Renters Insurance is an often overlooked policy by consumers and agents. It's an easy and affordable way to get coverage for that emergency situation. If you live in a rented apartment, home or condo your landlord's insurance doesn't cover your personal property.
Here are 5 interesting facts about renter's insurance that are true here in NH/MA and throughout the US:
$180 per year (or about $15 Month) is the Average Cost of Renter's Insurance in the US
(It's cheaper here- in NH and MA we see most renter's policies go for about $125- $150)
Package with Auto And Save- In NH and MA many car insurers ALSO offer renter's insurance. Packaging a renters policy with your NH auto insurance will reduce your car insurance costs too. Often the DISCOUNT on the car insurance can pay 50% or more of the renter's policy cost.
Renter's Insurance Covers your stuff AND much more! Yes, renters insurance will cover your flat screen TV and your laptop computer. But did you know it can provide liability protection as well (if someone gets injured at your rented house and wants to sue you- a renter's policy will offer you protection.) Plus some large apartment complexes like Clock Tower Place in Nashua require renters insurance.
College Students Need it too! College students living off campus in an apartment or house are not covered by their school. Also, if students are sharing a house with roommates they can often buy a renters policy together.
Renter's Insurance Policies in NH and MA can Cover High Value Items- Yes, just like a homeowner a renter can buy coverage for engagement rings, fine art, camera equipment and even musical instruments. In the insurance world this is called scheduling- which provides specific and BETTER coverage for items that are worth more.
If you have questions about renter's insurance -or- if you live in Nashua, Merrimack, Hudson, Hollis or anywhere in southern NH please call us for a quote at 1-603-882-2909.
Click Here for an online NH Renters Insurance quote!
See NAIC Consumer Alert on Renters Insurance
Stephen Donohue is the owner of Atlantic Insurance & Benefit Company a local independent insurance agency serving Hollis, Nashua, Hudson, Merrimack and Southern NH.