Rental insurance is one of the least expensive types of insurance today. However, this does not mean that you shouldn’t pay attention to how much your premium costs. It is still your responsibility to make sure that you are getting the best possible price for the type of coverage you want. It is still a must to shop around to find the best deal out there. Why pay a lot of money when there are other, cheaper options to be found?
If you have been given a quote, take a good a look at it. There may still be a way for you to pay lower premiums. Do you want to know how to do it?
It is a must that you have security alarms installed on your property because not only will this you save some money, but it will help keep everyone and everything on your property safe as well. Some of the most common and easiest security systems to install are smoke alarms and burglar alarms. When you have these items protecting your home, you will be able to sleep better, and you will also be getting as much as a 10% discount your policy.
If you raise your insurance deductible, you will stand a very good chance of getting substantial savings. This is also a very good idea because it can prevent you from using your renters insurance for petty claims. Many companies today now add a surcharge to even a single claim, and these surcharges can be as much as 85%, depending on the number of claims filed at a certain time.
Insuring with the same company
If you own a car and already have insurance for it, you should verify if the company also offers insurance for your rented property. Doing so may make you eligible for a package discount. Should you choose to insure your car and apartment together, you will be told exactly how much you will be getting as a discount.
Renters who live in a non-smoking house or property are considered to be a lower risk. Why? Because most accidental fires are actually caused by smokers, and this makes them more of a risk compared to people who do not. Do not forget to mention that you have a non-smoking household so you can get a discount on your policy.
People with low credit scores do not always get the best deals. This is because they are considered risky. Most insurance companies check credit ratings. First check to see if your credit is in good shape, or you can also look for insurance companies that do not do credit checks.
There are several insurance companies today that offer discounts for people who are members of certain organizations. You should call and ask the company for their list of organization affiliations.
Yes, a sprinkler system may cost you additional money, but it will make your house or apartment a lot safer. A safer house always has lower premiums.