who do you have your renters insuance with? and how much?

[RichieZ]

I'm moving and my new complex requires a min 100K liability renters insurance.

For various reasons I don't want to combine this with my car insurance (going to switch it soon anyways). Looking for:

(1) suggestions of where I can get coverage
(2) understanding of how much it costs

The complex itself recommends www.renters4u.com but I suspect they just get a massive kickback

 

[amdhunter]

I was looking into renters insurance also. I have a ton of electronics and gadgets worth a lot of money...

Does renters insurance cover damage due to accidents or provide warranty insurance? For Example, if I break my TV screen?

EDIT: I am considering renters insurance through Geico.

 

[BoomerD]

We used to have our renter's insurance with our car insurance for the extra discount it got us.

I've never heard of an apartment requiring a tenant to have ANY liability insurance, let along $100K. That's odd to me.

The complex itself should be responsible for liability insurance for anything that happens on its grounds.

What state do you live in?

 

[Special K]

Personal recommendations aren't going to be worth much here because there are so many factors involved in pricing insurance policies that no 2 people will be alike.

Having said that, I use Amica and pay about $10/month for $300k liability coverage, $25k property, $8k loss of use, and replacement cost instead of actual cash value.

 

[RichieZ]

well i guess i might just go with what they rec, seems like its not really worth shopping around

100K liability
10K personal property
2K loss of use
$500 deductible

replacement instead of depreciated cash value

$151.82/yr => $12.65/mo

 

[dennilfloss]

RBC Insurance (Royal Bank of Canada)

Personal Property Coverage: $25,100
Additional Living Expenses : $7530
Liability Coverage: $1,000,000
Sewer & Sump backup: $10,000

 

[BoomerD]

Originally posted by: RichieZ
well i guess i might just go with what they rec, seems like its not really worth shopping around

100K liability
10K personal property
2K loss of use
$500 deductible

replacement instead of depreciated cash value

$151.82/yr => $12.65/mo

Remember, there's much more to insurance than just the premium you have to pay. Check them out on your state's insurance commissioner's site, or any of the other sites that rate insurance companies before you spend your money.

I was surprised to read that this is becoming more and more common. Landlords all over the country are requiring renter's insurance as a means of limiting their liability and reducing their costs. (that part doesn't surprise me...landlords are usually a bunch of cheap pricks anyway)

 

[Rumpltzer]

Originally posted by: BoomerD
We used to have our renter's insurance with our car insurance for the extra discount it got us.

I've never heard of an apartment requiring a tenant to have ANY liability insurance, let along $100K. That's odd to me.

The complex itself should be responsible for liability insurance for anything that happens on its grounds.

What state do you live in?

My friend has to have renters insurance at the semi-fancy apartment complex she stays in. She accepted the insurance that they suggested instead of getting her own because (1) she's lazy, and (2) they rolled it into her rent.

We live in California.

 

[Safeway]

I had a $25,000 personal property policy through State Farm that covered flood, fire, theft, et. al. Payed something like $144 for a year of coverage!

I cashed in once, and received a $4329.99 check for a stolen bicycle. I had pictures of everything in my apartment, and for expensive items, multiple shots.

 

[RichieZ]

Originally posted by: BoomerD

Originally posted by: RichieZ
well i guess i might just go with what they rec, seems like its not really worth shopping around

100K liability
10K personal property
2K loss of use
$500 deductible

replacement instead of depreciated cash value

$151.82/yr => $12.65/mo

Remember, there's much more to insurance than just the premium you have to pay. Check them out on your state's insurance commissioner's site, or any of the other sites that rate insurance companies before you spend your money.

I was surprised to read that this is becoming more and more common. Landlords all over the country are requiring renter's insurance as a means of limiting their liability and reducing their costs. (that part doesn't surprise me...landlords are usually a bunch of cheap pricks anyway)

well the coverage is actually provided by farmers insurance, not some no name insurance company as you and i suspected.

i'm lazy, i think i'll just sign-up unless somebody says this is an awful price etc.

 

[IEC]

If the value of my possessions goes past the $1k mark I might consider it.

 

[Skeeedunt]

I think 10k property is a bit lower than what most people get (min Allstate lets you do is 20K or so), and might be a little overprice at $150/year, but nothing outrageous. I'm paying $180, but I've seen people get much better deals. Probably has a lot to do with where you live as well.

 

[tboo]

USAA for about $10.00 a month