<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: What Do Insurance Companies Base Renters Insurance On?</title>

	<atom:link href="https://insurancelibrary.com/renters-insurance/what-do-insurance-companies-base-renters-insurance-on/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/renters-insurance/what-do-insurance-companies-base-renters-insurance-on</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: David Mrozek</title>

		<link>https://insurancelibrary.com/renters-insurance/what-do-insurance-companies-base-renters-insurance-on</link>

		<dc:creator>David Mrozek</dc:creator>

		<pubDate>Tue, 26 Nov 2013 13:34:58 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/renters-insurance/what-do-insurance-companies-base-renters-insurance-on</guid>


		<description><![CDATA[How a renters policy is rated is no different than how any other homeowners policy is rented.  There are several factors that go into the rating mechanism:

Where  you live - how far to the nearest fire station and fire hydrant
The construction of the building - is it a brick building or a frame building(which do you think burns easier?)
Safety features - smoke alarms, deadbolt locks, fire/burglar alarms, sprinklers
Your personal Property limit(your stuff) - the higher the values, the higher the premium
Your personal Liability Limit - again, higher limits, higher premium
Personal circumstances - age, credit score, claims history

Renters insurance is really just a homeowners policy without building coverage.  It&#039;s coverage for you and your stuff.  The cost of renters insurance is usually much lower than a homeowners policy because a lot of the premium is generated by the cost of the building.

Some guidelines to get the right renters coverage.  Get a good handle on what it would cost to replace your stuff.  A good agent can help or you can go to Allstate&#039;s website and use their tool (no, I&#039;m not an Allstate agent, I just like their tool).  Secondly, choose a higher liability limit.  I usually quote at least $300,000 but prefer $500,000 or more.  The cost is very negligible.

Be smart, find an agent you can trust and take their advice.  If you do have a claim, you&#039;ll be happy you did.]]></description>

		

	</item>


</channel>

</rss>

