Renters Insurance

CT Insurance Companies Provide Great Services

Everyone has asset protection needs, as well as reasons for deciding to purchase life, home, and auto insurance. For one thing, a life policy provides a certain amount of comfort for their spouses, children, and significant others. Parents also want to know that the money will be there for their children in the event that an unfortunate incident occurs and they are no longer around to provide care and assistance.

Auto insurance is required and helps pay medical bills and other expenses too high for the average person to deal with if uninsured. And, of course, a home policy helps with repairs and replacement when a house is damaged or otherwise becomes uninhabitable. Whatever your reason might be, most people realize that insurance helps provide overall peace of mind, and everyone has their own specific reasons why they need to contact ct insurance companies about their products and services.


Insurance helps greatly when a loss occurs

Whether you have a car accident, become too ill to work, or have a house that is devastated by a major storm, these three policies will come to your aid when you need it most. Personal insurance policies are a source of great relief when a disaster or accident strikes, and the cost of coverage is nothing compared to the excessive out-of-pocket expenses one might incur.

For example, no one wants his or her family to experience hardship when it is totally unnecessary. An employer-sponsored life insurance policy can be less expensive than purchasing a policy on your own, plus with group insurance from work your risk is spread across a big pool of people, so it’s easier to be granted coverage.

But many workplaces still require you provide “evidence of insurability” once you increase your coverage limit past a certain amount, and with a face value that is not likely to cover as much as you may wish, you can accomplish this by adding a small supplemental life insurance policy in an amount that would cover those final expenses.

CT insurance companies can help make your future more secure. There are agents standing by ready and willing to help. Remember that there’s no time like the present to get the coverage you need. Speak to an agent about ct insurance companies and what they have to offer you!

Having the Vital Protection that NJ Renters Insurance Provides

Experts say it’s a common fact that most renters don’t purchase NJ renters insurance, and many don’t realize that they should for the simple fact that it protects their possessions and belongings in the event of a fire, theft or other act which causes a loss or damage. In fact, a recent Insurance Research Council poll found that while 96 percent of homeowners have homeowners insurance, less than half of renters have any sort of coverage.


Many assume that their landlord’s insurance policy will cover their belongings in the event of a fire (this is not the case), or that the insurance is simply too expensive. However, according to Loretta Worters, vice president of the Insurance Information Institute, an increasing number of landlords are now requiring their tenants to buy their own renters insurance policy. “A typical renters policy runs around $250 to $300 a year, depending on where you live,” she adds.


“At some point when you begin to accumulate things, you have to be more serious about protecting them,” explains Bob Hunter, director of insurance at the Consumer Federation of America. He says middle-income tenants need renters insurance the most because they have personal property to protect and most lack the resources to replace those items themselves should an unfortunate incident occur.


The replacement cost policy versus actual cash value debate


Renters with expensive personal property, like fine art or jewelry are probably better off buying an insurance rider, as regular policies are subject to limits (for instance, jewelry is often capped at $1,000 per policy). Renters need to realize that there is an important distinction between policies that cover replacement cost and actual cash value. For instance, replacing an old stereo system would cost more than the equipment is actually worth because of depreciation over the years.


A costly lawsuit could spell financial ruin


Because we’ve become a very litigious society, having this coverage in place is important because it also has a liability component, which could be the most important part of a policy since it protects a renter against any lawsuits for bodily injury caused by the renter to someone else while in their apartment or residence.


Even for someone that doesn’t entertain friends or family on a regular basis, issues could arise if a repair or delivery person sustains an injury while in the apartment. Most standard NJ renters insurance policies cover about $100,000 in liability but it might be worth getting up to $300,000 of coverage, depending on an individuals financial situation.

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