A recent nationwide survey found that only 34% of tenants carry a Renters policy which means that most renters are taking a financial gamble with all of their belongings.
The three leading reasons that respondents gave for not buying Renters insurance show that many people don't understand what this policy covers - and doesn't cover:
However, without a Renters policy, tenants still remain highly vulnerable to other risks. A fire could damage or destroy their possessions, requiring replacement at a high cost. An accident might leave the unit temporarily unlivable, costing hundreds or thousands in living expenses. An injury to a visitor on the premises could result in costly medical bills - not to mention a lawsuit. The typical Contents policy will provide protection against these losses - and a wide variety of other risks.
However, according to the National Association of Insurance Commissioners (NAIC), the average Renters policy costs only around $185 a year.
Although the landlord carries insurance in the building itself, the policy does not cover risks to tenants' property and liability.
For more information on how Renters insurance can protect you, feel free to get in touch with us.
As the average cost of getting hitched keeps rising (to $27,000 in 2012), more and more couples are using Wedding Insurance to protect their investment against mishap - and help ensure peace of mind on this special day.
Wedding policies will reimburse you for losses due to:
You can also buy coverage "riders" for a variety of other risks, ranging from a military service call-up to the bride or groom and damage to a wedding gown or tuxedo, to stolen or damaged gifts, and cancellation of your honeymoon due to illness, bad weather, or other mishap. If you're holding the ceremony in your home, you might also want Liability insurance in case a guest gets hurt or injures someone.
Premiums can range from $100 to $1,000 (if you buy Liability coverage and host an open bar).
We'd be happy to tailor a Wedding policy to meet your needs, and budget. Just give us a call.
However, a growing number of companies offer significant premium discounts on Homeowners insurance to policyholders who are:
You might also be eligible for a discount if you don't have a Property damage claim for a specified period, such as three years.
Bear in mind that many insurance companies might not offer some (or any) of these discounts.
To see if you're eligible, check with the professionals at our agency. We might be able to save you some big dollars.