 |
| Freeway Insurance Image credit: mynewplace.com |
Just like any other homeowner, renters are also encouraged to purchase renters insurance for their own protection. According to insurance companies, such as Freeway Insurance, renters insurance provides coverage for stolen, damaged, or lost properties. And just like any other type of insurance, the cost of renters insurance depends on several factors, among them are the following:
Amount of coverage. Renters insurance generally includes a personal property coverage that protects items, such as furniture and clothing, against losses or damages. However, valuable items, such as antiques and jewelry, may require additional coverage which will be purchased by the owner.
Location. Insurance costs vary depending on the city and state. They also vary depending on risk factors such as crime and natural or man-made disasters. Insurance companies, such as Freeway Insurance, take into account the neighborhood’s crime rate and how prone it is to flooding, earthquakes, fire, and other natural or man-made disasters.
 |
| Freeway Insurance Image credit: yaffeteam.com |
Security. Renters who live in a house or unit installed with smoke detectors, fire alarms, security systems, and the like may receive discounts from insurance companies. This also applies to homes with a sprinkler system, fire extinguisher, dead bolts, and other things that may protect or save the house from fire or intruders.
 |
| Freeway Insurance Image credit: rentpost.com |
Aside from considering these factors, renters should also ask insurance companies for any discounts that they may avail. This could also help them save a lot of money in paying for renters insurance premium.
Freeway Insurance offers an online quote for those who want to purchase renters insurance. Visit FreewayInsurance.com to learn more.
No comments:
Post a Comment