When purchasing a renters insurance policy for a stay less than six months long, do not assume you can simply cancel a renters insurance policy with a one - year term without penalty.
While preparations like fire alarms and extra locks can go a long way in preventing losses, you will also want to
purchase renters insurance in case of a disaster.
According to a recent survey, 61 percent of 18 - 29 year olds do
n't purchase renters insurance because they think that they live in a secure property.
Many people may not have considered
purchasing a renters insurance plan because they feel as though the homeowners coverage owned by their landlord will be enough to meet their needs.
When
purchasing renters insurance coverage, it is definitely crucial to understand the multiple online renters insurance quotes available before you just elect to go with the cheapest policy offered.
Because many of the people
who purchase renters insurance are new to having coverage, we frequently get calls after a newly insured person has received their policy documents in the mail or electronically.
With these kinds of statistics in mind, you should understand that
purchasing renters insurance on your home, townhouse, or condominium will take you out of that statistical set.
The mobility of renters presents an additional challenge, in that many millennials
only purchase renters insurance for the time they're required to have it while they live at a given property.
More and more, rental communities are requiring tenants to
purchase renters insurance − and some apartment complexes are even partnering with insurance companies to offer coverage.
Because many of the people
who purchase renters insurance are new to having coverage, we frequently get calls after a newly insured person has received their policy documents in the mail or electronically.