Renters Insurance

We work with all of the major insurance carriers in Indiana 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 Indiana 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.

Why You Need Renters Insurance in Indiana
Given the current state of the housing market, more people than ever are choosing to rent rather than buy. But as the number of renters continues to increase, the number of people actually purchasing renter’s insurance is not. It is estimated that only 43% of people who rent carry renter’s insurance. Insurance experts agree that there are many reasons why people don’t have renter’s insurance. Some misguided explanations are:

  1. They think renter’s insurance coverage will be too expensive.
  2. They think their landlord’s coverage will pay for their personal losses or damage.
  3. They think they don’t own enough personal property to make it worthwhile.
  4. They greatly underestimate the value of their belongings.

If you live in Indiana and are currently renting a place to live, you should know the facts about renter’s insurance and why it’s so important to have adequate coverage for your personal property and cherished possessions.

An Indiana resident can generally purchase an annual renter’s insurance policy for around $200. When you consider that most people spend more than this on gourmet coffee drinks every year, renter’s insurance really is a good bargain!

Your landlord’s homeowner coverage does protect the actual building you are renting and also the land it is built on. But all the items you have inside of your apartment or rental home are your responsibility. Without proper renter’s insurance, this means that you alone will have to replace the lost or damaged items. Just imagine having to buy everything at today’s market value. This is probably the most compelling reason why people make the smart decision to purchase renter’s insurance.

Insurance industry statistics show that most people have at least $20,000 of personal property. This is a very minimum amount and the value of your belongings may be quite a bit higher. The best way to determine this is to take an inventory of what you own. This should include everything in your apartment or rental home- furniture, appliances, electronics, clothing, CDs and DVDs, jewelry, artwork and rugs. Some expensive pieces of jewelry, art or antiques may have to be covered under a separate policy but you can arrange that with your agent when writing up your personal renter’s policy. You can protect all of your valued possessions with an Indiana renter’s insurance policy and never have to worry about paying for lost or damaged items out of pocket.

Smart Ways To Save
As you’ve already discovered, Indiana renter’s insurance is very affordable. Here are more ways to save on an annual renter’s insurance premium:

  1. Choose a higher deductible. Just like car insurance, the higher the deductible, the lower the price. Alternatively, a low deductible will be more expensive.
  2. If your rental property doesn’t already have them, install smoke alarms, deadbolt locks and a security system in your rental property. Having these safety features will generally give you a discounted price on your annual premium.
  3. If you qualify, ask about discounts for seniors (55+), AAA membership, or other organizational discounts.
  4. Some insurance companies offer savings to non-smokers. Find out about this possibility.
  5. Bundle your insurance policies such as life, auto and renter’s, together with one company. Most companies give a significant discount for this.