Renters Insurance

Renter’s Insurance-What You Need to Know

Courtesy of iii.org If you rent a house or apartment and experience a fire or other disaster, your landlord’s insurance will only cover the costs of repairing the building. To financially protect yourself you will need to buy renters or tenants insurance. Renters insurance protections Like homeowners insurance, renters insurance includes three key types of financial protection: Coverage for personal possessions Liability protection Additional living expenses (ALE) The …

Reviewing your Insurance Coverage

You probably make a checklist for performing home repairs, a shopping list before hitting the grocery store, or perhaps a to-do list for work assignments but do you have a checklist for reviewing your insurance coverage? The start of hurricane season is right around the corner (June 1 November 30). So now’s the time to check your homeowners or renters insuranceand this handy list will make it easy to be sure you’re well-prepared in case a storm comes your way. HOMEOWNERS COVERAGE ? Check …

Understanding Renters Insurance

The number of renters has grown dramatically in some of the most populous—and disaster-prone—U.S. cities, yet few renters actually purchase insurance, according to the Insurance Information Institute (I.I.I.) Indeed, only 37 percent of renters have renters insurance whereas 95 percent of homeowners have a homeowners insurance policy, according to a 2014 I.I.I. poll conducted by ORC International. “Renters insurance provides a very important financial safety net when there is a disaster,” …

Car Shares, Hourly Rentals and Other Options for Rented Rides

Car Shares, Hourly Rentals and Other New Options for Rented Rides If you’re renting a car this summer, you have more choices than ever. What hasn’t changed is the importance of protecting yourself with the right type and amount of insurance, according to the Insurance Information Institute (I.I.I). Long gone are the days of simply renting a car by the day or week from the closest established rental car company. Now you can rent a car by the hour, from almost any location, or even use a …

Do I Need Rental Car Insurance?

Do I Need Rental Car Insurance? Properly insuring a rental car can be confusing, frustrating and downright daunting. Unfortunately, many consumers do not even think about car rental insurance until they get to the counter, which can result in costly mistakes—either wasting money by purchasing unnecessary coverage or having dangerous gaps in coverage. Before renting a car, the I.I.I. suggests that you make two phone calls—one to your insurance professional and another …