Graduation has passed, and many students, young adults and families of all ages may be looking for a new place to call home this Fall and Winter season. For many renters, renter insurance is not exactly a top priority on their list of "To Do's", however, the price for a simple Renter's Insurance policy is extremely affordable and can certainly protect a renter from losing their belongings in an accident or claim. In this post we list 5 reasons all renters should have a renters insurance policy in place.
Renters need liability coverage
High Replacement Cost
It's very unexpensive
Most policies are made to fit a person’s tight budget. You only should pay for what your property is at risk; for example, a person not located in a flood zone would have a lower premium simply due to their location and lower risks of experiencing a flood as they would not require flood insurance
Replacement Cost payoffs give more payoff for your $
In a recent report, dog bites and dog related injuries accounted for over one third of homeowners claims in 2016. In fact, the amount paid by insurance companies last year is an excess of over $600 million dollars. The increase in dog bite claims is nearly 18% than those files in past years. Since 2003, the increase of homeowners claims has actually risen nearly 70%. Report provided by Insurance Information Institute and accessible here
Did you know Dog owners are liable for any injuries their pets cause in the following instances:
- if the owner knew the dog had a tendency to cause that kind of injury;
-if a state statute makes the owner liable, whether or not the owner knew the dog had a tendency to cause that kind of injury;
- or if the injury was caused by unreasonable carelessness on the part of the owner
No need to fear Homeowners. Below, Snotherly Insurance offers a few tips that all dog owners can follow to avoid a dog bite homeowners claim. Tips below are provided via the Insurance Information Institute.
Follow these Safety Steps:
Here we will be publishing articles, tips and information regarding insurance on a regular basis. Make sure to tune back to this page often has we post a new blog every month!