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	<title>Answers for InsuranceLibrary.comDavid Rodeck -  -</title>
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		<title>Answer on Why should I get renters insurance? by David Rodeck</title>
		<link>http://insurancelibrary.com/renters-insurance/why-should-i-get-renters-insurance#answer_156</link>
		<dc:creator>David Rodeck</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:12:31 +0000</pubDate>
		<guid isPermaLink="false">http://insurancelibrary.com/renters-insurance/why-should-i-get-renters-insurance#answer_156</guid>
		<description><![CDATA[When you rent your home, it might seem like you don’t need insurance. If the building gets damaged in an accident, it will be your landlord’s problem, not yours. However, just because you are renting your home doesn’t mean you don’t have anything at stake. There are a few important reasons why you should consider getting renters insurance.

The first reason to get renters insurance is to protect your belongings. Your landlord’s insurance only covers his property. It will cover repairing the building and anything he owns in your home, but won’t cover anything you own. If your property is destroyed by a fire or someone breaks in and steals your valuables, you’ll be on you own to replace everything. This can easily cost you thousands of dollars out of pocket. When you have renters insurance, it will cover these losses.

Another reason to buy renter’s insurance is to protect yourself against lawsuits. If someone has an accident and get badly injured in your home, you as the renter could be liable. Renters insurance protects you against this liability and makes sure you don’t lose a fortune in a lawsuit.

Lastly, renters insurance is very inexpensive. Many policies cost less than a dollar a day. This means you can get this important protection without having to make a big financial commitment.

https://www.statefarm.com/insurance/renters/renters.asp]]></description>
		<content:encoded><![CDATA[When you rent your home, it might seem like you don’t need insurance. If the building gets damaged in an accident, it will be your landlord’s problem, not yours. However, just because you are renting your home doesn’t mean you don’t have anything at stake. There are a few important reasons why you should consider getting renters insurance.

The first reason to get renters insurance is to protect your belongings. Your landlord’s insurance only covers his property. It will cover repairing the building and anything he owns in your home, but won’t cover anything you own. If your property is destroyed by a fire or someone breaks in and steals your valuables, you’ll be on you own to replace everything. This can easily cost you thousands of dollars out of pocket. When you have renters insurance, it will cover these losses.

Another reason to buy renter’s insurance is to protect yourself against lawsuits. If someone has an accident and get badly injured in your home, you as the renter could be liable. Renters insurance protects you against this liability and makes sure you don’t lose a fortune in a lawsuit.

Lastly, renters insurance is very inexpensive. Many policies cost less than a dollar a day. This means you can get this important protection without having to make a big financial commitment.

https://www.statefarm.com/insurance/renters/renters.asp]]></content:encoded>
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		<title>Answer on Do I need renters insurance in an apartment? by David Rodeck</title>
		<link>http://insurancelibrary.com/renters-insurance/do-i-need-renters-insurance-in-an-apartment#answer_155</link>
		<dc:creator>David Rodeck</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:11:45 +0000</pubDate>
		<guid isPermaLink="false">http://insurancelibrary.com/renters-insurance/do-i-need-renters-insurance-in-an-apartment#answer_155</guid>
		<description><![CDATA[When you rent an apartment, you have the option to buy renters insurance. These policies protect your belongings while you live in the rental property. It is up to your whether you want to buy one of these policies. This insurance isn’t needed to rent an apartment.

There is no government law that forces you to buy renters insurance before you can rent an apartment. It’s not like driving a car, which requires car insurance. If you want to rent an apartment without insurance, you are free to do so.

It also doesn’t matter to your landlord whether or not you have renters insurance. A renters policy doesn’t cover damage to your apartment building or to your landlord’s property. Your landlord will protect himself with his own insurance policy. Since you don’t cover your landlord at all with renters insurance, he won’t ask you to buy it before renting out the apartment.

While renters insurance is not a requirement, it is often a good idea. If your apartment is robbed or destroyed in an accident, you will need to replace all your belongings on your own. In addition, if someone gets hurt in your home, you as the renter are liable. The injured person could sue you and force a costly settlement.

Renters insurance covers you in both these costly situations. When you own one of these policies, you protect yourself from the financial risks of owning an apartment.]]></description>
		<content:encoded><![CDATA[When you rent an apartment, you have the option to buy renters insurance. These policies protect your belongings while you live in the rental property. It is up to your whether you want to buy one of these policies. This insurance isn’t needed to rent an apartment.

There is no government law that forces you to buy renters insurance before you can rent an apartment. It’s not like driving a car, which requires car insurance. If you want to rent an apartment without insurance, you are free to do so.

It also doesn’t matter to your landlord whether or not you have renters insurance. A renters policy doesn’t cover damage to your apartment building or to your landlord’s property. Your landlord will protect himself with his own insurance policy. Since you don’t cover your landlord at all with renters insurance, he won’t ask you to buy it before renting out the apartment.

While renters insurance is not a requirement, it is often a good idea. If your apartment is robbed or destroyed in an accident, you will need to replace all your belongings on your own. In addition, if someone gets hurt in your home, you as the renter are liable. The injured person could sue you and force a costly settlement.

Renters insurance covers you in both these costly situations. When you own one of these policies, you protect yourself from the financial risks of owning an apartment.]]></content:encoded>
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		<title>Answer on Does home insurance cover fire? by David Rodeck</title>
		<link>http://insurancelibrary.com/home-insurance/does-home-insurance-cover-fire#answer_154</link>
		<dc:creator>David Rodeck</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:11:19 +0000</pubDate>
		<guid isPermaLink="false">http://insurancelibrary.com/home-insurance/does-home-insurance-cover-fire#answer_154</guid>
		<description><![CDATA[If your house is damaged in a fire, your home insurance will kick in. This insurance will not only pay for fixing up your home, but will also cover a number of other extra costs. The amount of money you get from your insurance depends on a few factors though.

The first item your home insurance covers is the damage to your home. The amount you receive for damages depends on the limit of insurance you purchased. If your limit is high enough to cover all damages, your insurance will cover all your home repairs. If you didn’t fully cover your house, you may need to pay some of the costs out of your pocket.

On top of covering your house, your home insurance will also replace your personal belongings. Once again, the amount you receive depends on the coverage you bought. In addition, home insurance limits the amount it pays on expensive items like jewelry and artwork. If you have any valuables, you may need to buy additional coverage.

Lastly, your home insurance will cover the costs of your living somewhere else because of the fire. If you need to live in a hotel and eat at restaurants while your home is repaired, the insurance will pay for these expenses.

While home insurance covers your damages in most cases, it won’t cover the costs from an intentional fire. This applies to fires started by family members, not by a stranger vandalizing your house. If a member of your household started the damaging fire on purpose, your insurance won’t cover your expenses.

Unless you fall under this exception, your home insurance should cover the damages of a fire.]]></description>
		<content:encoded><![CDATA[If your house is damaged in a fire, your home insurance will kick in. This insurance will not only pay for fixing up your home, but will also cover a number of other extra costs. The amount of money you get from your insurance depends on a few factors though.

The first item your home insurance covers is the damage to your home. The amount you receive for damages depends on the limit of insurance you purchased. If your limit is high enough to cover all damages, your insurance will cover all your home repairs. If you didn’t fully cover your house, you may need to pay some of the costs out of your pocket.

On top of covering your house, your home insurance will also replace your personal belongings. Once again, the amount you receive depends on the coverage you bought. In addition, home insurance limits the amount it pays on expensive items like jewelry and artwork. If you have any valuables, you may need to buy additional coverage.

Lastly, your home insurance will cover the costs of your living somewhere else because of the fire. If you need to live in a hotel and eat at restaurants while your home is repaired, the insurance will pay for these expenses.

While home insurance covers your damages in most cases, it won’t cover the costs from an intentional fire. This applies to fires started by family members, not by a stranger vandalizing your house. If a member of your household started the damaging fire on purpose, your insurance won’t cover your expenses.

Unless you fall under this exception, your home insurance should cover the damages of a fire.]]></content:encoded>
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		<title>Answer on Can I switch home insurance companies? by David Rodeck</title>
		<link>http://insurancelibrary.com/home-insurance/can-i-switch-home-insurance-companies#answer_153</link>
		<dc:creator>David Rodeck</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:10:57 +0000</pubDate>
		<guid isPermaLink="false">http://insurancelibrary.com/home-insurance/can-i-switch-home-insurance-companies#answer_153</guid>
		<description><![CDATA[When you buy a home insurance policy, it’s not a contract for life. If you are unhappy with your current coverage, you can easily switch to a new home insurance company. Before making this move, there are just a few things you need to do beforehand.

The first thing you should do is review your current insurance policy. See when it is scheduled to end as well as if there are any costs for ending your contract early. For example, if you cancel a prepaid policy, some companies give you your unearned premium payments back while others will not. Check to see if it makes more financial sense to cancel the policy or just wait for it to expire.

When you decide to make a move, you can contact your new insurance company and ask them to set up your new policy. You will need to fill out a short application to set up your coverage. When you submit your application, be sure to include your insurance premium as well. You won’t be covered until after the insurance company receives your premium payment.

Once your new policy is up and running, you can cancel your old policy. Call up your old company and tell them you want to end your coverage. They will mail you a document telling you your coverage is over and will also return any money they might owe you. After you finish cancelling your policy, you have finished switching home insurance companies.]]></description>
		<content:encoded><![CDATA[When you buy a home insurance policy, it’s not a contract for life. If you are unhappy with your current coverage, you can easily switch to a new home insurance company. Before making this move, there are just a few things you need to do beforehand.

The first thing you should do is review your current insurance policy. See when it is scheduled to end as well as if there are any costs for ending your contract early. For example, if you cancel a prepaid policy, some companies give you your unearned premium payments back while others will not. Check to see if it makes more financial sense to cancel the policy or just wait for it to expire.

When you decide to make a move, you can contact your new insurance company and ask them to set up your new policy. You will need to fill out a short application to set up your coverage. When you submit your application, be sure to include your insurance premium as well. You won’t be covered until after the insurance company receives your premium payment.

Once your new policy is up and running, you can cancel your old policy. Call up your old company and tell them you want to end your coverage. They will mail you a document telling you your coverage is over and will also return any money they might owe you. After you finish cancelling your policy, you have finished switching home insurance companies.]]></content:encoded>
	</item>
	<item>
		<title>Answer on Is renters insurance worth it? by David Rodeck</title>
		<link>http://insurancelibrary.com/renters-insurance/is-renters-insurance-worth-it#answer_152</link>
		<dc:creator>David Rodeck</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:10:37 +0000</pubDate>
		<guid isPermaLink="false">http://insurancelibrary.com/renters-insurance/is-renters-insurance-worth-it#answer_152</guid>
		<description><![CDATA[When you rent a property, you can buy renters insurance. These policies protect you in two different ways. First, if the belongings in your rental property get stolen or destroyed, the rental insurance will replace them. Second, if someone gets hurt in your rental home and sues you, the rental insurance will protect you.  By offering both these areas of coverage, a renters insurance policy is worth its cost.

Whether an insurance policy is worth buying depends on the size of the risk it is covering. You want to insure assets that you couldn’t afford to replace on your own. This is why you would buy insurance on your house but not on a $20 pair of pants.

If renters insurance just covered your belongings, it would be a close call. Renters insurance is fairly inexpensive but replacing your personal property is a fairly low cost. While it’s nice to have all your belongings protected, this is the type of risk you can insure yourself with your own savings.

The potentially greater value of rental insurance is its liability coverage. If someone sues you and wins a judgement, you can potentially lose everything you own. By making a small investment in renters insurance, you protect yourself against the rare but catastrophic risk.

When you consider both sides of renters insurance, this coverage makes sense. By making this small investment, you make sure that your rented home won’t ruin you financially.]]></description>
		<content:encoded><![CDATA[When you rent a property, you can buy renters insurance. These policies protect you in two different ways. First, if the belongings in your rental property get stolen or destroyed, the rental insurance will replace them. Second, if someone gets hurt in your rental home and sues you, the rental insurance will protect you.  By offering both these areas of coverage, a renters insurance policy is worth its cost.

Whether an insurance policy is worth buying depends on the size of the risk it is covering. You want to insure assets that you couldn’t afford to replace on your own. This is why you would buy insurance on your house but not on a $20 pair of pants.

If renters insurance just covered your belongings, it would be a close call. Renters insurance is fairly inexpensive but replacing your personal property is a fairly low cost. While it’s nice to have all your belongings protected, this is the type of risk you can insure yourself with your own savings.

The potentially greater value of rental insurance is its liability coverage. If someone sues you and wins a judgement, you can potentially lose everything you own. By making a small investment in renters insurance, you protect yourself against the rare but catastrophic risk.

When you consider both sides of renters insurance, this coverage makes sense. By making this small investment, you make sure that your rented home won’t ruin you financially.]]></content:encoded>
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