We work with all of the major insurance carriers in Utah 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 Utah 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 Utah
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:
- They think renter’s insurance coverage will be too expensive.
- They think their landlord’s coverage will pay for their personal losses or damage.
- They think they don’t own enough personal property to make it worthwhile.
- They greatly underestimate the value of their belongings.
If you live in Utah 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.
A typical renter’s insurance policy in Utah will cost between $200 and $300 a year. 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 a renter’s insurance policy and never have to worry about paying for lost or damaged items out of pocket.
Smart Tips for Finding Good Coverage
- Know What Is Covered. Generally renter’s insurance will cover property that is lost, stolen or damaged due to the following events: smoke, theft, vandalism, plumbing leaks, hail, windstorms, lightning, fire, explosions, falling objects, and electrical surges. Flood, earthquake and hurricane damage is NOT typically covered so if you live in an area where these natural disasters occur, you will need separate coverage for this.
- Take An Inventory Of Your Possessions. Make a list of everything that you own and how much it would cost to replace all of it. You should include furniture, appliances, electronics, clothing, books and CDs, sporting equipment, art, and any other collectibles. You will probably be amazed by how much you actually own and the total value. This number will give you a good idea of the amount of coverage you need on your personal property.
- Document Your Belongings. Save receipts. Having these will make it easier if you ever need to file a claim and can also be used as proof of loss on your taxes. Take photographs and videos of your possessions. Store all of these items in a safety deposit box or other location outside of your home.
- Personal Liability Coverage. This protects you in the event of a lawsuit brought by someone who is injured in your home. This generally pays for legal fees and medical expenses for the injured party.
- High-Value Property. If you own antiques, expensive jewelry or valuable artwork you may want to purchase additional coverage for these items. Let your agent know when you are writing up your policy so that you are adequately protected.
Get Started Today
We are available to assist you 24 hours a day. When shopping around for Utah renter’s insurance, it is always a good idea to contact several different companies. This allows you to compare policies and get quotes so that you can make the best decision when it comes to getting renter’s coverage. Our trained staff can help you do this quickly and easily from the comfort of your home or office. Then you can choose a renter’s insurance policy which meets your personal needs at a price you can afford.
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