1.Most feel what’s the chance something could happen? Unfortunately the chances are pretty good.

The dept of justice claims that renters are 50% more likely to be the victim of a break in robbery than a homeowner.

2. Doesn’t the landlord have insurance? Most landlords have insurance on their property, not yours.

Your personal property is not covered by a landlords policy.

3.I’m broke or I’m saving for a home,car or whatever. Most people are surprised at how affordable renters insurance is. About the cost of a pizza in a lot of cases.

We see policies written as low as $10 a month depending on location and coverage.

Many times combining your renters and auto policy will lead to a discount. Almost a buy one get one free in some cases. The savings on your auto policy can be pretty close to the cost of the renters policy.

4. I would guess that most people don’t have a policy because they don’t understand how it works. A renters policy can include personal liability coverage and legal representation.

If your dwelling becomes unlivable do to a covered peril your policy may pay for another place to live.

As with any policy ask questions. Some policies have coverage limits for jewelry or firearms. If you have more than your policy covers you can add an inexpensive rider to cover those possessions.

What do I need to do before I buy?

1. Assess what you have I know that seems overwhelming but you’ll be glad if you have a claim. Some agents have little booklets that are broken down room by room. Also excel has an inventory template. Documentation is even better. Pictures or videos of each room will help in the event of a claim. Model #’s serial #’s and receipts are also helpful.

2. Before you talk to an agent have a list of questions ready to ask.

Do I qualify for any discounts?

Are my legal costs covered?

How about medical expenses?

Do I need to choose replacement or cash value?

Do I need separate coverage for a roommate?

Getting a quote is fairly easy, call your agent or search online.

If you’re in NWI it’s even easier. Multiple quotes are available right here.

Lake County renters insurance quotes

Porter County renters insurance quotes