Quote On Individual Sites
Colorado Springs renters insurance quotes aren’t difficult to get. But it’s absolutely imperative that you quote them on the individual sites of the company that’s going to be selling you the policy. If you quote a policy on EffectiveCoverage.com, you’re buying the policy from Effective Coverage. On the other hand, there are sites that offer you quotes from a number of different companies. What they’re really offering to do is to sell your information to the agents of those companies. That means you’ll get a long series of phone calls from a ton of different agents. You might even get phone calls from non-agents offering to transfer you to agents. Those calls are particularly annoying, it’s universally agreed.
Price Just Isn’t As Important As You Think It Is
So let’s say you have a quote for $190.00 a year. The average renters insurance policy is $187.00 a year. Is it worth shopping around to try to save that $3.00?
Nope. What’s your time worth? Not “how much do you make in an hour,” but what would you charge someone to intrude on your leisure time after hours? Most people would expect at least $50 an hour in compensation for someone to annoy them in their time off, when the question is posed to them that way. Quoting every possible policy and comparing the numbers might take you two hours. So unless you think you’re going to save a hundred bucks a year or more, it’s probably just not worth shopping around extensively.
Two or three quotes makes sense, just to see if they’re all in the same general ballpark. But quoting everything in town actually ends up costing you.
Colorado Springs Renters Insurance Glossary
Personal Property – This protects your stuff from risks such as fire, theft, and vandalism. You want “replacement cost” coverage, because “actual cash value” coverage isn’t enough to go buy new property of like kind and quality.
Special Limits Of Liability – Some kinds of personal property, such as jewelry, firearms, and silver and gold, have lower limits, especially for loss by theft. That’s often $1,000 or $1,500 unless you declare them on the policy and pay for additional coverage. If you have jewelry you’d like to cover, you should call and speak to an insurance expert for Colorado renters.
Liability – This is what pays for damages that you accidentally cause to someone else, in the form of bodily injury or damage to their property. Whether you trip someone in the hallway or burn down the building, your Colorado Springs renters insurance has you covered. It also pays to defend against claims that the policy would cover.
Medical Payments – A small coverage designed to pay for small injuries to guests in your apartment where there’s no real fault, but your policy covers them to illustrate good faith and help prevent it from rising to the level of a liability claim.
Loss of Use – If there’s a covered loss like a fire that means you can’t use your apartment, this pays for a hotel and other additional living expenses.
Deductible – The amount of risk you retain on personal property. If $5,000 of electronics are stolen from you, the only part of that loss you pay is the deductible, often just $500. It’s paid to the store that sells you the replacement items, NOT to the insurance company.
Now that you know a little bit more about Colorado Springs renters insurance, isn’t it time you got your family protected? You can do is in just sixty seconds online, or speak with an expert on the phone in just a few minutes. Just call (800)892-4308 or click to get covered - whether you need Colorado Springs renters insurance quotes online or coverage anywhere else!
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