Thanks for taking the time out of your busy schedule to visit our Akron, OH Renters Insurance Guide. How much do you really know about renters insurance? You may be surprised. Did you know that only forty-four percent of renters have renters insurance in the country? Roughly 65 million renters are vulnerable to catastrophe with no protection. A disaster can destroy your personal property within seconds. Effective Coverage is committed to increasing the number of covered renters to 40 percent by the end of the year. We call it the Effective Coverage 2018 Renters Insurance Challenge.
There were over 400,000 reported structure fires in 2013, meaning no one is completely safe from catastrophe. Our Ohio Renters Insurance covers you in case of a fire, theft, vandalism, and many other covered perils and will pay for that loss. Talk to one of our Akron renters insurance experts and receive the best coverage at the lowest price in just 5 minutes. Or even easier, use our self-service portal and online and receive a cheap price just as fast!
Akron, OH Renters Insurance
Can I Afford Akron, OH Renters Insurance?
Everyone can afford Akron renters insurance. It’s the smallest bill you’ll pay in maintaining an apartment. The average price of renters insurance is just fifteen dollars a month and we know people who spend more than that on their water bill every month. Water is traditionally the least expensive bill for an apartment, but not anymore!
Do you have fifty cents a day in change in your pocket at the end of an average day? Of course you do. Everyone does. Set it aside in a jar and on a monthly basis, you’ll accumulate enough change to pay your Ohio Renters Insurance that month!
How Do Claims Work On Renters Insurance In Akron?
It’s actually pretty simple and straightforward. You call the claims number. They pay the claim.
Well, it’s a little bit more involved than that, but not much. When you first call, someone will take down basic details about the claim and pass them to an adjuster. The adjuster will review the details, probably ask a few clarifying questions, and then either come out to review the loss or ask you for proof of the loss.
That proof doesn’t have to be gold plated, it just has to be legitimate. Receipts get lost over time. But bank or credit card statements show when and for how much the item was purchased. Photos, even family photos around the Christmas tree, might well show other items. Plus, the adjuster has a pretty good idea of what most people have in their homes and can help you account for things properly.
From that point, a check is generally mailed. You receive it a few days later, deposit it, and go replace the property that suffered the loss.
A liability claim can be more involved. Both versions of the story will have to be told, and often the insurance company will bring in counsel to handle negotiating a settlement. If needed, they’ll provide a defense for you if it can’t be settled without a lawsuit. That’s right, they provide the defense. That may be the single best thing about having renters insurance in Akron – you don’t have to pay for a lawyer in the event of a liability claim being made against you.
What Else Should I Know About Akron, OH Renters Insurance?
It’s never a bad idea to keep a home inventory. It’s not necessary to make a note of each pair of socks, but pictures of serial numbers of electronics and a general overview of what you have in the home could be useful. Make sure to keep it off-site somewhere to protect it in case a loss occurs. That will make the claims process much easier should it become necessary. Emailing a copy to yourself and saving it in a folder is sufficient since you’ll be able to access it if needed.
It’s also a good idea to review your coverage annually. You need to make sure you have enough personal property coverage as well as enough liability coverage. Personal property coverage needs to be considered in light of all the things you’ve acquired over the course of the year. It’s important to protect the new things you’ve purchased, as well as the things already listed on your home inventory.
Many people have improvements in their financial situation during the year, which might mean they need more liability coverage. Did you get a new job that gives you a 401(k)? Did you start making more money? Did you inherit money? These all need to be accounted for with regards to liability coverage on your Akron renters insurance.
The best piece of advice, though, is to work with an Akron, OH renters insurance expert. Effective Coverage has years of experience in understanding the unique insurance needs of renters in Ohio. We can both walk you through the coverage and help you get the right amount of coverage, as well as answer more in-depth questions about the policy.
Did you know that many renters need something called an umbrella liability policy? If you need more than $500,000 of liability to protect your assets, you need to add the umbrella. They come in increments of a million dollars of liability, and they don’t cost much more than a renters insurance policy would. That’s why you work with the experts. Call Effective Coverage today and give your family the protection they deserve.
Renting In Akron, OH
Akron is in the Great Lakes region and is the fifth-largest city in Ohio. It has just under 200,000 people and experienced a 201.8 percent increase in population since 1910. The average home price in the area is $105,189 and the average rent per month is $716, making Akron a very affordable city to live in.
Akron’s most prominent industries as it was beginning to grow were stoneware, fishing tackle, farming equipment, and rubber. The well-known companies of General Tire, Goodrich, Firestone, and Goodyear built their headquarters in Akron, but only Goodyear remains. Further history of Akron shows that the National Marble Tournament, Professional Bowlers Association, and Women’s Professional Mud Wrestling were headquartered in the area. Top employers such as GOJO Industries, FirstMert Bank, and FirstEnergy are some of the reasons why Newsweek listed Akron as one of the ten Information Age high tech havens.
There were several industries that either began or were influenced by the city. The area began the tire and rubber industry in the 20th century with the founding of Goodrich, Firestone, General Tire, and the Goodyear merger with The Kelly-Springfield Tire Company which gave the city the status of the “Rubber Capital of the World”. Akron has won the economic awards of City Livability and All-American City. Fortune 500 companies currently headquartered in the area are Goodyear Tire, Rubber Company, and FireEnergy. Goodyear is America’s biggest tire manufacturer and the fifth-largest private employer in Summit County.
We’re sure you’re glad that you’re a part of the great companies located in Akron. But you can’t forget that catastrophe could occur at any time. A fire, theft, or vandalism could cause thousands of dollars in damages as opposed to paying as little as $15 a month for renters insurance. Call Effective Coverage, the only full-service insurance provider in the country dedicated specifically for renters.