Renting a home does have advantages although can have disadvantages as well. Losing your personal property due to a natural disaster or unforeseen event beyond your control is a possibility in life. Ways to protect people who rent do exist in the U.S. Policies specially underwritten as renters insurance plans are offered in most states. Before renting a home, knowing how to get renters insurance can protect your future interests.
Steps to Take When Researching Renters Insurance
There are several steps involved in the rental insurance research process. Some renters might even choose the first company that offers a rate quote and this could be a mistake. There are a lot of variables that can go into making a policy selection.
1. Research Known Insurers
If you drive an automobile, having auto insurance is mandatory in every state. Most insurance companies underwrite policies apart from vehicle insurance. Asking your current provider if renter insurance is available could point you in the right direction. A discounted rate might be offered if bundled with your automobile policy.
2. Choose the Right Amount of Protection
Each policy that is offered to protect your personal possessions will include different amounts of coverage. Some insurers place limits on the dollar amounts that are payable for valuables that are not declared in written form when policies are issued.
3. Make a List of Valuables with Prices
Insurance companies can only protect the replacement value of your personal items. Having receipts is one way to locate the value of your possessions. A list should be prepared of each item you own with the replacement or purchase value. The itemized list can be turned in when a policy is purchased to ensure that adjusters can payout loss values accordingly.
4. Get a Renters Insurance Quote Online
If your current car insurance provider does not underwrite renters insurance, there are companies in every state in the U.S. that can quote policies. Using tools online from trusted insurance companies can help you to perform an estimate calculation of monthly or annual insurance costs.
Rental Agreement Inclusions for Loss
The agreement that you sign when renting a property could have inclusions for losses incurred due to certain disasters. Some landlords carry additional insurance to protect valuables inside of rental properties. It can be helpful to examine a rental agreement and ask questions about loss payouts or valuables protection prior to signing on the dotted line.
In order to best serve future residents, please make sure to read all of the JWB Rental Guidelines before scheduling your showing.
JWB RENTAL GUIDELINES:
A background check and credit check will be performed for all adults.
A minimum of 4 years of rental history (or homeownership) must be provided, or an additional deposit may be required.
Evictions or felonies in the past 7 years are subject to an additional deposit.
Applicant must provide proof of income equal to 3 times the rent amount in gross income (before taxes).
The security deposit is equal to first month's rent and is required to reserve the home for up to 30 days; one half of the security deposit is required to reserve the home for up to 21 days with the remaining balance due at time of lease signing.
Our homes are pet friendly. A $500 non-refundable pet fee will be assessed for as many as 2 pets; additional pets are $250 each. Breed restrictions do apply.