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Can I Get Renters Insurance in 2022 If I Live with My Parents?

Last Updated: 20 Dec, 2021

Getting discounts from your renters insurance company is pretty straightforward. It’s no mountain to climb. All you need to do is be careful about a few tips and tricks, and you’re all good to get the discounts from your insurer. Can I get renters insurance if I live with my parents is wonderful question. And the answer lies behind this blog. 

The Purpose of Renters Insurance in 2022

First and foremost, understand why you’re getting the renters insurance policy in 2022. Clearly, insurance has been an effective way of mitigating the financial risk when disaster strikes. For example, if your home burns on fire, or if you return home one day only to find out that there’s been a theft in your home. These situations can arise any day. However, with insurance, keep such losses at bay and be financially sound. You can find an agent and get more details on it. 

can i get renters insurance if I live with my parents
renters' insurance

3 Main Discounts Tips You Must Know In 2022

The tips below will help you in getting discounts from home insurers in Miami Shores.   

1. Higher Deductibles   

Deductibles refer to the amount you agree to pay for the insured loss before your insurer starts paying for the loss. For example, if you agree to a deductible of $1,500, you will have to pay the amount in case of loss to your home before your insurance company in Miami Shores starts reimbursing you. If you agree to pay higher deductibles, you’re agreeing to assume more risks while transferring lesser risk to your insurer.   

Therefore, by raising your deductibles, you can get good discounts from your insurer.   

2. Multiple Policy, Same Insurer   

One of the best ways of bagging discounts is to insure several properties with the same insurance company in Miami Shores. Nothing makes the insurers happy more than making more sales. Hence, by insuring your home and your car with the same provider, you will be eligible for substantial discounts. This kind of discount is famous as loyalty discounts, whereby the insurers reward you for being loyal towards them.   


3. Home Security   

Keeping your home safe is a win-win for you. Not only does a good home security system keep your home safer from burglars, thieves, and so forth, but it also qualifies you for discounts. For instance, if you use dead-bolt locks, smoke detectors, burglar alarms, and so on, you can get discounts up to 20 percent. Obviously, the discount amount and rate differ from one insurance company in Miami Shores to another. Therefore, check with your provider to get the exact discount figure.   

The Takeaway  

Finding discounts in Miami Shores isn’t that difficult a task, especially when every other insurance company provides plenty of discount opportunities. You need to look around, scan the market, and find out the discount deals. Nevertheless, you should be careful not to sway with the discount offers while forgetting the primary reason for getting home insurance in the first place. If you want more information on “Can I get renters insurance for 1 month?” then check out this blog. 


How much should my rental property be insured for?

While the amount of liability coverage you’ll need in your landlord policy may vary depending on the value of the covered property, your net worth, and whether or not your property is mortgaged, it’s generally a good idea to have at least $1 million in liability coverage.

Is a rental covered by homeowners insurance?

A conventional homes insurance coverage does not, in most cases, cover rental arrangements. The argument is simple: renting out your home turns it into a commercial asset, which increases the risk because tenants normally don’t care about a rented home as much as a homeowner does.

What does renters insurance not cover?

Renters insurance does not cover all types of property damage. Some specific perils, such as earthquakes, riots, and pest infestations, are rarely—if ever—covered by renters insurance. With a few exceptions, most renters insurance policies do not cover damage caused by bed bugs.

renters' insurance arizona
renters' insurance arizona

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Renter's Insurance Agency Lafayette 

(470) 280-6551 

Lafayette GA 30728 

Business Hours:

Monday 8 AM - 8PM

Tuesday 8 AM - 8 PM

Wednesday 8 AM - 8 PM

Thursday 8 AM - 8 PM

Friday 8 AM - 8 PM