How Much Is Renters Insurance Normally?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! The answer is kind of iffy though, as the average where you live may not be the average where I live. A good portion of the cost is based upon the area where you live, and the risks associated with it. I am prone to hurricanes in Houston, you may not be where you live. We also have more issues with flooding than you may have. Folks in California may have a higher fire threat. The cost will also vary with the choice for deductible amount, and amount of things to be insured. The best guess I can give you is that you should be able to insure your things for around $20 a month. ( And that is strictly a budgeting estimate, not a quote!) If you need more details, please feel free to contact me, okay? Thanks for asking!Answered on May 6, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482The premium that you pay for Renters Insurance can vary based upon the amount and extent of coverage you need and wish to have. If you are renting n efficiency or some other smaller apartment, then the amount of personal property you may need to protect is far less than if you were renting a 3000 square foot home. In addition to the amount of coverage, the location of the rented property can be a factor in determining premium. If you are in a fairly remote area that is difficult for fire services to get to, then you may pay more than you would for the same coverage in a property located across the street from a fire hydrant and within a mile or two from a responding Fire and Rescue department.Answered on May 6, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaWhile it is important to determine the cost of a renter’s policy, it is more important to consider the cost of not having a renter’s policy. Can you afford to replace all of your clothing, appliances, and furniture if they are lost in a fire or other covered “peril?” Can you defend yourself in a lawsuit if someone is hurt at the unit you are renting? The cost may be $10-25 per month which is insignificant compared to the terrible cost of having an uninsured loss.Answered on May 7, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
