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Without renters personal liability insurance someone could hurt himself in your home, sue you, and take you for everything you own. Here's how to get cheap renters insurance so that won't happen to you. What is renters insurance? Renters insurance provides financial protection for anyone who rents a home, apartment, mobile home, or condo. It includes three types of coverage: 1. It pays to replace your personal possessions such as clothes, furniture, electronics, and appliances, when they've been damaged by fire, smoke, burst water pipes, vandalism, or acts of nature. 2. It pays for your additional living expenses, such as motel and restaurant bills, when your home's been damaged and you need a temporary place to live. 3. Renters insurance includes personal liability insurance which protects you against liability lawsuits What is renters personal liability insurance? Personal liability insurance pays for court-awarded damages when someone wins a liability lawsuit against you. It covers injury to that person and damage to that person's property, whether the incident happened in your home or happened somewhere else. Lets' say someone slips and falls in your home. If that person sues you, your insurance company will pay for the amount of money the court awards them, plus your court costs and legal fees, up to the amount of your policy's liability coverage. How much renters liability insurance do I need? The amount of liability insurance you need depends on your particular circumstances. Standard renters insurance policies include $100,000 to $300,000 worth of personal liability coverage. If you have a lot of assets, you should purchase enough liability insurance to cover them. Where can I get cheap renters personal liability insurance? In order to get cheap renters insurance, you have to compare rates from various companies. Fortunately, there are insurance comparison website that make comparing rates a piece of cake. Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get cheap renters insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section, and get answers to your questions from an insurance expert by using their online chat service. The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on renters personal liability insurance.
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