We’re glad you’re taking a moment to review our Atlanta, GA Renters Insurance Guide. Georgia Renters Insurance is easy to purchase, and can save you from both hassle and expense in a number of bad situations. Only forty-four percent of renters nationwide have renters insurance, and much of that number is because they don’t even know the protection is available!
As part of our core values, Effective Coverage is committed to educating renters on the protections available to them through renters insurance in Atlanta and elsewhere. These protections take several forms, and we want renters to understand exactly what they’re buying, why they need it, and how it can keep their families safe. Take advantage of our educational quest to get your family protected with the Atlanta renters insurance they deserve!
Atlanta, GA Renters Insurance
Why Do I Need Atlanta Renters Insurance?
The easy answer is, because your lease says you have to have it. Beyond that, though, it’s important to protect the things you’ve worked hard for. That includes your personal property, which would be expensive and difficult to replace, as well as your assets. Liability coverage on renters insurance in Atlanta helps to protect those assets.
How does it accomplish that goal? If someone sues you for causing them bodily injury or property damage as a result of your negligence, your policy will respond in two ways. First, it will pay or settle the claim or suit. Second, it will provide a defense for you against the claim.
The insurance company has a duty to defend you, in order to reduce the amount paid on liability claims and to protect all their policyholders and the financial strength of the claims reserves. We know that lawyers in Georgia are expensive. Your Atlanta renters insurance can cover those costs if you’re sued for something that the policy covers, which might save you tens of thousands of dollars in legal fees alone.
Is It Legal For My Landlord To Require Renters Insurance In Georgia?
Is there a reason it wouldn’t be? You’re bound by the lease you signed. It’s a contract between you and the landlord. If you signed approving that requirement, then it’s legal.
Keep in mind that the insurance provision in your lease carries the same force as any other part. That means that the landlord has the same set of remedies against you if you don’t comply with the requirement. It’s much easier to pay a few dollars a month for Atlanta renters insurance than to find a new apartment.
Why Is There A Deductible For Personal Property, But Not Liability, On Renters Insurance In Atlanta?
On Atlanta renters insurance, this question breaks down the same way as an auto policy would. On car insurance, your property (damage to your car) has a deductible because you share a very small portion of that risk.
On the other hand, your liability coverage pays for the other guy. The other guy doesn’t want to share your risk, he just wants to be made whole. He certainly doesn’t want to wait until the person who hit him can come up with the money for a deductible.
Someone who was wronged should not have to kick in a deductible, nor wait for the insured who injured them to pay it. As a result, renters insurance in Atlanta has no deductible on liability.
How Much Does Renters Insurance In Atlanta Cost?
On average, Atlanta renters insurance costs more or less what it costs anywhere else in the country – between fifteen and twenty dollars a month. Quite honestly, there’s not much else that you could buy for that much money.
You couldn’t park in Atlanta for that much money, much less buy a souvenir at the Coke factory. But you can get all the protection you need for your family from Effective Coverage with renters insurance in Atlanta for just pennies a day. You certainly couldn’t get into the Atlanta History Center for fifteen bucks.
At the end of the day, Atlanta renters insurance is the best value around. The coverage protects you and your family, and it’s affordable. We know many customers who just collect their change every month, and that pays for their renters insurance in Atlanta!
Many things in Atlanta are expensive, and the cost of living is rising. Georgia Renters Insurance is not expensive, and never will be. No matter how much it costs, it will always be a great value. Keep in mind that your renters insurance in Atlanta will include additional living expense coverage. Let’s say you have to spend two nights in a hotel because your neighbor had a fire. Let’s also assume your Atlanta renters insurance costs fifteen dollars a month.
Think you can spend two nights in a hotel in Atlanta on $180? Think again, you might not even get one night for that! In that instance, the coverage more than pays for itself without even using any other part of it!
Renting In Atlanta, GA
Atlanta is the most populous city in Georgia, as well as the capital of the state. It’s no wonder that the city is a cultural and economic center with over 447,000 residents. The average home price in the area is $334,929 and the average rent is $1,087. For many people, it makes far more financial sense to rent than to buy, at those prices.
Atlanta’s economy ranks sixth in the nation with a gross domestic product of $270 billion. Atlanta has a varied economy where it specializes in logistics, professional services, media operations, and information technology. The area is the primary transportation hub of the southeastern United States by air, highway, and railroad. Its Hartsfield-Jackson International Airport has been the world’s busiest airport since 1998. Many flights connect here, especially if you’re headed to a smaller regional airport. You’re not likely to find a reasonably priced flight from Dallas to Charlotte direct, and if you connect anywhere at all on that flight, it’s likely to be Atlanta.
Downtown Atlanta has plenty of sporting venues, tourist attractions, and office space. It contains many of the nation’s law firms. The metropolitan area brings in $304 billion which makes it the eighth largest economy in the country and 17th in the world. The Atlanta metro area has a higher GDP than some countries, including South Africa! The area contains the headquarters of Coca-Cola, The Home Depot, AT&T Wireless, UPS, and Newell-Rubbermaid, which ranks Atlanta as 3rd for containing the most Fortune 500 companies.
Additionally, over 75 percent of Fortune 1000 companies conduct business within the Atlanta metropolitan area. It houses over 1,250 multinational corporations, too. Large companies are drawn to Atlanta because of its educated workforce. Almost 43 percent of adults in the area have college degrees, which eclipses the nation’s 27 percent statistic.
We know that citizens of Atlanta are a busy bunch working for the companies that help shape our nation today. But that can’t stop you from forgetting that catastrophe could occur at any moment. Obtain your affordable Atlanta renters insurance from Effective Coverage today.