Glenview Insurance

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The Real Deal About Renters Insurance

Renters insurance is often overlooked by renters living in Glenview, Illinois. They do not realize the benefits it can offer.

Renters insurance is protection for personal belongings. While it will not cover structural damage, the renter can rest assured their personal belongings will be covered should they fall victim to a disaster.

The reason many renters in Glenview, Illinois do not carry renters insurance is because they do not understand it.

With growing crime and natural disasters abound, it is a great time for renters to start paying attention to what renters insurance can offer to them.

In a survey of 600 renters in Washington state, it was found that half did not carry renters insurance. The reasons cited were that 6% thought their landlord's insurance would cover their belongings, 33% thought it cost too much and 27% figured it was not worth it because they did not own enough property.

The 6% who thought their landlord's insurance would cover their belongings are in for a real surprise should anything happen. Their landlord’s policy is a structural coverage policy. The property of tenants is not covered.

The 33% who thought renters insurance is too expensive are also wrong. In fact, renters insurance is some of the cheapest insurance available. A policy can run as low as $100, sometimes less, for a years worth of coverage in Glenview, Illinois.

The 27% who figured they didn’t have enough property to make it worth the cost are also in for a surprise. Renter's insurance covers everything, no matter how old or how much it is worth. In the event of a total loss, renter's insurance can save a person thousands of dollars in replacement costs.

When looking at a national survey, 2/3 of those asked did not have coverage. With 26% thinking it too expensive, 17% not thinking they need it and 8% who had not even heard of renters insurance before.

In the same survey, though 89% of renters owned expensive electronic devices and this is most likely true in Glenview, Illinois as well. The replacement of such devices is far more than the cost of renters insurance. That is something for renters in Glenview, Illinois to think about.

Renters insurance is not hard to get for tenants in Glenview, Illinois and is defiantly not expensive. When people think insurance they automatically assume it is too expensive.

With all the other necessary insurance it is easy for a person to bypass renters insurance as a non-necessary expense while living in Glenview, Illinois. However, in the case of an emergency when renters insurance is needed, it can be quite devastating to not have it.

Done renting? Contact a Glenview, Illinois real estate agent.

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