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Where can I learn about landlord insurance?
Landlord insurance can be very cheap depending on the amount of property and specifics covered. There are websites that can provide more than one quote for landlord insurance.
Where can I find the average price for renters insurance?
You can find the average price for renters insurance at www.averagecostinsurance.com. For your information according to the Insurance Information Institute, a renters insurance cost would be somewhere around $150 to $300 per year of coverage, and prices may vary depending on the amount of deductible and additional policies you would like to take.
What insurance will cover you for damage to your expensive block driveway for the sudden and accidental spillage of a large amount of oil on your new driveway?
homeowners insurance or renters insurance
In Florida what is the average price for renters insurance?
The cost for renters insurance in Florida starts at as little as $10 per month, but depends on the amount of coverage, the type of property you are renting and other factors. You can check with companies like apartmentinsurance.com for a quote.
What Types of insurance important for a household?
Renters need rental insurance (the landlord does not insure renters' personal property such as furniture). Homeowners need property insurance. Some homeowners also take out life insurance in an amount sufficient to pay the mortgage in the event of the death(s) of the wage earner(s). Everyone who isn't eligible for Medicaid/CHIP needs health insurance, at least catastrophic coverage. Fortunately, health insurance reform will make this possible in the next few years. Each wage-earning parent needs enough life insurance to ensure that their child[ren] will be taken care of, including college if that's a possibility.
Can you share renters insurance with your roommates?
Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance. As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy. If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location). Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.
What are some factors that influence the cost of an insurance policy for renters from State Farm?
Factors that influence the cost for State Farm renters are amount and types of coverage purchased. Another factor that influences it is the deductible that is selected.
Where can one purchase cheap landlord insurance?
Cheap is not easy to define, however, getting several insurance quotes will allow you to find the lowest price for landlord insurance. Quotes will vary depending on factors such as location, amount of coverage, and crime rate in the local area.
Is getting renters insurance for your dormitory a good investment?
Renters insurance generally covers the contents of the dwelling. The structure is covered by the owner (in your case, the college or university). Therefore, whether renters insurance is a good investment depends upon what you stand to lose upon the happening OS a covered event. That is, you have to assess what you keep in the dorm, its value, and weigh that against the annual cost of the insurance (the premium). If you are on the edge of it being financially worthwhile, you can generally increase the deductible which will usually reduce the premium. Keep in mind, though, that the deductible is the amount that you have to pay out of pocket toward the loss before the insurance coverage is triggered. Therefore, make sure that you can absorb that amount.
How much deposit can you charge a renter?
All 50 states allow renters to be charged a security deposit when renting. The amount is left up to the discretion of the landlord, but typically it is equal to the first month's rent.
Does every rental property involve a rental property tax?
In the U.S., property taxes are generally paid by property owners. Renters generally pay a fixed monthly amount to the landlord/proprietor with no tax added.
my landlord has given me notice to get rental insurance which is fine but he has set the amount of $3000 is that legal?
It is if you agreed to it in a contract. Otherwise the rental insurance is based on the value of what you own not the building you are renting.
