Effective Coverage Helps Protect Renters Across Alabama
Alabama renters insurance protects residents across the state. With budgets stretched tighter and unique weather challenges, renters insurance in Alabama is more important than ever. You can protect your family as well as your future for just a few dollars a day. How well do you understand your policy? The insurance experts at Effective Coverage have the answers you need.
While home ownership is common in outlying areas, the majority of Alabama residents in cities like Huntsville and Birmingham are renters. From the Gulf Coast all the way to the border town of Athens, Effective Coverage is dedicated to helping you protect what’s most important to you. How much do you know about renters insurance? As many as fifty-six percent of renters in Alabama don’t have any coverage at all. Your unique geographic location means you have to worry about both hurricanes and tornadoes. Would you be covered? Find out in the Effective Coverage 2020 Alabama Renters Insurance Guide, including bonus content on renting in Alabama.
There are 382,000 people who rent apartments in Alabama. The total number of renters is actually much higher than that. The NMHC factors in only apartment residents, but renting single-family homes and alternative rental situations are both common in Alabama. Few of those people have renters insurance.
Effective Coverage offers solid coverage at a fair price. While the average cost of Alabama renters insurance is only $239.00 a year, Effective Coverage policies are often much less than that. Because your policy is backed by the security of highly rated underwriters, you know it will be there when you need it.
If you’ve ever wondered if you need renters insurance in Alabama, the answer is yes! If you have to ask the question, you’re a renter and your landlord’s policy doesn’t protect you. As a matter of fact, the number of uninsured landlords in Alabama is higher than the national average, so they might not even have insurance. And even if they do, it only covers the building, not your possessions within. Whether you’re in Huntsville, Mobile, or all the way up at the northern border, Effective Coverage has Alabama renters insurance specifically to protect you.
2018 Alabama Renters Insurance Guide Table Of Contents
- Who Is Effective Coverage?
- Why Do I Need Alabama Renters Insurance?
- How Does Renters Insurance In Alabama Protect Me?
- Do I Get A Refund If I Don't File Claims?
- How Can I Get Renters Insurance In Alabama?
- Bonus: Renting In Alabama
Who Is Effective Coverage?
Effective Coverage is the only national provider of renters insurance with a focus on making it easy to get covered. Your premium dollars don’t go to advertising, they go directly to providing the coverage you deserve. The underwriting process is simple, and you can be covered in just sixty seconds. Whether you want to buy renters insurance online or speak with an insurance expert on the phone, we want to empower you to get covered and then get on with your life. Insurance should be easy.
Why Do I Need Alabama Renters Insurance?
Renters insurance in Alabama covers your personal property against many different named perils which are listed in the policy. Effective Coverage policies offer replacement cost coverage, so you can go buy new property to replace what was lost to a fire or theft.
Your landlord probably requires you to have insurance. It’s written into your lease, as are the penalties for not being covered. Did you know that some leases give the landlord the right to end your tenancy if you don’t have insurance? If your landlord ends your tenancy, it can be difficult to find a new apartment in Alabama. It’s much easier to just meet the requirements of your lease.
Renters in Alabama are unlikely to have savings to fall back on, and savings don’t replace insurance. No one wants to wipe out their retirement savings because someone else had a fire that impacted them. When your neighbor has a fire and the smoke damages your furniture and clothing, you’ve suffered a loss. If your neighbor has liability insurance, it might pay you actual cash value for that property. But you’ll have to get in line behind the owner of their rental, as well as anyone else injured by the fire. If you have Alabama renters insurance, you simply file a claim on your own policy, get the replacement cost of your property, buy new property, and move on with your life.
Renters in Alabama are also less likely to have a place to go after a fire or another loss that makes their home unusable. There are only 1,424 hotels in the entire state, and many are expensive. Your policy pays for a hotel after a covered loss so that you and your family have a place to go. It’s important to maintain your lifestyle for the sake of your kids. Renters insurance helps you to do that.
How Does Renters Insurance In Alabama Protect Me?
You saw above how your personal property is covered – you’ll get the cost to replace items that are damaged or destroyed by a covered loss. But your policy covers so much more than that.
In Alabama, contributory negligence is an affirmative defense to a liability claim against you. What does that mean, and why is it important to Alabama renters insurance liability coverage?
Madison rents an apartment. While moving in, she negligently sets a cardboard box full of paperback books on top of the electric stove. She stops for a moment, because she’s tired from moving. When she leans back against the stove to rest, she inadvertently turns the stove on.
The box of books on top of the stove eventually catches fire, but why did the stove turn on when she leaned against it? The landlord had replaced a broken control on the stove with a simple on/off switch because it was less expensive. The stove would not have turned on (and the fire would not have occurred) but for the landlord’s contributory negligence in making repairs to the stove.
The good news is that in Alabama, that contributory negligence may completely bar the landlord from any recovery against his tenant Madison. If you’re curious how this came to be, see Jackson v. Waller, 410 So.2d 98 (1982).
The bad news is that liability claims in Alabama are often fought tooth and nail because of this absolute bar to recovery. This can makes a simple renters insurance liability claim a long, drawn-out process in Alabama.
That’s part of the reason why Alabama renters insurance provides defense coverage. If a claim is made or a suit is filed against you, the insurance company pays for the lawyer. They have a duty to defend you, because most people wouldn’t be able to afford the lawyer or wouldn’t be aware of the importance of responding.
Instead of leaving the insurance company on the hook for default judgements, a defense is mounted. This protects you as well as other policyholders from paying false or frivolous claims. The cost of the defense is separate from the limit of liability. If you have $100,000 of liability coverage and it costs $100,000 to defend against the case, there is still $100,000 of liability coverage remaining to pay for the claim.
You’ll also get loss of use coverage. That pays for a hotel if a covered loss forces you not to use your home. Medical payments to others coverage is available for small injuries to guests. There’s even a small no-fault coverage for damage to property of others. If your friend says “Here, hold my beer,” and you drop that beer all over his new couch, that damage to property of others coverage could pay to clean it without making a liability claim for the $200 cleaning bill.
Do I Get A Refund If I Don't File Claims?
When you purchase Alabama renters insurance, you’re paying for the company to take on the risk of you having a claim during the policy period. Whether or not there is a loss, the company provided a service.
They were ready, willing, and able to pay or defend that claim as necessary. They provided the service they were contracted to provide. You do not get a refund if you don’t file claims. However, the policy costs as little as fifteen dollars a month. You pay a small amount of money in return for the company being able to pay a larger amount of money that you couldn’t.
While you may have heard of so-called “return of premium” policies, that’s a concept that’s limited to life insurance. It’s just not found in property and casualty policies. One reason for this is that ROP is only actuarially sound on multi-year policies and P&C policies are generally issued for a twelve-month period. These endorsements don’t make sense on renters or homeowners insurance.
How Can I Get Renters Insurance In Alabama?
That’s easy. Effective Coverage has insurance experts standing by to help you understand what level of coverage you need and get covered quickly. Some people spend all day shopping for the best price, but they don’t value their time wasted in the process. Let Effective Coverage do the comparison for you. Just call
Bonus: Renting In Alabama
The median rent in Huntsville is $174 a month below the national median. That means the cost of living in Alabama is dramatically lower than in most of the rest of the country. Alabama also has favorable landlord-tenant laws to protect you as a renter.
Even with those protections, you are still responsible for damages to the property. Minor damage, such as to carpet, can be covered by your security deposit. Larger damages caused by fire or frozen pipes due to your negligence are also your responsibility. You can protect yourself from that risk with Alabama renters insurance from Effective Coverage.
If you’re looking for an apartment in Alabama, there are plenty of sites to try. You live in one of the few places left where online newspaper classifieds are worth a shot. There’s a reasonable vacancy rate, which means apartments are usually available.
Most landlords in Alabama will want to run a credit check and background check. This is more common in professionally managed communities, but small landlords also do it. You should also be prepared with references from previous landlords and proof of income for everyone in the household.
Renting in Alabama is often a less formal process than in other parts of the country. Even with the information that landlords tend to want, you may find yourself being offered a verbal lease. You should request a written lease to avoid misunderstandings and to protect yourself if there is a disagreement. A written lease doesn’t have to be a formal document. It can be written up on the back of a napkin. The important part is that it details who’s renting what premises under what terms, and is signed by the tenant and the landlord.
It’s easier to rent in Alabama than in many other states. But whether you’re working for the space program or clearing space for farmland, you’ll want to have renters insurance. Effective Coverage can save you money on that renters insurance, and even help you get discounts on car insurance. Just call (800)892-4308 or click to get covered - whether you need Alabama renters insurance quotes online or coverage anywhere else!
Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.