renter's insurance

[earwicker7]

I've been thinking that I should probably get renter's insurance since I've got a large amount of money sunk into stereo equipment.

Anyone know how to go about this? Do you have to give them receipts for everything in advance, or is there a flat rate based on where you live or some other variable? I don't have too much that is valuable outside of my electronics.

 

[grandenigma1]

Quote:

Originally Posted by earwicker7 /img/forum/go_quote.gif I've been thinking that I should probably get renter's insurance since I've got a large amount of money sunk into stereo equipment. Anyone know how to go about this? Do you have to give them receipts for everything in advance, or is there a flat rate based on where you live or some other variable? I don't have too much that is valuable outside of my electronics.

I got renters insurance through Gieco. Very painless experience unlike some other insurances out there. To be on the safe side I have taken dated pictures of my gear and have the receipts for everything just as proof.

 

[earwicker7]

Quote:

Originally Posted by grandenigma1 /img/forum/go_quote.gif I got renters insurance through Gieco. Very painless experience unlike some other insurances out there. To be on the safe side I have taken dated pictures of my gear and have the receipts for everything just as proof.

How reasonable are they?

 

[fatcat28037]

photographing your 'stuff' is a good idea wether it be an apartment or house. I'd suggest a camcorder so you can narrate as you photograph.

 

[krmathis]

Its highly recommended.
I personally have a inventory insurance which cover all my belongings. Well worth it if the house/apartment burn down, get broken into, or...

 

[mwallace573]

There's a saying that in life you can never have too much insurance. I have both my auto and renter's insurance through the same company. It's only $10 a month for the renter's insurance which offers me more protection that I even need. It's so cheap you can't afford not to have it.

 

[YamiTenshi]

Well, I really don't have anything of value in my apartment so even $10 a month is too much. The most expensive thing I have right now is a four year old computer that's probably worth $100 that I'm looking to replace anyway. Sometimes it's good to be a poor graduate student that has nothing to lose.

 

[ak622]

I have renter's insurance through geico as well.. I pay around $13/mth so its really reasonable. It covers way more than what I have but it never hurts to have more insurance.. If you're thinking about it, just do it especially if you have items of value..

 

[n_maher]

As someone who once lost about $2500 in gear when a pipe burst 5 floors about my ground floor apartment take my word for it, YOU WANT RENTERS INSURANCE. I bought a flat rate policy that would cover up to $20k in damages and it was less than $100 a year (IIRC).

 

[Rock&Roll Ninja]

The average joe can easily have $5000 in clothes alone and not realize it. $10-25/month in renters insurance makes good sense for just about everyone. (Yes, I had to get the special supplement for $20,000 in home theater equipment).

You'll also need supplemental for every big-ticket item. (Rolex, Nihonto Katana or what-have-you).

 

[ph0rk]

They just charge you based on how much coverage you want. If they start asking you how much you have in clothes, electronics, etc, just tell them you'll be happy with X amount. I think I have around $15 or $20k right now, but thats figuring if my building blew up and I had to start over.

 

[NC1111]

Renter's insurance is very inexpensive. Just make sure of the exceptions in the policy for coverage of certain items. For example, if you keep a collection of rare stamps, you would probably need separate coverage. Inventory your property and see if the company offers you replacement value if your have a loss. Usually the company that carries your car insurance can help you.