No matter where you live in Idaho, it’s important to have adequate renter’s insurance to protect your personal property from loss or damage. Renter’s insurance is designed especially for those individuals who don’t own their own home but are leasing their place of residence. Whether you are renting an apartment, a condo, or a house, you should seriously consider purchasing Idaho renter’s insurance to safeguard your valued possessions in the event of theft, fire, or weather-related calamities.
The Importance of Having Renters Insurance in Idaho
Many people mistakenly think that when they rent a place to live, they don’t need renter’s insurance. Often people assume that the landlord is responsible for all insurance coverage. It is true that the landlord or property owner is required to carry homeowner’s insurance on the property. But this only covers the actual structure (building) itself and the land on which it is built. The personal property which is inside the apartment or rental home is strictly the responsibility of the renter. Because of this fact, many landlords and leasing companies today require all tenants to provide proof of renter’s insurance before they can lease and move into a property.
Probably the number one reason people don’t buy renter’s insurance is because they think it will be too expensive. The fact is that most renter’s insurance policies cost between $200 and $300 for an annual premium. This breaks down to around $18-$25 per month, depending on the value of an individual’s personal belongings, where the rental property is located, and other factors. In the scheme of things, this is really a bargain. For this price you can normally get $30,000 of personal property coverage against theft, fire and natural disasters along with $100,000 of liability coverage.
Most people seriously underestimate the monetary value of their personal possessions. A great reality check is to make a complete inventory of everything you own- furniture, appliances, clothing, electronics, jewelry, CDs and DVDs. Now imagine having to replace some or all of these items out of pocket. For most individuals, this would be impossible. That’s why if you live in Idaho, it is important to protect your personal property and cherished possessions by purchasing adequate renter’s insurance.
What Renter’s Insurance Covers
Idaho renter’s insurance will normally offer you three types of protection:
Personal possessions – This will protect your personal belongings against loss and damages due to theft, leaky water pipes, fire, smoke, vandalism, and various natural disasters. Floods and earthquakes generally require separate coverage.
Liability – This protects you in the event a person visiting your home injures themselves and sues you for damages. This policy provides medical coverage for the injured person’s medical bills.
Additional living expenses – If the place you are renting is damaged or destroyed by a natural disaster covered by your renter’s policy, your temporary living expenses, such as a hotel room, will be paid for along with restaurant meals.
Get Started Today
We work with all of the major insurance carriers in Idaho who offer renter’s insurance to consumers. From the comfort of your home or office you can compare policies and get quotes from several different insurance companies. Our friendly and professional staff is available 24 hours a day, 7 days a week to assist you in finding the most comprehensive renter’s insurance policy for the best possible price. Let us help you take the guesswork and confusion out of buying renter’s insurance. You can then relax knowing that your personal property and valued possessions are adequately covered in the event of theft, fire, and a host of other possible disasters.
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