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Old 10-13-2010, 11:52 AM
 
Location: Pearland
777 posts, read 891,144 times
Reputation: 662
Default Renters Insurance

New employee is being told he has to get insurance before he can move in. I havent rented in 8 years, so i dont know. He was quoted $360 a year for 20k contents/100k personal liab.

Is this reasonable?
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Old 10-13-2010, 12:13 PM
 
Location: Houston area
1,408 posts, read 2,138,861 times
Reputation: 616
That sounds reasonable. Always a good idea to have renters insurance. So many people rent an apartment or house and don't have renters insurance.

If there is a fire, or theft, they are out of luck. The owners policy will most likely only cover the structure not the personal belongings.
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Old 10-13-2010, 12:24 PM
Status: "Character is what you do when no one is looking..." (set 29 days ago)
 
Location: San Antonio/Houston
20,158 posts, read 20,003,608 times
Reputation: 45545
I did paid $126 a year with Allstate
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Old 10-13-2010, 12:54 PM
 
21 posts, read 40,825 times
Reputation: 19
sounds about right. the rates vary according to location (crime and fire statistics), so comparing pricing won't help. you'll have to shop around.
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Old 10-13-2010, 01:22 PM
 
Location: Spring, TX
835 posts, read 786,622 times
Reputation: 602
when i lived in an apt it wasn't mandatory to have renters insurance but it was strongly suggested. and it was roughly $120-$130 a yr.... plus if you add renters insurance to your policy, i believe you get a slight discount on auto insurance.
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Old 10-13-2010, 04:43 PM
 
Location: A little suburb of Houston
3,701 posts, read 10,670,475 times
Reputation: 1867
A lot of LLs are now requiring renter's insurance. Remember that renter's insurance also has a liability portion in the policy.
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Old 10-14-2010, 07:14 AM
 
Location: Pearland, TX
3,335 posts, read 4,271,248 times
Reputation: 2201
I used AllState when I rented. 100K personals, 200K liability and paid $219 per year. Your quote sounds high to me. I was in Pearland at the time and this is the only piece of insurance I had with Allstate.
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Old 11-12-2010, 03:39 PM
 
Location: Los Angeles
38 posts, read 16,334 times
Reputation: 12
I have helped renters with insurance and all of their premiums were only $160 a year with Farmers insurance. $15k in personal property coverage and $100,000 in liabilty coverage.

Just make sure the insurance policy you buy has contents replacement otherwise you will get ACV for any stolen property.
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Old 11-12-2010, 04:10 PM
 
Location: Clear Lake Area
2,077 posts, read 2,335,654 times
Reputation: 1908
It's been a few years, but I believe we paid around $20 per month on top of our auto insurance for renters insurance through usaa... but we also had additional coverage for my wifes wedding ring.

Renters insurance is a must... I can think of 3 apartment buildings that have burned down in the past year or two in the clear lake area. Then there's also B&E's... my little brother and his girlfriend weren't carrying renters insurance when they had a break-in... ended up losing their TV that they still owed a grand on, a few hunting rifles/shotguns and 2 laptops.
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Old 11-12-2010, 07:30 PM
 
Location: Dallas, TX
386 posts, read 801,076 times
Reputation: 166
I've always had renters insurance when I rented. I paid about $25 per month. I got mine through Allstate. I also had car insurance through them.
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