by: Dan The Roommate Man
If you are moving into an apartment you may want to consider investing in insurance. Along with the first month's rent, chances are you will be asked to pay a security deposit. This is a type of insurance for your landlord. The landlord can use this deposit to pay for any damages caused during your residency. For you, security comes in the form of renter's insurance.
Most renters use the homeowner's form of insurance known as the HO4 policy. This policy will typically cover furniture, clothing, and most personal property in the event of fire or smoke, lightning, vandalism, theft, explosion, windstorm, or water damage from plumbing. In most cases, the insurance company will take your word for what you think your property is worth. However, if you're wanting to insure your jewelry, art pieces or other collected items, you might need to pay extra for what's called a "Scheduled Personal Property Endorsement." For this type of coverage, the insurance company will send out an appraiser. An appraiser will also be sent out to your property in the event that your insured items have been damaged.
For a little extra, most insurance companies will cover your things on a replacement-cost basis. For example, if your old microwave is only worth fifty dollars, but it would cost one hundred and fifty to replace it, the company will insure that microwave for a hundred and fifty dollars. That way, in the event of an actual disaster, or if your property is damaged and your insurance company is going to cover it, you won't be reimbursed for a ten year old refrigerator or a five year old couch, but for what it will cost to replace them.
The HO4 policy also pays any necessary additional living expenses you are forced to make due to a natural disaster or in case your apartment asks you to move out for a short period of time while they remodel, fumigate, etc. If your apartment building is hit by a tornado, it's going to take more than a couple of days to rebuild your complex. Eating every meal out and living in a motel can add up quickly. By investing in this policy, you won't have to worry about these expenses.
Renter's insurance is typically priced around $200/yr for $30K worth of coverage and $100K worth of liability. However, the cost for renter's insurance may vary depending on several factors. For example, you will pay a lower premium if you're next door to the fire department than if you're two miles away. If you are in a high crime area, your premium will be considerably more than someone living in a picture book neighborhood. In older apartments without up-to-date wiring, the premium will be a bit higher. For complete details, contact your local insurance company.
About The Author
Since 1989 Dan The Roommate Man has helped 1000's of people find roommates. Need help? Contact him at 800-487-8050 or www.roommateexpress.com
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Life Insurance vs Life Assurance
Life Insurance vs Life Assurance
by: Joseph Kenny
People spend a lot of money on complicated financial products and it is sometimes difficult to keep track of what products perform what tasks. Many people are not aware of all the financial products that are available or they only know of them vaguely. They may not know how much they cost or the potential benefits they offer. How can consumers make informed decisions on what products they would be willing to buy if they do not have this basic information? This problem can often lead to consumers buying unsuitable of overpriced products simply because they feel they should have some financial protections available but don?t have the details to make an informed choice.
One of the common questions many consumers have is regarding the difference between insurance policies and assurance policies. Put simply, insurance policies cover the costs of an event that might happen while assurance policies...
Life Insurance vs Life Assurance
Insurance > Life Insurance vs Life Assurance
5 Ways Poor Credit Scores Costs You Extra Money
5 Ways Poor Credit Scores Costs You Extra Money
by: Jeanette Joy Fisher
Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home. But, beyond these consumer loans, your credit report can cost you in everyday living expenses. What you don't know about your credit could be costing you money.
Having a credit card means that you can order tickets, rent a car, and reserve hotel rooms. Besides these conveniences, your credit report can mean that you must pay higher deposits and fees for everyday services.
Did you know that your credit history can keep you from getting utility connections, good telephone rates, the best auto insurance, home owner's insurance, or even keep you from getting hired?
1. Some utility companies set minimum standards for service connections. If your report shows collection accounts for prior utility bills, you may not be eligible for service at all. And if utility...
5 Ways Poor Credit Scores Costs You Extra Money
Insurance > 5 Ways Poor Credit Scores Costs You Extra Money
The Top 8 Ways to Save a Ton of Money on Your Auto Insurance
The Top 8 Ways to Save a Ton of Money on Your Auto Insurance
by: Matthew Keith
We all hate doing it, but it's something that we all must do at one time or another... the wonderful task of shopping for car insurance quotes!
Since there's no avoiding it, you might as well learn a few ways you can save money in the process. Here is a compilation of the top tips you can use to make sure you never overpay for your car insurance premiums...
1. Search for quotes regularly - Many people inadvertantly pay the same premium for years without ever shopping around. As your vehicle ages, it depreciates in value. You shouldn't pay the same premium on an older vehicle as you would on a newer one... think about it! It's generally good practice to do a quote search on a yearly basis, but the more often you do it, the better chances you have of getting lower rates.
2. If you have an older vehicle, consider "liability only" insurance - When making...
The Top 8 Ways to Save a Ton of Money on Your Auto Insurance
Insurance > The Top 8 Ways to Save a Ton of Money on Your Auto Insurance
Whole Life Insurance Explanation
Whole Life Insurance Explanation
by: Donald Lusan
A whole life insurance explanation should be required reading for anyone about to purchase life insurance. Whole life, in my humble opinion, has in recent years got a bad rap. People tend to buy term life insurance because it is cheaper. Although I believe that a good term insurance can take care of the insurance needs of most people, a good whole life insurance policy is worth looking at.
Guaranteed Death Benefit
The death benefit of a whole life insurance policy is guaranteed to stay level for the duration of the policy. If you think about it, that means a lifetime. That type of guarantee cannot be sneezed at. The premiums of your whole life insurance policy is also guaranteed never to increase. This is also a very important feature. The policy can never be cancelled by the insurance company.
Cash Value Accumulation
A whole life insurance policy has cash values, that cash...
Whole Life Insurance Explanation
Insurance > Whole Life Insurance Explanation
Where To Find Cheap Health Insurance
Where To Find Cheap Health Insurance
by: Bob Hett
Health insurance costs are rising all the time. Many people feel they cannot afford health insurance. Others feel that they don?t need it because they are healthy and have never had any major medical problems. This is definitely faulty thinking on their part. As a matter of fact, you do need health insurance, and there are a lot of ways to get affordable health insurance for yourself or your family. Health insurance is protection against the possible health problems that could happen in the future, and you have absolutely no way of knowing what those might be.
For people who are low income, every state has a Medicaid program that they could possible qualify for. The requirements vary form state to state, but all it takes is a trip to your local Division of Family Services office to get an application. You might be surprised at the number of people who would actually qualify for this service that...
Where To Find Cheap Health Insurance
Insurance > Where To Find Cheap Health Insurance
Keeping A Healthy Weight
Keeping A Healthy Weight
by: Joseph Kenny
These days, more and more people are placing importance on keeping physically healthy. This can be seen by the amount of people who are joining gyms and sports clubs, going on diets, and spending on private health insurance. One of the biggest areas of concern in this area for women is keeping a healthy weight, this is because it not only effects their overall level of physical health, but is also recognised as playing an important role in mental and emotional well being, and self perception as well.
Most people know that being both over weight and under weight are not good for you, but health is about far more than just body weight. Things such as your family medical history, your genetic predispositions, how much you drink or smoke, what type of food you eat and how much exercise you get all have a major impact on health. There really is no ideal weight therefore that you should be seeking on purely...
Keeping A Healthy Weight
Insurance > Keeping A Healthy Weight
Save Money On Young Driver Car Insurance
Save Money On Young Driver Car Insurance
by: Katy Lassetter
A study recently released has revealed that the average driver in Britain will be involved in a car accident every six and a half years.
When balanced out, that equates to every individual being the victim of nine accidents during their life. It seems a truly staggering statistic, and one that most people are unlikely to walk away from without suffering an injury at some point.
Even if you manage to avoid damaging yourself in all nine accidents, the likelihood is that your car will come off slightly less healthily. And that?s why there?s such a need for proper car insurance cover.
The Government have announced that they want to cut the number of car accidents by 40% by 2010, a big target but one that they feel is achievable. With driving tests becoming stricter, it is the young drivers of Britain who are being tasked with realising the objective; after all, they are the...
Save Money On Young Driver Car Insurance
Insurance > Save Money On Young Driver Car Insurance
Insurance Providers Weather The Storm While Consumers? Claims Flounder
Insurance Providers Weather The Storm While Consumers? Claims Flounder
by: Richard Green
We have just had the first year?s anniversary of the flash flooding which occurred at Boscastle in Cornwall.
The floods saw some of the worst damage wrought by sudden rainfall in the UK for many years.
The flood was caused by the remains of a hurricane which crossed the Atlantic, collecting vast amounts of water crossing, and was then pushed high above an area inland of the village depositing around 1,500m litres (330m gallons) of water within two hours.
At the time insurance companies were estimating the bill for commercial damage to local businesses, would be as high as ?15m.
There is perhaps some comfort for insurers in that it could have been worse. Hurricane Charley, which hit Florida around the same time, cost over an estimated ?6bn.
In August this year, just a week after Birmingham was battered by a tornado, residents...
Insurance Providers Weather The Storm While Consumers? Claims Flounder
Insurance > Insurance Providers Weather The Storm While Consumers? Claims Flounder
Insurance
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