Affordable Renters Insurance

Unlike car insurance, renters insurance is not required by law. Although, some apartment complexes and landlords may require insurance to sign a lease. This may happen if you choose to rent either an apartment or a house.

In that case, an affordable renters insurance policy is the best way to cover your property. Keep reading to learn more about what renters insurance covers and the amounts of coverage provided.

Some renters wrongly assume that their landlord’s property insurance protects their belongings. For instance, anything inside a rented apartment or house is only covered through this policy. A study by ORC International, states only 37 percent of renters have an insurance policy.

Renters may think their belongings are not valuable, monetarily speaking. Although, electronics alone could take thousands of dollars to replace. For instance, one scenario most renters often overlook is injuries. In other words, someone may sue you if they are hurt on your property.

The average renter’s insurance costs $171 a year in Illinois, according to Value Penguin. Moreover, this breaks the price down to $14.25 a month.

Renters insurance provides personal property coverage for your personal belongings if stolen or damaged. This includes liability coverage, loss of use, and medical payments caused by perils listed on your policy.

Common Perils Include:

  • Windstorms.
  • Fire and smoke.
  • Lightning.
  • Hail.
  • Tornadoes.
  • Explosions.
  • Theft and vandalism.
  • Falling objects.
  • Weight of snow, sleet, or ice.
  • Water damage, excluding floods.

Insurance Navy offers free insurance quotes. You can get one by visiting your local office, contacting us by phone, online, or through our mobile app. Because we want to help you save money wherever possible, we offer our insurance quotes completely free of charge. By navigating our website, you can also inform yourself about many useful topics, such as the time limit required for you to notify the insurance company about a crash, how to file a police report, and situations in which your coverage will pay for repair costs for your vehicle.

Would you like to know more about renter’s insurance coverage or terms conditions? Do you need a renters insurance quote or have a question about covered medical bills? Our agents and customer service representatives are here to help. Call us today at 888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.

We also have a strong presence on social media, like or follow us on Twitter, Facebook, Instagram, or Pinterest. After that, we can keep you updated on helpful topics and local news about extra coverage, living expenses, legal fees, and much more.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. From how to keep your car cool in the summer, to proper steps to take after Godzilla damages your car.

*Please review your own policy for details on renters insurance. Renters coverages vary by state, the insurance company, and policy.

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