Call Us 478-784-1885 ☰ ˟
478-784-1885
Se habla Español
Freedom Auto Logo
Click here for free quote
  • Home
  • Products
    • Automobile
    • Commercial Auto
    • Specialty Automobile
    • SR-22
    • Motorcycle
    • Renters
    • Surety Bond
    • RV
  • Make a Payment
  • Resources
    • View Our Blog
    • Refer a Friend
    • Insurance Glossary
    • Join our Newsletter
  • About Us
    • About Freedom Auto Insurance
    • Our Locations
    • Customer Testimonials
    • Privacy Policy
  • Contact
Home > Blog > 4 Myths About Renters Insurance
THURSDAY, FEBRUARY 10, 2022

4 Myths About Renters Insurance

Much like home insurance, renters insurance protects your living space. You can liken renters insurance to a life raft. When you are on a boat, the life raft is there just in case you have an emergency. Renters insurance is there in case you need it for a covered loss. 

Unfortunately, many people don’t have renters insurance. Research shows only a third of renters have this coverage. Many of these people who don’t have renters insurance have let myths cloud their view of this essential coverage. Let’s separate myths from facts. 

Myth #1: You Have to Live in an Apartment to Have Renters Insurance 

Renters insurance isn’t exclusive to individuals who live in apartments, condos or townhomes. If you rent a house, you are eligible for renters insurance as well. In fact, you should purchase renters insurance to ensure that your property is protected in the event of a loss; your landlord’s insurance won’t fully cover you. 

Myth #2: Renters Insurance is Too Expensive 

Many people think that renters insurance is expensive. The truth is, you can cover your property for a fraction of the cost it would take to replace your property if it’s stolen or damaged. The National Association of Insurance Commissioners estimates that the average monthly premium for renters insurance is about $15. If your home was burglarized, replacing your computer alone would cost more than the average annual renters insurance premium of $180. Imagine if you had to replace multiple computers, multiple high-definition TVs and a host of other items. How would you pay for it? Instead of replacing these items out of pocket, you can save more by purchasing renters insurance. 

Myth #3. A Roommate’s Renters Insurance Covers You 

If you have a roommate, then you likely share expenses. However, you shouldn’t share renters insurance coverage, as policies are designed to protect your specific belongings. Asking an insurer to reimburse you for a property under a roommate’s policy is technically considered fraud. You should protect yourself and your freedom by purchasing a policy for your property. 

Myth #4. You Live in a Safe Neighborhood and Have No Need for It 

Many people believe that living in a safe neighborhood allows them to skip purchasing renters insurance. Unfortunately, even safe neighborhoods experience crime at some point, so it’s best to protect yourself against this possibility. Plus, renters insurance covers far more than burglary — including fire and weather damage. 

Knowledge is power when it comes to purchasing renters insurance. Don’t assume you know everything about coverage options. Call Freedom Insurance at 478-784-1885  to learn more about your options and to get a free renters insurance quote. 
Posted 10:55 AM

Tags: renters, insurance, coverage, belongings
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019

  • insurance(34)
  • coverage(29)
  • auto insurance(11)
  • car(11)
  • auto(11)
  • renters(10)
  • belongings(9)
  • motorcycle(7)
  • policy(6)
  • accident(4)
  • sr-22(4)
  • boat(4)
  • motorcycle insurance(4)
  • premiums(3)
  • rates(3)
  • boat insurance(3)
  • small(3)
  • watercraft(3)
  • renters insurance(2)
  • tips(2)
  • home insurance(2)
  • vehicle(2)
  • autumn(1)
  • liability(1)
  • laws(1)
  • roommates(1)
  • teen(1)
  • avoidance(1)
  • safety(1)
  • classic(1)
  • georgia(1)
  • determining car value(1)
  • collision(1)
  • pet(1)
  • rv insurance(1)
  • professional(1)
  • risk(1)
  • vintage(1)
  • umbrella insurance(1)
  • winter(1)
  • title(1)
  • storage(1)
  • theft(1)
  • homeowners insurance(1)
  • car insurance(1)
  • driver(1)
  • salvage(1)

View Mobile Version

CONTACT US TODAY!
478-784-1885

Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

3868 Pio Nono Ave
Macon, Georgia 31206

Tel: 478-784-1885 | Fax: 478-784-1847
© Copyright. All rights reserved. | Powered by Insurance Website Builder