Renters Insurance Guidelines – What You Should Know

March 31st, 2009

By Brian Stevens

Renters insurance can be confusing, and costly, if you don’t understand it. Here are renters insurance guidelines that will explain renters insurance in simple terms and show you how to get the best rate.

Renters Insurance

Many renters are under the impression that their landlord’s insurance will cover them in the event of a fire or other catastrophe. Not so.

Your landlord’s insurance only protects the building you live in, not your personal property. If you want to protect your personal property from being damaged or destroyed you need to get renters insurance.

What Renters Insurance Covers

When you purchase renters insurance you’re getting three kinds of coverage. They are:

Personal Property Coverage

Personal property coverage pays to replace your personal property in the event it’s stolen, or if it’s damaged by fire, smoke, vandalism, explosions, windstorms, or plumbing leaks.

To determine how much renters insurance you actually need, take an inventory of everything you own – clothing, furniture, appliances, electronics, kitchen utensils, tools, sports equipments, etc. Total up the value of your personal property and use that figure as the amount of your personal property coverage.

Some expensive items like jewelry, furs, and silver, may not be covered by a standard policy, so you’ll need to purchase additional coverage for these items.

Additional Living Expenses Coverage

Additional living expenses coverage pays for you to live elsewhere when your home is uninhabitable and being repaired. It covers your hotel or motels bills, your restaurant bills, and any other additional expenses you may incur.

Standard additional living expenses coverage is equal to 30% to 50% of the amount of your policy. That means if you’re insured for $100,000, your insurance company pays your living expenses up to $30,000 to $50,000.

Personal Liability Coverage

Personal liability coverage protects you from lawsuits when you or your family are found liable for injuring someone or damaging their property.

The amount of liability coverage you need should be enough protect all your assets if you’re sued. Most people get $100,000 worth of liability coverage, but you can buy more if you need it.

Cheap Renters Insurance
Visit or click on the following link to get cheap renters insurance quotes online from top-rated companies and see how much you can save. You can get more insurance tips and guidelines in their Articles section.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of renters insurance guidelines.
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Understanding Type of Home Insurance is Very Important

February 9th, 2009

Home insurance is a type of protective cover that helps to ease the financial implications involved with the loss, theft, or damage of your belongings and the damage of your actual home, and can be broken down into two parts, buildings insurance and contents insurance. It is too important to not have a full understanding of it. It is an insurance policy that protects your home structure and property, and is divided into two sections, namely the building home insurance which covers the structural building and content home insurance, which only covers the contents of your home listed in the contract.

Home insurance is not compulsory, but is highly recommended, as the cost of home repairs can be very high if a serious issue is encountered, and because most of an individual’s belongings are held within their home. It is your way of protecting this asset, and is an easy product to buy.

Home insurance is often sold on a large scale under the rubric of property insurance. It is expected to increase by only 2.5 percent, the smallest increase in six years, and is needed to provide for the cost to rebuild or replace damage to the home. It is a great way of getting coverage for the damages of your home in the events of natural calamity and other accidental occurrences.

Home insurance is aspect to be taken into consideration, and comprises buildings insurance cover and contents cover, and these can be taken as a bundle or can be taken separately if you prefer or in the event that you only need contents cover. It is, essentially, there to give you peace of mind and put you back in the same financial position prior to any unfortunate occurrences. It is the easiest and the most popular way to protect your most cherished asset, your home, from any untoward incident.

Homeowners can purchase home insurance online with relative ease. Whether a homeowner is concerned with getting the right coverage for personal property or they are looking for liability protection; whether a homeowner is looking to insure a home, a mobile home, a condominium or a rental, there are home insurance providers willing to work with new customers via the Internet.

Home insurance is like imperative for the protection of your home. It is very inexpensive and available from many different sources when you shop over the Internet. It is an insurance policy that covers your house, the garage, other related structures, and also personal possessions inside the home against damages caused by everything from fire to natural disasters and even theft.

Get your home insurance online. Looking for cheap home insurance and home owners insurance quotes? Here you can find free information.
Author: Tsuyoshi E. Suzuki
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Shop for Insurance Online = Save Precious Time and Money

January 24th, 2009

By Krista Farmer

Your time is valuable, so save it! Between shuttling the kids to soccer practice, mowing the lawn, finishing that huge research project that’s due in tomorrow’s political science class or just finding a few minutes to simply take a break and unwind, it can be difficult to find time to shop for affordable insurance coverage. Wherever you are in life’s many stages, why dig through the phone book when the insurance quotes you are looking for are at your fingertips?

How will shopping for insurance on the Internet save time?

1) ONLY ONE FORM. When you shop online for insurance quotes, you only have to complete ONE brief form. When you search for quotes by phone, you often have to complete quote applications for each individual company from which you would like to receive a quote – that’s A LOT of time spent repeating the same information over and over. Searching for quotes online eliminates that hassle. Fill out ONE quote form and let the agents come to you, rather than vice versa.

2) INSURANCE AGENTS COMPETE FOR YOUR BUSINESS. Shopping online for affordable insurance means multiple insurance agents will compete for your business. THEY call you. Don’t go around banging on doors when you can sit back and let someone else do all the work for you.

3) COMPLETE SHOPPING EXPERIENCE. Requesting insurance quotes through insurance shopping portals allows you to compare multiple quotes – putting you in the driver’s seat and giving you a complete shopping experience.

How will searching for insurance online save money?

Time is money, right? Shopping for affordable insurance coverage online saves time, so that means you’ll automatically save money and have more time doing things you WANT or NEED to do. PLUS, most online insurance shopping sites provide you with multiple, FREE insurance quotes. Why should you spend money on something you might not use when you can compare insurance quotes for free?

Recent studies show that most insurance consumers want to receive at least three insurance quotes when shopping for auto coverage. At HometownQuotes, not only do we offer free, multiple insurance quotes to consumers looking for affordable insurance, we also offer reliable customer service, insurance information and resources and access to several insurance professionals.

Don’t let searching for affordable insurance consume valuable time when your to-do list is nowhere near completed. We know you have other things competing for your time. When you let HometownQuotes do the work for you, finding insurance that fits your needs won’t be one of them.

To read more articles about health, auto, life and homeowner’s insurance, visit our insurance articles page.

To check out the latest HometownQuotes news, visit our press release page.

*Please note that this article is not a professional consultation. This article is for general information only. Always seek specific information from a licensed insurance professional.*

Home Insurance: Make Your Home Safest Place in the World

January 21st, 2009

Author: aliceerin

To feel safe in all conditions is the innermost desire of any human being. Popularity of home insurance is the proof of this.

Let us start with an example. You are making good money. Your children are studying in good schools. Your family life is going on easily and you are satisfied with your job. You can be sure of all these but are you sure that you, your family and your home is safe against any bad happening. One thing is sure that answering this question is not very easy. Because no one can be sure of his/her safety in any situation or at any point of time. Life is the name of uncertainty. That is the reason why people go for insurance. This amazing ’safety instrument’ can make you secure against all accidental happening. These days, different kinds of insurance are popular like automobile insurance, travel insurance, medical insurance and also home insurance. Everyone wants home security because there is no alternative of home and it must be the safest place in the whole world.

A home insurance makes a home like the safest place in the world. This financial instrument is a good idea if you want to keep your place secured in all conditions. This is the ultimate peace of mind that your abode is safe and that your family is secured. If you love your home then its security should be your greatest priority. You keep all your valuable possessions and important documents in your home. Can you imagine a minor accident in your home? It can destroy important documents and your treasured home in no time with severe repercussions.

Prevention is better than cure, so a home insurance is worth opting for. It is also known as homeowners’ insurance or hazard insurance. This is a property insurance that covers damages related to a home and its contents, which are caused by natural disasters or man-made mistakes. It may also protect liabilities that could arise from injuries to other people or damage to other people’s properties while inside your home.

Different insurance companies offer home insurance policies as various packages of coverage.
While opting for it, you can get coverage for building protection, personal liability, property damage, medical payments and also additional living expenses. Property damage coverage would pay for damage to personal property, like fixed glass and sanitary fittings. Additional living expenses provide enough funds to pay for an alternative living space when your home becomes unusable due to a natural calamity, accident or crime. You can also opt for personal liability coverage. This protects against a lawsuit from property damage or injuries sustained by a third party due to negligence.

If you are opting for home insurance then always determine the coverage type contained in its insurance package. This would make your package convenient for you. If your home remains in good condition then you can easily opt for home loans if you want. So, if you are interested then request for online home insurance quotes and get the best product for you. After all, this is the question of your security. And you should never compromise as far as providing security to your home and family is concerned.

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For more to know on Life Insurance and Travel Insurance just visit

Home insurance

January 16th, 2009

From Wikipedia, the free encyclopedia

Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home. It requires that at least one of the named insured occupies the home. The dwelling policy (DP) is similar, but used for residences which don’t qualify for various reasons, such as non-occupancy or age.

The cost of homeowners insurance often depends on what it would cost to replace the house and which additional riders—additional items to be insured—are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events. Typically, claims due to earthquakes, floods, “Acts of God”, or war (whose definition typically includes a nuclear explosion from any source) are excluded. Special insurance can be purchased for these possibilities, including flood insurance and earthquake insurance. Insurance must be updated to the present and existing value at whatever inflation up or down, and an appraisal paid by the insurance company will be added on to the policy premium. Fire insurance will require a special premium charge, plus the addition of smoke detectors and on site fire suppression systems to qualify.

The home insurance policy is usually a term contract—a contract that is in effect for a fixed period of time. The payment the insured makes to the insurer is called the premium. The insured must pay the insurer the premium each term. Most insurers charge a lower premium if it appears less likely the home will be damaged or destroyed: for example, if the house is situated next to a fire station, or if the house is equipped with fire sprinklers and fire alarms. Perpetual insurance, which is a type of home insurance without a fixed term, can also be obtained in certain areas.

In the United States, most home buyers borrow money in the form of a mortgage loan, and the mortgage lender always requires that the buyer purchase homeowners insurance as a condition of the loan, in order to protect the bank if the home were to be destroyed. Anyone with an insurable interest in the property should be listed on the policy. In some cases the mortgagee will waive the need for the mortgagor to carry homeowner’s insurance if the value of the land exceeds the amount of the mortgage balance. In a case like this even the total destruction of any buildings would not affect the ability of the lender to be able to foreclose and recover the full amount of the loan.

The insurance crisis in Florida has meant that some waterfront property owners in that state have had to make that decision due to the high cost of premiums. See Citizens insurance.

What Can You Do to Lower Your House Insurance?

January 12th, 2009

Household insurance is a necessity: you can’t even buy a house without it in most places! What kind and how much house insurance you buy has a big impact on your wallet, both now and in the event you need to make a claim. What can you do to save yourself money? Get informed!

The two kinds of house insurance

You will need to purchase two insurance policies, one for your house, and a separate policy to covers its contents. These are generally two separate policies. The policy that covers your house may also cover any other outbuildings on your property. The policy that covers your household possessions will not generally cover possessions that are not permanently kept in your house, such as jewelry and laptops. You may need to purchase a third policy to cover your ‘mobile’ possessions.

Insuring your home and outbuildings

The steps you take to reduce your expenses for home insurance are different from those to insure your household contents. Many banks that give out home loans also specify which insurance company you must use. This can be a good thing, if they want you to use some insurance company because it is reliable and reputable. Or it can be a bad thing. There is always the possibility that they just have a deal with the insurance company, which doesn’t spell out savings for you in any way. To protect yourself, shop around for both lenders and insurance companies. That way you’ll have a good idea of how much coverage should cost.

Once you settle on a good insurance company, you may want to consider using them for all of your insurance needs. Chances are you can get better rates if you use them for multiple types of coverage. They will want to get your business, and it will save you some bookkeeping if you keep all you policies under one roof.

The amount of insurance you purchase to protect your new home is determined by its value at the time of purchase. As time goes by, your house will probably increase in value. Make sure your coverage increases too. It is false economy to under-insure your home, especially while you are still paying off the loan!

One good way to save money on your policy by setting the excess you pay under the policy to the highest you can afford. The excess is the amount you pay if you have to make a claim. The insurance company pays for claims above the excess up to the maximum coverage. So the higher the excess you decide you can afford in the event of a claim, the lower your premiums are going to be.

Insuring your household possessions

There are a couple of things you can do to save money on your household contents insurance. First off, don’t over-insure. This is a common mistake people make. You can’t claim for items you don’t have, so you will just throw money down the drain every month. Take stock of your possessions and insure accordingly. Some companies require security devices before they will even insure you. Others will decrease your premium if you install additional security devices. It’s a good idea to have a look at the cost breakdown of purchasing and installing these devices. You insurance company can give you an idea of how much you can save on your policy.

Once you have a look at your policy, you may find even more ways to save, by cutting down on some types of coverage that are not necessary, and increasing your excess. Saving on insurance is a matter staying informed, and keeping your coverage up to date and appropriate to your lifestyle.

About the Author:
The author specializes in short term insurance in South Africa. If you need to read more on insurance in South Africa, visit
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How To Get Low Cost House Insurance for an Old House

January 9th, 2009

Homeowners looking for affordable house insurance for an old house will have to look a little harder than homeowners purchasing new homes. However, low cost quotes are out there!

To find them, you need to go online to an insurance comparison website.

Benefits of Going Online

Yes, you can ask your friends and neighbors with older homes who their insurance is with. You can ask your mortgage company for recommendations. You can call around to every insurance agent in town and try to convince them to cover your home.

In short, you can spend a lot of time looking for house insurance for an old house. But if your home was built before the 1950s, you already know – or you will soon learn – that some insurance companies just won’t offer you coverage.

Want to save all that time and effort? An insurance comparison website can automatically weed out the companies that won’t insure you, giving you quick quotes from viable companies.

In addition, since you will get several quotes, you’ll be able to compare them and choose the policy that’s best for you.

Choosing a Policy

Some special considerations you need to consider when purchasing a homeowners policy for an older home include:

* Whether the policy will replace your home with new construction or with historically accurate materials and designs. If your home is merely old, new construction may be fine with you.

But if your home is of historic value, you may have to pay extra for a “replacement in kind” policy. Such a policy ensures that the workmanship and materials used to rebuild your home will restore it’s historic nature.

* Whether the policy requires you update your renovate the wiring, plumbing, heating, and other systems within a certain time period or the insurance policy will be cancelled To help keep your premium as low as possible, consider setting a high deductible. Also find out if there are any discounts you qualify for, such as an auto-home discount or a discount for installing fire extinguishers and other safety systems.

Where to Get Inexpensive Rates

Visit or click on the following link to get inexpensive old house insurance quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written numerous articles on getting low cost house insurance for an old house.

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House Insurance – How to Get the Best Deal

January 8th, 2009

No sensible person would step into a car without taking out the necessary insurance. So why buy a house without taking out the necessary home insurance? In most cases, a house is the most expensive purchase you will be likely to make during your life time, so insuring is imperative. Even if something seems unlikely, for example, a house fire or an unexpected flood, it is good to know that if anything does happen you will be protected. And with one and three people likely to be burgled at some point, it has never been more important to protect your assets.

There are two main types of house insurance; building insurance and contents insurance. Buildings insurance is for the actual structure of the house, for example the bricks, roof, kitchen and bathroom, and could also include the garage and sheds. Be aware that drive ways, gates and fences may not be included in your policy. Most mortgage lenders will make it a necessity to take out buildings insurance before they will you the money. Also be aware that this type of cover will not pay out the total value of your property, it will merely pay enough money for the actual rebuilding of your house.

Contents insurance covers everything inside the bricks- your possessions. This includes electronic equipment, furniture, clothes and jewellery. Even though contents insurance isn’t compulsory, it is still extremely valuable, as it covers your possessions in cases of theft, fire and if damage if made by a third party. However, not all policies cover your personal possessions in cases of storms or flooding, so be sure to read all the small print before you commit to an insurance provider.

Be sure that when you take out a home insurance policy, that it has ‘new for old’ cover. The cheapest policies will be called indemnity cover, and will only pay out to the value of how much a possession is worth at its present value, not to the sum it was actually bought for. For example, if you bought a television three years ago, its value will have decreased, and you will only be paid out for the price it is worth currently. ‘New for old’ cover will pay out to the value that you actually paid for it.

You can reduce the price of your home insurance policy by doing some pretty straightforward things. For example, take measures to make your home burglar free, by installing an alarm system, outside censor lights, and take part in a neighbourhood watch scheme. It is also important to repair your property as it breaks. If you claim for damage that was caused by your own negligence, you will not be successful in your claim. By not making claims is also a way to reduce your premiums. Don’t try to claim for minor damages, try to fix them yourself, as no claims bonuses could severely lower the cost of your home insurance prices.

When choosing house insurance, make sure you don’t choose the first provider you come across. Shop around for both buildings insurance and contents insurance, as you are likely to come across some good deals. Companies offering house insurance are plentiful, so take advantage of the competitive market.

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