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 in the United States have renters insurance? That means that 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.
There were over 86,500 reported apartment fires in 2018, meaning that some building’s failsafes are not enough. Our Ohio Renters Insurance has your back in case of fire, theft, vandalism, and any other covered perils. Talk to one of our Akron renters insurance experts and receive the best coverage at the lowest price in just 5 minutes. Or, use our self-service portal online and receive a quote just as fast!
Akron, OH Renters Insurance
Can I Afford Akron, OH Renters Insurance?
Akron renters insurance is the smallest bill you’ll pay in maintaining an apartment. The average price of renters insurance is just $15 a month! Cheaper than what you spend on coffee, gas or Spotify in that same amount of time!
Do you have fifty cents a day in change in your pocket at the end of an average day? How many coins are sitting on the floor of your car? Set it aside in a jar and on a monthly basis, you’ll almost definitely accumulate enough change to pay your Ohio Renters Insurance that month!
How Do Claims Work On Renters Insurance In Akron?
It’s actually fairly straightforward; you call the claims number, and they pay the claim.
Of course it’s a little bit more involved than that, but not by 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. Sure receipts can get lost over time, but bank or credit card statements can also 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 mailed. You’ll likely receive it within days and be able to replace the property lost.
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 legal 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, and while it’s not necessary to make a note of each pair of socks, pictures of serial numbers of expensive electronics and jewlery could be useful. It’s a good idea to save these photos in an online database (cloud) or to keep hard-copies at another location in case a loss occurs. These photos will make the claims process much easier should it become necessary.
It’s also a good idea to review your coverage annually 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 get a raise or inherit money? These should all be accounted for in order to maximize the liability coverage on your Akron renters insurance.
The easiest way to keep track of all of this 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.
If you need more than $500,000 of liability to protect your assets, you need to add what’s called an umbrella liability policy. They come in increments of a million dollars of liability, and they don’t cost much more than a renters insurance policy would. An Effective Coverage insurance expert can make sure you have the right amount of protection. Call Effective Coverage today and give your home the protection it deserves.
Renting In Akron, OH
Akron, nestled in the Great Lakes region of Ohio, is the fifth-largest city in the state. With just under 200,000 people, Akron has experienced a 201.8 percent increase in population in the last century. The average home price in the area is $105,189 while the average rent per month is $716, making Akron a very affordable city.
Akron boasts quite a rich history – prominent industries included stoneware, fishing tackle, farming equipment, and rubber. Preeminent companies like General Tire, Goodrich, Firestone, and Goodyear built their headquarters in Akron and today, Goodyear’s headquarters remain here. The National Marble Tournament, Professional Bowlers Association, and Women’s Professional Mud Wrestling were headquartered in the area as well. Top employers such as GOJO Industries, FirstMert Bank, and FirstEnergy are booming in Akron. In fact, Newsweek listed Akron as one of the ten new ‘tech havens’ in the United States.
Several of the largest industries in the U.S. have their roots in Akron. 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 its moniker, “Rubber Capital of the World”. Akron has won economic awards for ‘City Livability’ and ‘All-American City’. Fortune 500 companies Goodyear Tire, Rubber Company, and FireEnergy currently keep headquarters in Akron. In fact Goodyear is America’s biggest tire manufacturer and the fifth-largest private employer in Summit County.
Such an industrious city promises to attract young professionals from all over the country, and in renting your apartment there are some things to be aware of; one in four Americans will suffer a home fire in their lifetime, and in 2018 The National Fire Protection Association reported around 500,000 structural fires within the Unites States. A fire, theft, or vandalism can cause thousands of dollars in damages, while the average cost of renters insurance is just $15 a month – that’s less that we spend on coffee, gas, or streaming services! Effective Coverage is the only full-service insurance provider in the country dedicated specifically to renters insurance, give us a call M-F 9am-9pm or on the weekends 10am-5pm and speak to a real person! Most of our customers get renters insurance in five minutes or less!