Renters’ Insurance Overview
If you’re like many North Shore and Boston, MA residents, you currently rent the place you live in. Often, because rental policies are not required of tenants, they are overlooked as necessary until it’s too late. For example, in the case of fire, theft or vandalism, you may want to consider, can you afford to replace pricey items such as a smart TV or laptop on your own? Your entire wardrobe? Without a renters insurance policy near Danvers, MA, that is what you will be doing in the case of an unexpected loss. Others will think they simply don’t need it because their possessions aren’t valuable enough to warrant it. This may be true; however, your rental policy covers more than just your contents. It can help you if you need to relocate due to repairs on your unit, and it will also cover you for liability in the case that a visitor is injured on the premises and looking for reimbursement.
Renters’ Insurance Key Facts
A typical renter’s policy covers you for your personal property, liability, and increased living expenses.
MA does not require that tenants have a renter’s policy, but many landlords do, and regardless, it should be considered a necessity if you are renting.
Your renter’s policy premium is largely based on the value you place on your contents. If you feel your contents don’t have much value, your policy is likely going to be very inexpensive, about $20 a month or less. If on the other hand, you have high value items that need additional protection, such as an engagement ring, there are additional riders and endorsements to protect them.
Frequently Asked Questions
Don’t all rental policies cost the same?
Isn’t rental insurance expensive?
How do I determine how much coverage I need for my contents?
Can I add my roommate to my renters’ policy?
Renters Insurance Service Area
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27 Garden Street
Danvers, MA 01923
Monday: 9am – 4:30pm
Tuesday: 9am – 4:30pm
Wednesday: 9am – 4:30pm
Thursday: 9am – 4:30pm
Friday: 9am – 4:30pm
Sat – Sun: Closed