If you own a house, you are already aware of how important homeowners insurance is for your quality of living. The same can be said about renters insurance found in the state of Ohio. Renters insurance protects all of your belongings and possessions within your apartment, condo or townhouse. Just because your landlord has property insurance does not mean that you’re covered as a tenant. The property insurance only protects the exterior of the building and anything that is inside is the tenant’s responsibility.
Basics of Renters Insurance
Renters insurance is similar to homeowners insurance, but it focuses more on protecting your possessions and items within the rental. If you’re living in Ohio, you’ll have coverage for items, electronics, products as well as damage or theft sustained while you’re living there. For instance, if there is a fire in the apartment and it causes a lot of damage, you’re protected and fully covered. If someone gets hurt as a result of the fire that you caused, the insurance will also pay medical bills to prevent you from experiencing this devastation.
Who Qualifies for Coverage
Just about anyone who temporarily rents or lives in a place will qualify for Ohio renters insurance. For instance, a senior citizen living in a nursing home can qualify for this coverage just as much as someone who is renting an apartment in a rental complex. Even college students who are living in a dorm room can obtain renters insurance. College kids, especially, will benefit from Ohio renters insurance because of the large amount of electronics found in the average dorm room as well as the high probability of theft that is found on college campuses.
How to Open a Plan
In order to open a plan and start your coverage, you’ll need to find an insurance company specializing in rental policies in Ohio. There are literally dozens of companies you can choose, so you’ll need to do diligent research before making a final decision on who to choose. Look for a company that offers online services to prevent the inconvenience of always having to go to their local office. In some cases, you can even open your policy on the insurance company’s website and have your information mailed to you.
The rental insurance provider will often ask you to take pictures of all your possessions inside the apartment. They might also send one of their agents to your rental to take videos and pictures of the items found inside. This helps you if you ever have to file a claim and need money for lost or stolen goods.
There are three different types of policies you can choose for your Ohio rental insurance plan. The basic plan will cover weather-related problems and fires. The broad-spectrum policy covers natural disasters in your area which might include earthquakes and floods. The premium plan will cover the loss or theft of your actual possessions. You should pick the policy according to your needs and budget so that you’re not spending too much for insurance that you don’t even require.
Saving Money on the Premium
To save money on the premium, you can lower your coverage or make changes within the rental property that proves you’re safe and responsible. For instance, you can put a fire extinguisher in the kitchen to help with grease fires. Setting up and installing a burglar alarm can reduce your renters insurance, too. Even doing something as simple as becoming part of the neighborhood crime watch team can lower your premium and make it more affordable. Talk with your Ohio company to find out different things you can do to lower your premium amount.
Filing a Claim
If you experienced a problem in the rental and now need to make use of the coverage you have, you’ll need to contact the company you’ve chosen and file a claim. The Ohio company will look at your sign-on pictures and videos to determine the overall worth and value of your loss. For those living in Canton, Cleveland, Columbus or Westerville, rental insurance in Ohio will benefit you greatly by offering coverage that prevents future problems due to loss, theft or damage.