Find the best renters insurance quotes through Premier Shield Insurance. In 2020 many landlords and rental property management are requiring tenets to carry renters liability. We can help find you an affordable renters policy that won’t break the bank. We can even hopefully save you enough on your auto insurance to more than pay for it. We do it all the time for young drivers looking to save money.
Why Do I Need a Renters Insurance Policy?
This is the most popular question I get as an insurance agent. Residents from Massachusetts and Connecticut who are new to auto insurance likely have never heard of renters insurance. When you’re getting out on your own it’s important to protect yourself from liability. Landlord policies only cover insurance for damage to the actual dwelling. Everything that is yours like clothing, electronics, furniture, jewelry, and computers is not covered. I have personally known 3 people in my life who have had their homes burn down. One of the three didn’t have a renters insurance policy and they lost everything.
It’s sad when you’re just starting out, everything you have has taken time to acquire and cost money to replace. Make sure you’re giving yourself enough coverage too. $15,000 is typically the minimum amount you can carry with most renters insurance policies. The higher the coverage the higher the price. So, to protect your personal belongings in case of theft, fire, or damage, you’re going to need to purchase a renter’s insurance policy (HO-4).
The majority of HO-4 renters insurance policies provide at least $100,000 liability coverage. This will provide you with financial protection against covered liability claims and lawsuits brought by others for damage to their property or accidental bodily injury.
For example, you forgot to turn off the water running in the bathtub, it overflows into your downstairs neighbors bedroom. It causes $25,000 in property damage and you are a liability. This would be a situation that your renter’s insurance would pay the bill for you
Renters Insurance Discounts
What type of discounts do you qualify for as a renter? Typically things like auto-renters bundling will provide an excellent discount. The first discount you should always go for is the PAY-IN-FULL Discount plus. It typically will save you at least 10-15%.
The next discount you can get is a renter insurance security discount. If you live in an apartment that has installed burglar or fire alarms you can get a discount for that. If you live in a gated community with 24/7 security, there is a discount for that. Below are some additional renters insurance discounts available in the state of Massachusetts and Connecticut.
Claim-free discounts – build into the price of every policy is a “Claim-free discount” that you’re going to want to keep for as long as possible. If you ever file renters or homeowners claim it came to make your life very expensive for 5 years.
Advance shopper discount – If you’re quoting your policy in advance of when you need, you will save up to 10% off your renter’s insurance premiums by paying in up to 1 week in advance.
Renters Insurance Quote in New England (Massachusetts, Maine, New Hampshire, Connecticut and Rhode Island)
We work hard to simplify your life when it comes to buying auto and renters insurance bundles in Massachusetts. We’ve been doing it for years and we respect your time.
Many insurance companies will keep you on the phone for up to an hour to wear you down to earn your business. It’s a tired sales tactic that isn’t respectful of people’s busy lives.
Let the experts at Premier Shield Insurance find you an affordable auto and renters bundle today. Just call 774-847-7746 or text “RENTERS QUOTE” to 774-225-0599.