NEW YORK, Dec. 2, 2010 /PRNewswire/ -- Many experts recommend for tenants to have a comprehensive contents insurance policy. Here are three reason why renters should always have coverage.
1. Contents insurance offers extensive coverage. A renters insurance policy is much like that of a homeowners policy without the aspect of covering the physical structure, but at a much lower cost. The landlord has insurance to cover the structure but the contents of the tenant must be covered under a separate policy. They provide protection for the items owned by the renter and have a liability aspect. Generally they cover 16 types of perils, including: fire or lightning, windstorm or hail, explosion, riot or civil commotion, damage caused by aircraft, damage caused by vehicles, smoke, vandalism or malicious mischief, theft, volcanic eruption, falling objects, weight of ice or snow or sleet, and some specific water damage, plumbing damage, and electrical current damage.
2. There is a liability aspect. This part of a contents insurance policy for renters covers the tenant if someone is injured in their rental property. This would cover the medical costs and any legal expenses if the renter is sued. Typically, these situations have to do with an injury to a guest at the dwelling and also involve damage done to others' property by someone insured on the plan.
3. Extensive coverage at a low price. The cost of rental insurance is about $10 to $20 a month, depending on the state. Not every contents insurance policy has the same level of protection and, therefore, some will cost more than others.
RentersInsurance.net provides renters with a free online shopping service for housing and apartment rental insurance. A comprehensive policy that will cover all your belongings can cost as little as $10 a month. To quickly and easily get free renters insurance quotes, visit the website.
Contact: Jennifer O'Connell
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