Who Is The Cheapest Renters Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe cheapest renters insurance is the policy that is in force at the time that you have a loss. The only thing that could be cheaper is to have a policy that paid the maximum allowable settlement at the time of loss. It isn’t the premium that matters. The important thing is to have a policy, and to have a policy with appropriate limits. A loss makes low premiums taste like lemons.Answered on May 30, 2014flag this answer- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe cheapest renter’s policy is the one that gives you enough money to pay your legal costs and restore everything that was damaged (minus the deductible.) The most expensive renter’s policy is “no-policy” because at the time of loss, the entire burden is born by you. May I suggest that you meet with a professional insurance agent and secure a quote? Setting appropriate limits is the way to make sure that you have the cheapest coverage.Answered on August 27, 2014flag this answer
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