Why is Renters Insurance Good for Tenants and Landlords
What is Renters Insurance?
Many of you are familiar with homeowners insurance, which is coverage that people buy to protect the home they own. You may think that renters, who do not actually own the building or property, do not need any coverage. But I believe that a renters insurance policy is good for both tenants and renters.
So why do I, on a frugal living website, believe that it is worth it to pick up another bill?
Renters policies are usually pretty cheap. Since they do not actually cover the building or property, these policies do not cost all that much. You may be able to find adequate coverage for $20 a month!
Contents Insurance
These policies provide home contents insurance. In other words, the personal property of the renter will be covered in case of loss or damage. In some cases, they will even cover that property if it is taken from the home. For instance, a laptop may be taken out on business, but could still be protected against loss, theft, or damage.
Relocation Money
Policies can provide relocation insurance in case damage forces the tenant to evacuate. An example would be the money to pay for a hotel room for 30 days (or whatever is specified in the policy) until repairs are made or another home can be found.
Liability Protection
Policies may also provide liability insurance. If a visitor claims injury or damage in a home, the tenant will be covered.
You can also see why this coverage would be good for landlords. The renter will have this coverage to turn to rather than trying to sue the owner for damages.
Find Renters Insurance Quotes Online
You can get quotes for renters insurance with fast, safe, and free online forms that pull competitive rates and policies in your local area.
Many landlords require renters insurance these days, but I really believe this coverage is good for the tenant too!
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Got an Insurance Company Complaint?
Resolve Insurance Company Complaints
If you have a complaint with the way that your insurer settled your claim, I would like to suggest the steps you should take to try to resolve it. These steps can be very effective, and you should not just shrug off a problem with your insurance company. After all, you are paying your premiums every month to be covered. Even if you do not end up getting every claim paid the way you think it should be paid, at least you will understand why your insurer handled it the way they did.
- Call your insurer or insurance agent first! I cannot tell you how many problems are resolved by a simple call to your insurance company representative or insurance agent. Many proplems are caused by clerical errors or mistakes in filling out forms. This may take a bit of patience, but it is absolutely the first thing you should do. Even if it does not fix the problem, this step will help you understand why your company handled the claim the way they did.
- Call your state insurance department. You state regulates insurers who do business in your state, and the insurance department is there to protect consumers. They will look into your complaint,, and give you direction to take further action. Go here: All 50 State Insurance Departments
- Contact a lawyer. many lawyers will give you a free initial consultation. They will tell you if you have a legitimate case, and if it is worth it to pursue the matter more.
If you are not happy with your current insurer, you are free to shop around. Compare insurance quotes with a fast, safe, and free online insurance quote form! You may also be eligable for cheaper insurance, and here is a good way to find discount insurers.
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Finding Family Health Insurance Yourself
I am back with another article about insurance, but that is because I have some background in the subject. And even though the economy is all the news, people are still having problems finding affordable health insurance to cover their families in case of a major illness or accident. This is especially true for self employed people, or those with a job that does not provide health benefits. However, even people who are lucky enough to get health insurance from their jobs find that premiums are increasing, and their coverage limits are plunging, which all means these people have to carry a higher burden when they seek medical services.
PPO, HSA, or Something Else?
So I want to help people choose the best health plan for their families. The article linked to in the previous statement covers the essential definitions of PPO, HSA, HMO, indemnity, and mini med health plans. If you have a choice between health plans, you will find that the best choice depends upon your own budget, habits, and expectations. For instance, disciplined savers who like to control their health spending will want to look at Health Savings Account (HSA) compatible plans. Those who want something easier to manage may be happier with an HMO or PPO plan.
Of course, most of you want to know how much it all costs. Find the best individual health insurance for your family with fast and free quotes from your area.
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Find Auto Insurance Discounts
I cannot help you pay your rising gas bills or grocery tabs, but I might be able to help you shave another bill that may be causing budget strain! Car insurance is very competitive these days, and you should be looking around for the best rates from top companies that are available in your town or city. In other words, every so often, you owe it to your budget to do some car insurance shopping.
NEW WEBSITE DISCOUNT INSURANCE
See, your premiums will depend upon many factors, but the company you use is a big one. Other factors that different insurers consider are age, driving history, zip code, and even the type of car. Additional consideration is given to defensive driving class, safety features and anti-theft devices, and even a consumer credit report.
You need to find the company that gives the best discounts for the things you already have in your favor. For instance, you could have a great driving history with long years of ticket free and accident free driving. But a lower credit score can still keep some companies from giving you the best rate! You need to find an insurer who does not consider credit, and which gives more credit for a good driving history. Of course, if your credit report is great, but you have had a couple of claims in the last few years, you would want to look for a company that will forgive accidents, but looks at credit reports!
Another popular discount comes from combining multiple policies with one insurer. If you have more than one driver in your household, or you also need home insurance, be sure to get quotes for everything you need. One insurer may be 10% higher on their auto premium, but give you a 30% discount on your home insurance when it is combined with another policy!
You cannot always assume the popular discount insurers will be the cheapest ones for you! Some of them do not insure homes, for instance, and a multiple policy discount may actually work out better for your family.
If you are shopping for a new car, be sure and consider the cost of your premiums in your new budget. Sometimes a newer and safer car will actually be cheaper to insure than an older model. However, a high horsepower car will almost certainly get assigned a higher premium rate than a nice, sedate sedan.
If you are not purchasing a new car, but just want to keep your rates lower, you may want to find out if you can do anything to earn a discount from insurers. For instance, driver’s safety courses are inexpensive and do not take that much time. And yet, a few hours spent in a course can save you hundreds of dollars in premiums every year.
These extra steps are particularly important if you need to insure a younger driver, or a driver who has had some claims in the last few years. A 10% to 20% discount may not seem like much if your premium is only $50 a month. But a more challenged driver, with a $200 a month driver can save almost $500 a year by finding a 20% discount!
Keep in mind, that the discounts keep adding up. For instance, some safety features are worth a 30% discount, and a driver safety course may shave off another 10%, and so you have actually saved 40%!
If your family insurance adds up to a few hundred dollars every month, this is worth looking into. A $300 a month premium for auto and home policies could be reduced to $180! That $120 in savings, spread over a year, is over $1400. So you can see that a little time spent doing some car insurance shopping can certainly pay off for you!
We have helped thousands of people save hudreds of dollars on their car insurance bills. Use the best car insurance quotes to compare rates and plans in your area.
We want you to find the best car insurance for your family!
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Cheap Health Insurance — Oxymoron?
Can You Pinch Pennies On Health Insurance?
Well, if you live in the US, and need to obtain an individual health insurance policy, it make seem impossible to find cheep health insurance. In fact, this website calls it cheep health insurance! But we actually have some very valid tips. First, look at the deductible. Raising the deductible is one of the surest ways to reduce the premium. The difference between a $1k yearly deductible and a $5k deductible can be hundreds of dollars a year. An HSA account, which allows you to earn interest in a savings account that can be used to meet the deductble and copays, and which also has tax advantages, can be a great step towards frugal health insurance!
Learn more about how to find the best individual health insurance for you and your family. If you are confused about the different types of health insurance, look at a comparison between HSA and PPO and HMO Medical Plans.
If you run a small business, you may need to decide how you are going to obtain medical coverage for yourself, your family, and your employees. Look at Small Business Health Insurance for a comparison between group vs. individual for small companies.
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