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When you rent someone's home, their homeowners insurance does not cover your personal possessions or protect you from liability lawsuits. For that, you need home renters insurance. Here's how to get the best renters insurance rates with a top company. Home Renters Insurance If a fire were to gut your home, or a visitor were to hurt themselves then sue you, would you be covered? Not if you don't have home renters insurance. Home renters insurance pays to replace your personal possessions if they're stolen, or if they're damaged by vandalism, fire, smoke, or storms. It also pays for medical bills , property damages, and legal fees if someone hurts themselves in your residence then sues you. And if your residence becomes unlivable due to fire or other causes, it pays for your temporary hotel and restaurant expenses. How Much Renters Insurance Should You Get You want enough renters insurance to cover everything you own, so the first step in deciding how much renters insurance you need is to take an inventory of your possessions. The total value of your possessions is the amount of renters insurance you need. As for personal liability insurance, most people get $300,000 worth of coverage, but you can get more if you have a lot of assets you want to protect from a lawsuit. Getting the Best Renters Insurance Rate The best way to get the best price on anything is to comparison shop, and the same holds true of renters insurance. There are websites where you can get multiple quotes from different companies so you can compare rates and choose the cheapest one. Some of these sites even have insurance experts on call so you can get answers to your renters insurance questions (see like below.) Once you've chosen a company you can check it out at your state's department of insurance website to see how many complaints have been filed against it. To find your state's department of insurance website, do an online search for "(your state's name) department of insurance." To check an insurance company's financial rating go to A.M. Best's website (ambest.com), or Standard and Poor's website (standardandpoors.com). Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get home renters insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section. The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on home renters insurance.
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