The house or apartment you’re moving into may be owned by someone else, but that doesn’t mean you don’t have any options for protecting yourself or your things! One of the best tools any renter has at their disposal is renter’s insurance. Of course, if you’re a student or young person just moving to a new city, you may not have any idea what renter’s insurance is. Don’t worry! We’ll give you the skinny!<\/p>\n
Renter’s Insurance will compensate the policy holder (you)\u00a0for a set\u00a0amount of money if\u00a0the renter’s personal possessions meet some untimely end. This kind of policy is incredibly useful in the event of a fire, flood, burglary or any other kind of property damage.<\/p>\n
Of course, depending on where you get your insurance from, some policies may cover additional related costs as well. Some will comp your stay in a hotel when your current home has been damaged beyond repair. In some cases, renter’s insurance also covers liability expenses, meaning that you’re covered if someone is\u00a0injured in your home and decides to hold you legally responsible for their medical expenses.<\/p>\n
In short:<\/strong>\u00a0This kind of\u00a0insurance helps renters cover their behinds in case something horrible happens to them or their things.<\/p>\n Landlords have no obligation to protect or insurance your personal items. While they can’t be completely negligent about building upkeep,\u00a0the law does not offer any protection for a renter’s personal items in the event of a break-in, fire, or flood. The only thing the landlord is responsible for insuring is the structural integrity of the house or building they own.<\/p>\n No one in Ithaca was\u00a0expecting a truck to come barreling into this downtown apartment, but it did. Residents could not access their items or enter the building for weeks!\n Renter’s insurance is a fantastic idea, particularly for rentals that are\u00a0at a high risk for certain kinds of catastrophe.<\/p>\n Some examples for you: <\/strong><\/p>\n Old run-down apartment buildings may be your best option from a financial perspective, but many of these buildings aren’t necessarily up-to-standard. This also puts you at higher risk for certain disasters to occur.<\/p>\n But\u00a0perhaps your building is pristine, new, and in a lovely neighborhood with a low crime rate and beautiful weather. You might consider your building low-risk, but you should still consider grabbing a renter’s insurance policy just in case<\/em>. The world is a very unpredictable place and disaster can strike when you least expect it. Renter’s insurance usually requires a cheap ($15-$30) monthly fee that is truly not much in exchange for a sense of security!<\/p>\n Most insurance companies offer some form of renter’s insurance, though they all come at different prices and coverage levels. If you’re a student, many insurance companies offer plans specifically targeted towards your specific\u00a0needs. Of course, you’ll have to shop around to find that plan that covers the right things and fits your individual budget. Consider using a quote comparison tool like Bankrate’s InsuranceQuotes<\/a> to assess your options. \u00a0Think ahead and construct\u00a0your insurance plan accordingly!<\/p>\n Still searching for that perfect place? Photo Credit: Wikipedia<\/a><\/em>,\u00a0<\/em>ITG Insurance<\/a>, UT San Diego<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The house or apartment you’re moving into may be owned by someone else, but that doesn’t mean you don’t have any options for protecting yourself or your things! One of the best tools any renter … <\/p>\nIsn’t the Landlord Responsible for\u00a0This?<\/h3>\n
Do I Really<\/em> Need It?<\/h3>\n
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How Do I Get It?<\/h3>\n
\n<\/strong>[pl_button type=”important” link=”https:\/\/www.rentable.co\/”]Take a peek at our listings![\/pl_button]<\/p>\n
![Wikipedia<\/a><\/em>,\u00a0<\/em>ITG Insurance<\/a>, UT San Diego<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The house or apartment you’re moving into may be owned by someone else, but that doesn’t mean you don’t have any options for protecting yourself or your things! One of the best tools any renter … <\/p>\nRead more<\/a><\/p>\n","protected":false},"author":9,"featured_media":10732,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[149],"tags":[21,15],"_links":{"self":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/3095"}],"collection":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/comments?post=3095"}],"version-history":[{"count":23,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/3095\/revisions"}],"predecessor-version":[{"id":10733,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/3095\/revisions\/10733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media\/10732"}],"wp:attachment":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media?parent=3095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/categories?post=3095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/tags?post=3095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/en.wikipedia.org\/wiki\/Building#mediaviewer\/File:FirePhotography.jpg\"){kind=link}