Insurance Premiums

Do You Need Rental Insurance?
by Kyle Thomas Haley

Term Life Insurance Policy Many renters don't stop to think about what happens if there is a fire, someone breaks in and steals their new TV or stereo, or a visitor slips and falls on their property. The sad truth is; you will be responsible! While your landlord has
insurance that covers the actual building, that coverage does not include your personal property or liability for injuries which occur in the space you rent ~ be it an apartment or a house and yard.

If you are renting an apartment, it is probably a good idea to consider rental insurance. It will protect your property against loss or damage due to theft, fire, or natural disasters. In some cases, it can also protect you if guests to your apartment are injured while within the apartment. Some residential leases require that the tenant carry rental insurance. Premiums for rental insurance are relatively low.

Life Insurance If a fire should destroy or damage your home, your landlord's insurance will cover the structure. It won't cover damage or loss of your belongings. Neither will it provide for the cost of temporary housing for you and your family.

Insurance Life Premium You may think you don't own enough personal property to make the cost of insurance worthwhile. You're probably wrong! If you sit down and add up the cost of everything you own, you may be in for a big surprise. Consider what you have invested in such things as:

Health Insurance Policy . Furniture and accessories
. Electronics like TV, stereo, computers
. Small appliances like microwaves, toaster ovens, etc.
. Clothing
. Art work like paintings or prints
. Dishes, silverware and cookware
. Sporting equipment
. Books
. Jewelry

Insurance companies need to know how long you've been licenced in order to calculate your insurance premiums. When was this M1 licence received Insurance companies need to know how long you've held your M1 class licence in order to calculate your insurance premiums. According to the Ontario Ministry of Transportation Web site, you must spend a minimum of 60 days with a class M1 licence, which is valid for 90 days.

Health Insurance Could you afford to replace all of these things?

The Guarantee cancellation insurance costs only 1% of the rental fee on top of the standard cancellation insurance.

Insurance Life Premium Return Even worse, what would you do if a friend is injured on your property and decides to sue you for medical costs and more? It's a scary thought, isn't it?

Whole Life Insurance Policy Are you beginning to see why rental insurance may be a very wise investment?

Auto Cheap Insurance The cost of rental insurance is based on several factors:

Insurance Life Premium Whole . The dollar amount of your coverage
. Deductibles
. Whether you choose to be reimbursed for Actual Cash Value or Replacement Costs (more about that in a minute)
. Where your rental property is located and the number of previous claims made, not only by you, but by others living in the same area.

Cheap Home Insurance Policy Let me explain the difference between Actual Cash Value (ACV) and Replacement Costs. ACV is the value of your property at the time a loss takes place. For example, if your television set is five years old, it's valued at much less than if it were brand new. The lesser amount is what you are reimbursed.

Home Insurance However, if you opt for Replacement Cost, you're paid whatever it costs to go out and buy a new TV with similar features. Insuring for replacement cost raises the amount of your premium so it's a good idea to get quotes for both ACV and Replacement Cost policies. Then you can decide which option fits your needs and budget.

Care Insurance Long Premium Another thing to keep in mind is that jewelry, valuable collections, and guns are usually covered under a separate policy or "rider". If you own these kinds of items, be sure to tell your insurance agent. You don't want to find out after disaster strikes that they aren't covered or that they aren't covered for their true value.
One way you can reduce the cost of your rental insurance is to check with whichever company insures your car. If they provide rental insurance you may be eligible for a multi-line discount.

Home Owner Insurance Policy Rental insurance may be worth the investment just for the peace of mind it offers you.

Auto Insurance Company ________________________________________________

Travel Insurance Policy Kyle Thomas Haley of Chapel Hill, North Carolina has been helping people relocate and find apartments on the Internet since 1999 for STANZEEKAY Inc's Relocation Websites such as:
http://www.apartment-rental.net
and
http://www.relocation-guide.net
Copyright 1999 - 2005 STANZEEKAY Inc.
You have permission to publish this article electronically or
in print, free of charge, as long as the bylines are included and none of the links or content are removed or changed.

Insurance Quote Kyle Thomas Haley has been helping people relocate on the Internet since 1999 with STANZEEKAY Inc's Relocation Websites:

Financing Insurance Life
A Moving and Relocation Guide

Geico Auto Insurance Policy Apartment Rentals and Renting

International Travel Health Copyright 1999 - 2005 STANZEEKAY Inc. You have permission to publish this article free of charge, as long as the bylines are included and none of the links or content are removed or changed.

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