Archive for April, 2010
Looking for home renters insurance? Protecting your personal possessions is a wise idea, taking into account the fact that you are not covered under your landlord’s home insurance.
When insurance rates are calculated, the total value of your belongings is taken into account. All valuable items in your home should be listed in an inventory for future reference. Some items increase or decrease in value with time and should be reflected accordingly when your policy is renewed.
The following tips will help you in your search for low cost renters insurance:
1. High deductible – Having higher deductible will lower your insurance premiums. The amount you pay is likely to be reduced by 12% if your deductible is $500. Still, make sure you don’t set your deductible to a figure you can’t afford to pay in case of emergency.
2. More protection against fire – Insurance companies will give you a better rate if you have safety devices like smoke alarms, a fire extinguisher of even a sprinkler system.. Careful renters are accepted as less of a risk.
3.Increase security – very inexpensive way to increase security is adding features like deadbolts. Other useful devices are burglar alarms and motion sensors. You will pay less for renters insurance and feel safer – killing two birds with one stone
4.Check for discounts – it doesn’t hurt to ask. Insurance companies are prepared to give you huge discounts if you go long term or combine insurance policies. In order to win new business many insurance companies offer discounts.
5.Comparing quotes – home renters who want to save on insurance must compare quotes. Its recommended to get quotes from at least three different companies. You can save a lot of time and money by doing it online.
Article Source: Home Renters Insurance – Five Tips To Save Money