{"id":7536,"date":"2018-01-16T14:56:14","date_gmt":"2018-01-16T19:56:14","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=qa&p=7536"},"modified":"2023-07-24T13:43:09","modified_gmt":"2023-07-24T17:43:09","slug":"should-i-get-renters-insurance","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/should-i-get-renters-insurance\/","title":{"rendered":"Should I get renters insurance?"},"content":{"rendered":"
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For renters, renters insurance is not a strange concept and it is pretty much self-explanatory. But what renters insurance actually covers can for some be a little confusing. And if they should get renters insurance or not. Renters insurance is not mandatory, but if you\u2019re a renter with a lot a valuables (as most of us are) it is a smart move and good news, it is not nearly as costly as homeowner insurance!<\/p>\n
Easily wrapped up, renters insurance covers your valuables at home if something were to happen in your apartment such as damage to apartment, fire, theft, etc. Most people might think that those things are covered by the landlord, but that is not the case. A landlord\u2019s insurance will cover the building but not specifically your valuables located inside your apartment. Side note, the landlord\u2019s policy will cover appliances and etc that they own that is located in your apartment<\/em>. A lot of big insurance companies offer renters insurance, so as a renter you have plenty of options to pick from.<\/p>\n So what does renters insurance specifically cover? Obviously, it covers your personal property but let\u2019s look at the specifics. The most common areas that this insurance covers (but this can be different from company to company) are:<\/p>\n There are going to be things and areas your renters insurance won\u2019t cover. But it gets confusing to know exactly what it doesn\u2019t cover. While you\u2019ll get the full overview of what your insurance will cover once you\u2019ve signed up and purchased it, here are some areas usually not covered by renters insurance:<\/p>\n Renters might be discouraged from getting renters insurance in fear of it being too costly. Actually, according to the data out there not a lot of renters purchase renters insurance. Maybe it is because renters think it will cost them too much? If that\u2019s the case, good news! The cost of a renters insurance is very affordable and way cheaper than a homeowner insurance! On average, renters insurance could end up costing you around $15 – $20 a month, only! You can probably get it cheaper or have it be more expensive depending on the coverage you want, but $15 – $20 a month is a small price to pay to make sure your valuables are safe.<\/p>\n From the map shown above one can see the interest over time for the search term \u201crenters insurance\u201d. We used data from Google Trends to showcase the interest over time on a subregion level, with the data going all the way back from 2004 to now. Google Trends scores search queries from 0 to 100, with the value of 100 being the most commonly searched query, 50 being a query searched half as often, and so on. Using the same metrics as Google Trends, we have mapped the popularity of the search term \u201crenters insurance\u201d by subregion. The subregion where the search term was the most popular was Texas with a score of 100. The subregion where the search term was the least popular was West Virginia who had a score of 42.<\/p>\n ***<\/p>\n Like any individual, renters have a ton of things and valuables stored away in their homes. If anything were to happen inside the apartment a landlord\u2019s policy will only cover the building and not specifically the things located in your apartment. That is why purchasing a renters insurance is a smart move by renters and it doesn\u2019t have to empty your wallet. To see what will be covered and not, do your research so you find the renters insurance that best fits you and your needs!<\/p>\n","protected":false},"excerpt":{"rendered":" For renters, renters insurance is not a strange concept and it is pretty much self-explanatory. But what renters insurance actually covers can for some be a little confusing. And if they should get renters insurance or not. Renters insurance is not mandatory, but if you\u2019re a renter with a lot a valuables (as […]<\/p>\n","protected":false},"author":3,"featured_media":7560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[441],"tags":[],"class_list":{"0":"post-7536","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-faq"},"yoast_head":"\nWhat does renters insurance cover? <\/strong><\/h6>\n
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What does renters insurance not cover? <\/strong><\/h6>\n
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What is the cost of getting renters insurance? <\/strong><\/h6>\n
How to find the perfect renters insurance for you: <\/strong><\/h6>\n
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Map explained
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