We work with most of the major insurance companies who offer renter’s insurance coverage to Nevada residents. Our knowledgeable agents can assist you in finding a comprehensive policy at a reasonable price. You can easily and safely compare policies and get quotes from several different insurance firms and then choose the coverage that best fits your needs and budget.
The Basics of Renters Insurance
Buying renter’s insurance can sometimes seem like an impossible task. How much do I need? What will it cost? What’s covered and what isn’t? The truth is that a renter’s insurance policy works in much the same way as an automobile insurance policy. You decide on a coverage level and a deductible amount and then, in most cases, you make monthly payments to your insurance carrier. If your personal possessions are ever lost, stolen or damaged due to theft, fire, water damage, or certain weather-related situations, the insurance company will pay you to replace the items once you have paid the deductible.
A typical renter’s insurance policy also includes liability coverage. This protects you in the event that a visitor is injured in your home and sues you for damages. Many people don’t give much thought to this situation but unfortunately accidents do happen. Without the proper liability coverage, your income, savings, personal property, and even future wages could be at risk if you are found liable in a court of law.
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.
A renter’s insurance policy generally will cost between $200 and $300 annually. When you consider that most people spend more than this on gourmet coffee every year, renter’s insurance seems like a really 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 and carry renter’s insurance.
Ways to Save on Your Nevada Renters Insurance
There are additional ways you can save on the cost of your annual premium:
- If you are comfortable having a higher deductible, choose this option. This means you will pay more upfront in case of loss or damage but it will keep the price of your renter’s policy lower.
- Most insurance companies offer discounts for bundling policies. If you have all of your policies (renter’s, life, and car) with the same company, you should receive a nice discount.
- Non-smokers generally have lower rates for renter’s insurance.
- If your apartment or rental home has deadbolt locks, a security system, and smoke detectors, these safety features can bring down the cost of your annual premium.
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 Nevada 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.