We’ve got great rates on Renter’s Insurance with various companies. They will even give you credit for insuring your auto with the same company!

Everyone should intuitively understand why auto insurance is required if they want to drive.  But what about renter's insurance? Sure, some apartment complexes require it, but most people don’t want to incur the extra expense and don’t understand why they must purchase it. What is it for, and what does it cover?

Renter insurance covers your belongings against the obvious risks of fire, water damage, and theft. It also provides liability insurance and medical payments to others injured in your home up to the amount stated on the policy, usually $100,000. You can purchase more. Renters often don’t realize that if a fire starts in their apartment and spreads, they are responsible for all the damage caused, not just to their belongings. Imagine if someone is injured or dies in that fire. Consider purchasing a higher limit of liability for the little extra it costs.

Many people believe they don’t need insurance because they have nothing worth protecting.  I have an interesting flyer on the edge of my desk. It shows how much it costs to get just one item you will need, not extra items, but one set of work clothes, one set of casual clothes, one towel, etc. Who has only one set of anything like that? Those things alone come to about $1,350.00. One towel? Really?

You are careful. You don’t start fires, and you lock your doors. But what about your neighbors? What happens if they start a fire in their kitchen that spreads to your apartment? Are you sure they have insurance, and if so, do they have enough to cover your stuff and theirs? Does the guy next door cook responsibly with the barbecue on his balcony? Will the lady upstairs have a kitchen fire if she cooks chicken in oil on high on the stove? Even if the fire doesn’t reach you, the water damage from the fire department will. Trust me, water damage from dousing a fire is just as devastating as the effects of smoke or heat.

Renter’s insurance pays when someone breaks into your car and steals your gym bag or laptop computer. Your auto insurance pays for the damage to the vehicle. Nobody pays for your stolen items if you don’t have renters’ insurance. Yes, even if you have full coverage. If your personal effects aren’t permanently attached to your car, your auto insurance doesn’t cover them.

Call us at 503-489-3143 for a quick quote. It’s the cheapest insurance for the coverage you get, you’ll ever buy!