We’ve heard lots of renter horror stories. Someone may break-in your apartment and steal valuables or a collapsed ceiling in a rented townhouse may ruin the furniture. Broken water pipes may flood the whole apartment and leave the renter without a place to live. These incidents make renters insurance a necessity wherever you live.
The holiday season is here. And while it’s the season for giving, it’s also the perfect time for renters to add financial protection. That’s because there is nearly a 10% rise in theft during the Christmas season.
Are you wondering whether renters insurance is worth it? Well, unlike other insurance products, renters insurance is a cost-effective way of protecting one’s assets. It provides legal assistance in lawsuits and other medical claims from guests. So before you disregard it, weigh the costs and benefits. There are a lot of benefits that you can take advantage of.
Most renters may not have renters insurance. It’s often because they may not find it necessary or they didn’t have any idea that such a policy exists. Renters insurance covers the damages and loss of your personal property in a rented home. While it is important to know the extent of its coverage, if you’re shopping for renters insurance it would be wise to you learn about its limitations as well.
Velox Insurance, an independent insurance agency with over 32 branch offices throughout the U.S., is now licensed to quote and sell insurance in Alabama and Tennessee. Residents in those states can now obtain multiple insurance quotes from the top insurance carriers directly from the Velox Insurance website. Continue reading
According to the recent studies, only 30 percent of renters in the United States consider purchasing renters insurance. The most common reason people don’t purchase renters insurance is because they think it’s too expensive or they won’t need it.
Unfortunately both of these assumptions are wrong.
Landlords are not liable at for any damages to your furniture or personal belongings and if your stuff is stolen no one will reimburse you for that either. If you’re in the market for renters insurance here are 8 questions you need to ask yourself before signing the contract:
There are a lot of options when it comes to buying insurance. You can visit insurance websites to get quotes online, use a smartphone app, call an 800 number, or contact a local insurance agent. There is no better way to buy insurance than from an independent agent. Of course we’re biased, but there are too many reasons to buy from an independent agent instead of from someone who works directly for an insurance company. Here are 4 of our favorites:
You Don’t Have to Shop Around
Independent insurance agents work with multiple insurance carriers, which means we can run quotes for several different insurance companies at the same time and determine right away where you’ll get the best deal. If you visit individual insurance company websites or call 800 numbers you’ll have a hard time getting more than 3 quotes an hour.
You’ll Get the Best Price
Since independent insurance agencies like Velox work with so many different insurance carriers, it’s easy to find a company that has the most competitive price for your situation. Whether you have a perfectly clean driving record or are high-risk, we’ll find an insurance carrier that wants to have clients like you and is priced accordingly.
You’ll Get the Best Insurance
Because an independent insurance agency has many different carriers to sell insurance through, they have first-hand experience working with many different insurance carriers and if an independent insurance agent has bad experiences with one carrier they’ll stop selling their insurance.
You’ll Get the Truth
Insurance agents who only sell for one insurance company are not in a position to give honest and forthright information to their clients. When a salesperson only has one option to sell you they’ll either be unconsciously biased toward their product or will consciously tell you things that are not true about the insurance company because they have no other options!
If an independent insurance agent makes a recommendation to you about which insurance company is best you can believe them. As an independent agency our loyalty is to customers, not insurance carriers.
If you’ve never worked with an independent insurance agency before don’t be surprised if you never go back. The time and money savings, policy options, and honest advice cannot be beat. See for yourself by giving us a call at 1-866-Go-Velox or click here to locate a trusted independent agency near you today.
A lot of people think of Velox for car insurance but did you know we sell a lot of renters insurance policies also?
That’s right. And we’ve found that there’s a lot of things people don’t understand about renters insurance, for example, it’s a lot more affordable than most people think. There’s 5 questions we hear in all our Velox agency locations throughout Georgia and we figured we’d take some time to answer them all here on the blog.
Tips for Buying Renter’s Insurance
Renting a home, no matter if it is an apartment, condo, or house is a great way to have your own space if you are not quite ready to buy. However, just like owning a house, renting a home comes with large responsibilities, including making sure that all of your personal belongings are protected. Buying renter’s insurance is the best way to protect your assets. There are many reasons that you should invest in a renter’s insurance policy, including:
- It is cheap –renter’s insurance is one of the most affordable insurance policies out there. For under $300 a year, you can get enough coverage for all of your needs. If you bundle your renter’s insurance policy with another policy, such as your auto insurance, you can save even more. The actual cost of your policy depends on many factors, including the cost of your deductible and how much coverage you need.
- It is more cost effective than replacing your belongings – if someone breaks into your house, you will be responsible for everything that is stolen if you do not have renter’s insurance. With a renter’s insurance policy, you will simply have to cover the cost of your deductible to replace everything that went missing.
- It provides more than just personal property coverage – renter’s insurance also provides liability protection, which will cover any medical and lawsuit costs that you may incur if someone is injured while visiting your house.
- It may be tax deductible – if you operate a business out of your rented home, you may be able to deduct a percentage of the dwelling space that you use for business purposes from your taxes.
When looking for the right renter’s insurance policy that will provide the coverage that you deserve for your home, contact the independent insurance professionals at Velox Insurance in Atlanta, Georgia.