Birmingham, AL renters insurance doesn’t have to be complex. Many people think that Alabama Renters Insurance is complicated or expensive, and that’s a big part of why only forty-four percent of Americans have the coverage. We’re working to change that with the Effective Coverage Renters Insurance Challenge.
Here at Effective Coverage, education is one of our core values. We believe that when tenants know how to protect themselves, and know how inexpensive it is to get that protection, they’ll want policies. When apartment fires causes losses, tenants are often placed in a very bad position financially, and fire is not the only risk in an apartment.
Maybe you think a fire won’t happen to you. Maybe you think renters insurance is a scam. Maybe you think you can’t afford renters insurance. There are as many reasons not to be covered as their are apartment dwellers. But there are precious few good reasons not to have renters insurance in Birmingham, when it’s just a few dollars a month!
Take a few minutes to review our Birmingham, AL Renters Insurance Guide and see just how simple it can be to protect your family when you work with the Alabama Renters Insurance experts. Whether you live right in the city, or in Hoover, Vestavia Hills, Homewood, or any of the other lovely suburbs surrounding Birmingham, Effective Coverage has you covered.
- (800)892-4308
- Alabama Renters Insurance Quotes Online
Birmingham, AL Renters Insurance
How Do I Know What My Birmingham, AL Renters Insurance Policy Covers?
Read your policy! The amount of each type of coverage is listed on what’s called the declarations page. That’s where the generalities of the policy are laid out like coverage amounts, who the policy covers, where the insured location is, and so on. Generally only a page or two in length, this gives you a high level view of the policy.
As far as what events constitute a covered loss and other more in depth questions, those are all located in the policy document. We suggest that everyone read it, but we also recognize that very few people do. Many who do run into questions when section x references and amends section y and so on. That’s when you call the Birmingham renters insurance experts at Effective Coverage. We’ve got the answers, and we can put even the most intricate policy provisions into real, practical terms to help you understand what’s covered, what’s not, and how well protected you are.
Does Renters Insurance In Birmingham, AL Cover A Part Time Side Business?
Birmingham renters insurance is written on a standard policy form called the HO-4, used by most carriers in most states. Each makes a few minor adjustments to it, but the structure of the document itself generally remains fairly similar. With that in mind, no personal policy is going to cover business activity. Different companies draw the line in different places, but basically if you make money off it, don’t count on coverage.
There are exceptions, of course. If the money you make is more or less just reimbursement for supplies used to take pictures at your cousin Vinny’s wedding, that’s not a “business” and your coverage would likely apply if you caused bodily injury or property damage. However, if none of those photos turn out because your thumb was in the way of the all, you don’t have coverage for the damages he suffers in staging new pictures. So tread with care when you accept money for a service, even just as a hobby.
Does Renters Insurance In Birmingham, AL Cover Home Day Cares?
No. Home day care coverage is excluded in most situations. It’s a business, even if it’s small and doesn’t require licensing, and should be treated as such. Commercial liability policies for that sort of risk are fairly inexpensive, and you should have one. Some insurance companies won’t even write renters insurance in Birmingham for a home with a home day care, unless the insured can provide a certificate of insurance for the commercial policy.
On the other hand, “home day care” means something very specific, and there are situations where coverage may be available for watching other peoples’ children in your home. In the definitions section of the policy, you’ll find language that carves back coverage for the following activities
- Providing home day care services for which the only compensation is mutual exchange of such services (“I’ll watch your kid today, you watch mine tomorrow”)
- Providing home day care services to a relative of an insured. (If Grandma watches little Tommy in her apartment, that’s not a home day care business, that’s family looking out for each other, so the business exclusion doesn’t apply.)
How Much Does Renters Insurance Cost In Birmingham, AL?
We knew that one would come up sooner or later! The average cost of renters insurance nationwide is about fifteen dollars a month. The average cost of Birmingham renters insurance is about the same. We have many clients who just collect the change from their pocket every day and at the end of the month, they can pay for their renters insurance with the accumulated fifteen dollars or so. For what it’s worth, we’ve received reports that a 500 count bottle of Tylenol is the ideal vessel for that collection. Apparently, filling it to the top with a good mix of change usually brings you to right around the fifteen dollar mark, and most people would fill one of those bottles in just a few weeks!
If you still have questions, call or click to work with one of our Birmingham, AL renters insurance experts to get your questions answers and your coverage set up in just minutes.
- (800)892-4308
- Alabama Renters Insurance Quotes Online
Renting In Birmingham, AL
Birmingham is the largest city in Alabama, with a population of just over 200,000. The average home price is just $123,831, and the average rent is well below the national average, at only $743. There are very few places with such a low cost of living, and Birmingham renters insurance is inexpensive to match.
Birmingham was first known as the industrial center of the American South. From 1881 to 1920, Birmingham grew quickly and became known as the Magic City and the Pittsburgh of The South. Early American industry couldn’t develop without railroads, of course, so Birmingham was influential on the railroad industry. Not only was the transportation necessary for industry in general, but Birmingham was where many rails and railroad cars were manufactured, because of the abundance of iron and steel mills. Companies like American Cast Iron Pipe Company and McWane still have a strong presence in Birmingham, along with other companies in the business such as U.S. Steel. A number of these steel companies have announced a plan to come together and invest $100 million into expanding their operations and infrastructure in Birmingham. This will bring more good jobs and more money into the city.
But modern Birmingham is more than just steel and industry. Transportation, telecoms, banking, and insurance are all important parts of the local economy. Birmingham is one of the largest banking centers in America, following New York and Charlotte. Regions Financial, a Fortune 500 company, traces its roots here and remained based in the city. The city is growing and changing, and it’s good for the residents.
Birmingham also offers significant cultural opportunities, as well as a look into American history that just can’t be found elsewhere. Speaking of things that just can’t be found elsewhere, Birmingham boasts another singular attraction. Just over an hour away, you can find every piece of luggage you’ve ever lost! Well, if it hasn’t been sold yet, that is. Unclaimed Baggage in nearby Scottsboro, AL buys up lost and unclaimed luggage from the airlines and sells it in their store in Scottsboro. You never know what you might find in and around Birmingham!
With such a positive outlook for the city, we wouldn’t blame you for forgetting that catastrophe could occur at any moment! Protect your family today by calling Effective Coverage to get the perfect policy at the perfect price, from the only full-service insurance provider in the country dedicated specifically to renters.