USAgencies

Get Affordable Renters Insurance Quotes Online in Alabama and Louisiana

Did you know that your landlord’s insurance only covers the building and not what’s inside your rental unit? Most people would not be able to afford the expense of replacing their belongings in the event of theft, fire, or water damage, and that’s where renters insurance comes in. Whether you are renting an apartment, house, condo, or even a trailer, you can protect yourself and your valuables with an Alabama renters insurance policy or Louisiana renters insurance policy from USAgencies.

What Renters Insurance Is — and Isn’t in Alabama and Louisiana

The real job of renters insurance is not to cover the building or its infrastructure, but to protect the personal possessions of the individuals renting the living space. That means that renters like you can receive coverage that pays for the loss of furniture, clothing, electronics, and other valuables that might be lost to a fire, act of vandalism, or numerous other sources of damage.

In addition, there are situations in which your landlord might only rent to you if you have renters insurance. That means there’s more than one reason to consider coverage. So make that one of the 10 questions you ask your landlord before signing a lease.

But the primary purpose of considering low cost renters insurance in Alabama or Louisiana is to grant you and your family financial security and peace of mind.

The Full Scope of What Renters Insurance in Alabama and Louisiana Covers

Renters insurance covers more than just items damaged by natural causes. It’s not just a matter of protecting against damage. Those who have renters insurance policies can also be reimbursed for items lost to theft. Coverage can further include the expense of temporarily living elsewhere else while your space is being repaired.

Furthermore, this type of insurance offers liability protection. This means the policyholder is covered against lawsuits if a visitor is injured while in your rented space.

What is the Average Cost for Renters Insurance in Alabama and Louisiana?

In addition to the financial protection and peace of mind you receive, renters insurance offers another critical advantage: its low cost.

You will typically be asked to pay an average of only about $20 per month for your policy. This amount might buy you $50,000 in coverage, but it doesn’t cost that much more to triple what your policy will cover. Figure out in advance how much you’ll need to spend in monthly premiums to be adequately covered.

As with many other forms of insurance, your renters insurance policy will include a deductible. That’s the amount that you, the policyholder, must be responsible for before the insurance starts paying for the loss. Typical deductibles are for $500 and $1,000.

So if you sustain $10,000 in smoke damage from a fire that started in another unit, and you have a $500 deductible, the most your insurance company would pay you is $9,500.