Renters Insurance Safeguards Families, Assets
MISSION, KS--(Marketwired - Dec 10, 2013) - (Family Features) There are many reasons people choose to rent over home ownership. Whether saving up for a dream home, you're having difficulty affording one or you simply enjoy commitment-free, hassle-free living, renting certainly has its perks. For those who choose to rent, having adequate protection is a must -- and with advances in the industry, finding the right coverage is easier than ever.
Protecting your assets
For many looking to rent a home or apartment, the thought of renters insurance may seem less important with so many other things to think about. Though not all landlords require it, many do, and for good reason.
"Though you never hope you have to use it, insurance is so valuable to the protection of your family, your belongings, and, overall, your peace of mind," said Kathy McDonald, senior vice president at Assurant Specialty Property. "Many returning to the rental market will be pleased with how the insurance industry has evolved, which makes acquiring the best coverage easier than ever."
Advancements in the industry
The conveniences brought on by computers, tablets and smartphones have greatly improved the services insurance providers now offer. With easy-to-follow websites, apps and customer service chats, one can check the status of a claim 24 hours a day.
Keep a home inventory
To evaluate the amount of coverage you need -- and assist if you ever need to file a claim -- keeping a well-documented list of your possessions is important. A recent survey conducted by the National Association of Insurance Commissioners (NAIC) stated 59 percent of consumers do not have a proper listing of their possessions in the event of a fire, robbery or other loss incident.
"All renters and homeowners should develop a home inventory," said McDonald. "Whether it is electronics, furnishings, collectibles, jewelry or clothing, families need to know what they own and how much it's worth."
In-depth information on renters insurance is available from providers. For information on renters insurance from Assurant, visit www.renterssecurity.com.
Did you know?
Through the simple act of listening to the needs of their customers, insurance companies are finding real solutions to increase customer satisfaction. A recent survey conducted by Assurant Specialty Property revealed that many long-time renters didn't know they could transfer policies from one rental unit to another. Instead of beginning a new policy each time they move, the company advises these renters to simply update their address and they can keep the same policy.
5 things to look for in a rental property
Along with choosing the best renters insurance coverage to fit your needs, there are other things to consider. Before you sign your name on the line, make sure you take into account these five important items to look for when searching for that perfect apartment or rental home.
About Family Features Editorial Syndicate
This and other food and lifestyle content can be found at www.editors.familyfeatures.com. Family Features is a leading provider of free food and lifestyle content for use in print and online publications. Register with no obligation to access a variety of formatted and unformatted features, accompanying photos, and automatically updating Web content solutions.
Contact Information:
Vickie Rocco
vrocco@familyfeatures.com
1-888-824-3337
http://editors.familyfeatures.com