If you don't own your home, you may think that you don't need insurance to cover your apartment. In reality, all renters can benefit from renter's insurance. After all, you wouldn't drive your car without car insurance or walk around without medical insurance, so you shouldn't leave something as important as your home unprotected. Here are four reasons you need renter's insurance: 1. Your possessions will be protected. Over time, most people accumulate things that they care about.
- When you purchase your first home, your lender will tell you that you are required to purchase homeowner's insurance for it before you close on the loan. If you have never purchased a homeowner's insurance policy, you might have questions about how much you should choose for the deductible on the policy. If you are wondering about this, here are several things you should know. What is a deductible? The first thing you will need to understand is what a deductible is and how it may affect you.
- Do you currently have antiques in your home and are concerned about what would happen if they became damaged during a fire or natural disaster? That's where home insurance plays a crucial part in making sure you're covered. Here is what you should know about insuring antiques with your insurance policy. Declare the Item's True Value It's devastating to lose an item that has an emotional value to you since you'll never be able to get the exact same item back again.
- If you plan on going on vacation and will be renting a car on your trip, the rental car company will probably recommend that you purchase rental car insurance to protect the car. While this might be necessary in some cases, it typically is not necessary for a person who owns a car and has an auto insurance policy in place. Here are a few things to understand about car insurance and rental car coverage.
- Buying standard home insurance coverage is a good start -- it is better than not having any coverage -- but sometimes it is not enough. There are two main reasons for this: first, standard coverage has limits that may not be adequate for some of your valuable items. Second, standard coverage may leave out some of your belongings. For that reason, you should consider adding these riders to your standard coverage to get full protection: