does not cover damage done by earthquakes, flooding, and now with some policies - hurricanes. If you live in a flood or hurricane zone, you'll need to get additional insurance to cover these events.
Where to Get the Best Florida Renters Insurance Rate
The best way to get the best Florida renters insurance rate is to compare rates from different companies. The easiest way to do that is to go to an insurance comparison website where you can get quotes from a number of companies. All you do is fill out a simple questionnaire, then wait for your quotes.
The best sites feature a toll-free telephone service and an online chat service so you can get answers to your renters insurance questions from insurance experts. (See link below.)
Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to
get Florida renters insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on Florida renters insurance.
