landlords are not liable for virtually. last place i was at , they said "get this insurance. last year, our maintenance crew caused a flood in a few apartments that caused thousands of dollars im damaged". great reassurance! thanks! the people who had insurance (~15$/mo) were good - the ones who didnt got effed
That sucks that happened, but it's....effed that the landlord didn't cover the cost, they are obviously to blame.
They should have paid for it out of their insurance.
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
- 0
Which neighborhood are you in? I am in Austin and get $25k of coverage with a $250 deductible for ~$100/year.
I think it's worth it for being so inexpensive.
idiotekniQues
Platinum Member
- Jan 4, 2007
- 2,572
- 0
- 76
There are probably other details to it, but I'm paying $115 for $30k. Maybe it's because of where you live too.
<-State Farm.
The more people you share a building with, the greater your chances of one or more of them being a total moron. A moron who is capable of starting a fire in the most inconceivably stupid way. You live in an apartment long enough, and you'll encounter one. Been there.
My experience was that smoke travels real well from unit to unit through pipes and conduit. Your apartment doesn't have to get touched by flame, heavy smoke damage can ruin every piece of clothing/fabric/furniture you own.
And maybe the most important reason to be insured, you need the liability protection, in case you happen to be the moron who accidentally burns the building down.
My experience was that smoke travels real well from unit to unit through pipes and conduit. Your apartment doesn't have to get touched by flame, heavy smoke damage can ruin every piece of clothing/fabric/furniture you own.
And maybe the most important reason to be insured, you need the liability protection, in case you happen to be the moron who accidentally burns the building down.
Jeff7
Lifer
- Jan 4, 2001
- 41,596
- 20
- 81
I don't have it, but I'm kind of thinking about it now. You can probably figure out why. 
Though a majority of the items of value here were gifts from my grandfather.
My PC and my car are the most valuable things I own, by far, and even they keep losing value. The PC is over a year old, and it was midrange when I bought it. The car is 11 years old, with almost 100k miles on it, though it still runs just fine.
I already have car insurance through State Farm. Maybe they'll give a discount if I get renter's insurance through them. I suppose I'll have to look into that.
More expenses. Yay.
Medical insurance, car insurance, and now renter's insurance: I've never needed to use any of them, at least as long as I've been paying for them (about 8 years now). Oh well. I guess it's kind of better that way.
Wow, I love some of the questions at State Farm for the application process:
- Has any applicant been convicted of arson, fraud or other insurance related offenses?
Kind of like when I was applying for a retail job. Most of the application process seemed meant to ensure that I wouldn't try to assault any employees or customers with a toaster, and then slice them up and stash them in the meat freezer. The questions about actual work ethics and employability seemed secondary.
.......And it looks like I'll need my landlord's help in this.
1) I don't know the year the building was constructed. It was before 1964 though - I found a newspaper from the 60's under one of the carpets.
2) Is any business other than child care conducted on the residence premises?
- Well......sort of. The entire structure houses the apartment and the store. However, the store was kind of built around the house. For example, under the stairway, there is a storage room, with a window. That window leads to one of the walls of the store. The construction seems to have been done either hastily, or else it was somewhat haphazard. The upstairs bedroom has a window, but it's been walled in as well.
So does that count as being "on the premises" or not? The only way for me to get to the store part of the building is to go in through the store's front door.
"Residence premises" are defined as:
The described premises shown in the Declarations and other structures and grounds which are reserved for your exclusive use and occupancy.
So I guess that'd be "no," since the business is run in another part of the building.
Based on all that, I'm looking at $111/yr. Their "estimate" for just two rooms of "economy" stuff was over $22k. :Q
Though a majority of the items of value here were gifts from my grandfather.
My PC and my car are the most valuable things I own, by far, and even they keep losing value. The PC is over a year old, and it was midrange when I bought it. The car is 11 years old, with almost 100k miles on it, though it still runs just fine.
I already have car insurance through State Farm. Maybe they'll give a discount if I get renter's insurance through them. I suppose I'll have to look into that.
More expenses. Yay.
Medical insurance, car insurance, and now renter's insurance: I've never needed to use any of them, at least as long as I've been paying for them (about 8 years now). Oh well. I guess it's kind of better that way.
Wow, I love some of the questions at State Farm for the application process:
- Has any applicant been convicted of arson, fraud or other insurance related offenses?
Kind of like when I was applying for a retail job. Most of the application process seemed meant to ensure that I wouldn't try to assault any employees or customers with a toaster, and then slice them up and stash them in the meat freezer. The questions about actual work ethics and employability seemed secondary.
.......And it looks like I'll need my landlord's help in this.
1) I don't know the year the building was constructed. It was before 1964 though - I found a newspaper from the 60's under one of the carpets.
2) Is any business other than child care conducted on the residence premises?
- Well......sort of. The entire structure houses the apartment and the store. However, the store was kind of built around the house. For example, under the stairway, there is a storage room, with a window. That window leads to one of the walls of the store. The construction seems to have been done either hastily, or else it was somewhat haphazard. The upstairs bedroom has a window, but it's been walled in as well.
So does that count as being "on the premises" or not? The only way for me to get to the store part of the building is to go in through the store's front door.
"Residence premises" are defined as:
The described premises shown in the Declarations and other structures and grounds which are reserved for your exclusive use and occupancy.
So I guess that'd be "no," since the business is run in another part of the building.
Based on all that, I'm looking at $111/yr. Their "estimate" for just two rooms of "economy" stuff was over $22k. :Q
Bignate603
Lifer
- Sep 5, 2000
- 13,897
- 1
- 0
Geico does their renter's through Travler's, I've had a great experience so far with them. The base renter's policy covers general liability, so if you're found liable for anything except something that would be covered by a normal automotive policy the renter's policy covers it. You can even get a rider for a few bucks a month to cover identity theft too. Well worth it.
Jeff7
Lifer
- Jan 4, 2001
- 41,596
- 20
- 81
I know. I just entered in that I had "economy" items - the other choices were "standard" or "luxury," and then two rooms. It spit out $22.5k as the coverage amount. Yes, the woodworking stuff upstairs is worth a fair amount, but some of that, you don't just haul out the window. Some of it is pretty bulky, and damn heavy without spending time to disassemble it.
And it's not exactly high-resale stuff.
I doubt you'd find many guys dealing in stolen hardwood blocks, or mini-lathes.
But some stuff would certainly catch a thief's eye. 22" LCD with an ultra-reflective screen - yeah, that'd definitely draw attention, and it's not exactly cheap. (I really wish new LCDs didn't come with those mirror-grade screen cover sheets, permanently installed. CRTs aren't even that reflective.)
I do have a burglar defense system though: The apartment is such a mess of junk and electromechanical this-and-that, one wrong step would probably be fatal.
Renters Insurance is important to have and really affordable. Depending on where you live, you can have nice coverage for $10-$12 per month.
It's important to tell your insurance agent if you have expensive jewelry to get special coverage... you will probably need to provide an appraisal also.
It's important to tell your insurance agent if you have expensive jewelry to get special coverage... you will probably need to provide an appraisal also.
Quick question: If you get, for example, $10,000 of coverage, does that mean they would give you $10,000 if everything in your apartment was destroyed, or would you have to go through every single thing so they can assess the value? How do they verify what you own?
(Yes, I know this is an old thread.)
(Yes, I know this is an old thread.)
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