 |
Further
Reading ...
|
|
Baby's First Month at a Glance
Congratulations on your new baby! You have just brought your
baby home and are pretty excited about everything. Perhaps
you don't even mind the fact that getting a good night's
sleep is getting tougher by the day.
Getting into a routine
This...
Fess Up! Are you a Spender or a Saver?
If you are in the middle of marriage preparations, you may want to consider talking about your financial plan before officially tying the knot. For example, if one of you has sizable assets, you may want to consider consulting a marriage lawyer...
Sailing Theory, Sailing Terms and Weather
Sailing Theory The sum of all wind pressure on the sail is called wind force. The center of that force, which is above the water, is called the center of effort (CE). The center of the force below the surface of the water is calledthe center of...
The Ugg Boot and More!
The Ugg Boot is one of the most popular types of footwear on the market right now. Anyone who is not familiar with them should consider slipping one on! They are remarkably soft and luxurious. They offer an excellent level of comfort and a wonderful...
|
|
|
Do I Need Renter's Insurance?
|
 |
Written By:
Dan The Roommate Man
|
|
|
|
If you are moving into an apartment you may want to consider investing in insurance. Along with the first month's rent, chances are you will be asked to pay a security deposit. This is a type of insurance for your landlord. The landlord can use this deposit to pay for any damages caused during your residency. For you, security comes in the form of renter's insurance.
Most renters use the homeowner's form of insurance known as the HO4 policy. This policy will typically cover furniture, clothing, and most personal property in the event of fire or smoke, lightning, vandalism, theft, explosion, windstorm, or water damage from plumbing. In most cases, the insurance company will take your word for what you think your property is worth. However, if you're wanting to insure your jewelry, art pieces or other collected items, you might need to pay extra for what's called a "Scheduled Personal Property Endorsement." For this type of coverage, the insurance company will send out an appraiser. An appraiser will also be sent out to your property in the event that your insured items have been damaged.
For a little extra, most insurance companies will cover your things on a replacement-cost basis. For example, if your old microwave is only worth fifty dollars, but it would cost one hundred and fifty to replace it, the company will insure that microwave for a hundred and fifty dollars. That way, in the event of an actual disaster, or if your property is damaged and your insurance company is going to - continued below ...
|
|
|
continued ...
cover it, you won't be reimbursed for a ten year old refrigerator or a five year old couch, but for what it will cost to replace them.
The HO4 policy also pays any necessary additional living expenses you are forced to make due to a natural disaster or in case your apartment asks you to move out for a short period of time while they remodel, fumigate, etc. If your apartment building is hit by a tornado, it's going to take more than a couple of days to rebuild your complex. Eating every meal out and living in a motel can add up quickly. By investing in this policy, you won't have to worry about these expenses.
Renter's insurance is typically priced around $200/yr for $30K worth of coverage and $100K worth of liability. However, the cost for renter's insurance may vary depending on several factors. For example, you will pay a lower premium if you're next door to the fire department than if you're two miles away. If you are in a high crime area, your premium will be considerably more than someone living in a picture book neighborhood. In older apartments without up-to-date wiring, the premium will be a bit higher. For complete details, contact your local insurance company.
About The Author
Since 1989 Dan The Roommate Man has helped 1000's of people find roommates. Need help? Contact him at 800-487-8050 or www.roommateexpress.com
info@roommateexpress.com
|
|
|
|
 |
|
|
| _Additional Resources ... |
|
Giving Thanks
Thanksgiving began with the Pilgrims, to give God thanks for their survival. For the Christian family is a tradition of giving thanks, whether it be in a service, to each other, in testimony, song, offering, in a family circle, or in prayer....
Think Green
This month, our theme is Think Green. Spring is just around the corner. Even though there is still snow on the ground in many parts of the country, here in the South our daffodils have already begun to bloom. You too, can enjoy a little bit of...
Are you putting your family at risk?
I know that for the most part people generally care about their families. Most people can take all sorts of insults that are directed to them personally, but you had better not talk about our loved ones. In knowing this I cannot figure out why we do...
|
|
|
|
|
|
|
|
|
|
