(Closed) Renters Insurance

posted 6 years ago in Home
Post # 3
Hostess
16213 posts
Honey Beekeeper

I think State Farm is running the special where if you add your renters’ insurance to something like car insurance, you can get renters’ for about $4 a month or something? I’m not sure what their price is if you don’t have any other insurance with them.

Who do you use for car insurance? Have you checked what it would cost to add there?

Post # 4
Member
2095 posts
Buzzing bee
  • Wedding: September 2011

We have state farm for our auto and they just tacked it on and gave a multiline discount ;). We are insured for up to 50k and it is 12 or 13 a month. Well worth it should anything happen!

Post # 5
Member
5479 posts
Bee Keeper
  • Wedding: August 2012

Renters ins is pretty cheap.  My FSIL’s apartment building burned to the ground last year just before the holidays and there were at least 2 families that didn’t have insurance.  They literally lost EVERYTHING they owned that they weren’t wearing when they escaped the building.  Fortunately, Future Sister-In-Law had insurance and got a huge check to replace her items.  Even though many things were irreplaceable, it sure did help her to have money to buy new furniture, clothes, toiletries, books, etc.  I definitely think it’s worth the investment just in case, (God forbid), something were to happen.

Post # 6
Member
5296 posts
Bee Keeper
  • Wedding: January 1993

@Mrs.Mittens:  meet with a couple agents – we just got ours and went with American Family.

We met with them, State Farm, and ended up cancelling our meeting with Allstate. The person we talked to at State Farm just completely turned us off. She misspelled my last name (same as DH’s) by one letter and then assumed we weren’t married – just very oblivious.

She gave us our quote in about 5 minutes and just immediately tried to get us to sign up. The people at American were personable, friendly (it was a father/son) and we just knew that if something happened, we’d much rather deal with them. I do think Allstate would have been the cheapest though.

So I really suggest meeting with a couple and seeing what you think!

ETA: renter’s was very cheap – added to the car insurance, I want to say it was $100 for six months? Maybe less.

Post # 7
Member
2999 posts
Sugar bee
  • Wedding: May 2013

Renters runs pretty cheap. Find an independant agent in your area and let them run a quote for you, too. They’ll be able to quote you with a few different companies to make sure you’re getting the best price for the coverage.

Post # 8
Member
674 posts
Busy bee

Definitely get it. It’s so cheap compared to the cost of basically replacing everything you could lose. If you think about what can be lost, it’s not just an expensive tv or video game system, it’s every piece of clothing item you own if there’s a fire or water damage. I thought it was no big deal since I don’t buy expensive clothes, but I realized that the cost of replacing what I have collected over the years would be huge and far more than I could afford. The tupperware may have been a collection half swiped from my mom when I first moved out and half collected from Chinese takeout down the street, but having to go buy a brand new set to start over? Suddenly, all those little things that we take advantage of add up if you have to buy them all at once.

I had mine through Farmer’s, but I never had to make a claim, so I can’t give you much advice.

Post # 9
Member
12973 posts
Honey Beekeeper
  • Wedding: November 1999

We have ours through Traveler’s (Geico) and it’s like $125 year.  We opted for higher coverage because we have a ton of electronics and valuables that we wanted to be sure were protected. 

Post # 10
Member
5296 posts
Bee Keeper
  • Wedding: January 1993

oh, and be sure to add your rings as a rider! Typically, they only cover jewelry up to $1500.

Post # 11
Member
5977 posts
Bee Keeper

Who do you have your car insurance with? Do you have your ring insured? If so…doing it with the same company will give you a multipolicy discount like PPs said!

Just a quick story if you’re considering NOT getting it. My younger brother moved into a brand new apartment complex…he was literally the first person to live in the apartment. He came home one day to find that a pipe in his ceiling burst and his entire living room was totally flooded. He lost almost everything…but was at least compensated for it b/c he had renters’ insurance. So it just goes to show you that even in brand new apartments, things can go wrong!

Post # 12
Member
4824 posts
Honey bee

The cost will depend largely on the cost of stuff in your house (IE electronics & jewelry) because you have to tell them how much coverage you want. And we have to have earthquake insurance added due to our SF area location.

But it is definately worth it and affordable especially if you go with your car insurance provider you will likely get a better rate.

We have USAA for car and renters.

Post # 13
Member
5075 posts
Bee Keeper
  • Wedding: October 2012

whichever company you go with. .

keep records of all your stuff.  Take pics, movies (go from room to room), write down serial numbers and descriptions for theft prone items (TVs, etc).  Keep them someplace other than your residence – if there’s a fire the records will go up in flames.

If you were to come home and find that a thief had cleaned you out – will you remember what was on your kitchen table or nightstand?    You’ll need things to jog your memory, and your insurance company will appreciate it as well     

also – make sure you have additional living expenses coverage – it will cover the extra costs of having to live somewhere else (hotel fees, laundromats, eating out more, child care, etc) if you residence is uninhabitable due to a covered loss.  

Post # 15
Member
680 posts
Busy bee
  • Wedding: February 2012

Definitely get it! I used Assurant when I lived in an apartment, it was pretty cheap from what I remember. And it was a good thing I had it too! A tornado took down my apartment building so anything I had to replace and costs for lodging while I was waiting to be placed in another apartment was covered. So yeah totally worth getting it! Looking back though, I’d check first with who you insure your car with. 🙂

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