Thanks for visiting our Boston, MA Renters Insurance Guide. As the only full-service renters insurance experts dedicated specifically to renters, we’re excited that you’re taking the time to see what we have to offer. Massachusetts Renters Insurance is just as simple and easy to obtain as in any other state. Maybe this is your first time buying Boston renters insurance, or maybe you’re familiar with the complexities that come along with specific coverages. Either way, we’ll make sure you’re able to understand Boston, MA renters insurance in the most efficient way possible.
You’re not alone having an interest in purchasing Boston renters insurance. Did you know only forty-four percent of renters have renters insurance? There is a handful of reasons why this figure is so low, but one major reason is that many renters are not even aware of the coverage that is available to them. We want to simplify the process of understanding and purchasing renters insurance as well, in line with our core values.
Boston, MA Renters Insurance
Is Boston, MA Renters Insurance Different From Policies In Other States?
Not markedly. While every state has an endorsement called the HO-300 which changes the standard HO-4 renters policy to meet state specific provisions, these are usually matters of simple phrasing rather than substantive changes. The main difference is that Massachusetts Renters Insurance can be just a little more difficult to find because not all companies are writing new business there. But Effective Coverage has direct access to underwriters willing to issue Boston renters insurance, and we make the process easy for you.
What Does Renters Insurance In Boston Cover?
- Personal Property: This coverage protects the things you own against a list of named perils such as fire, theft, vandalism, wind, weight of ice and snow, and many others. After an apartment fire, it’s very difficult for most people to purchase all the things they’ve lost, and it can be very expensive as well. A renters insurance policy in Boston generally offers replacement cost coverage, meaning you get the amount of money necessary to replace the things you had with something of like kind and quality.
- Liability: Have you ever accidentally caused bodily injury or property damage to another person? Most people have on a small scale, especially when they were children. That kid you pushed too hard on the swing and he fell out? You incurred liability. As an adult, though, the chances of causing harm to someone are far greater, and the consequences far larger. Liability insurance pays for those losses so you don’t have to!
- Medical Payments To Others: This coverage pays for small medical expenses incurred by guests in your apartment. It’s not liability, because it doesn’t require you to have been at fault for the injury. If you have a friend over for a housewarming dinner and they’re helping you in the kitchen, what happens if they accidentally cut their hand? Medical payments coverage is there to protect you from small injuries like that.
- Additional Living Expenses: One of the more important types of coverage to be found on a Boston renters insurance policy, this coverage pays for you to stay in a hotel after a covered loss such as a fire. Even if the damage you had was from smoke because the fire was in a neighbor’s apartment, do you know what hotels in Boston cost? Too much! There’s no reason to bear that expense out of pocket when your Boston renters insurance can take care of the expense.
How Much Does Renters Insurance Cost In Boston?
Boston, MA renters insurance is cheaper than you might expect. The national average price for renters insurance is fifteen dollars a month, or about $180 for the year. We actually know of a few clients who simply dump their change in a jar when they get home from work every day, and that accumulated change pays for their policy every month!
Prices can vary slightly, so the best way to find out how much renters insurance costs in Boston is to get a no obligation quote.
Do Landlords Frequently Require Renters Insurance In Boston?
Yes! More and more landlords and property management companies are requiring Boston renters insurance because it’s the right thing to do for both residents and for the business. The landlord isn’t responsible for personal property, and having that coverage in place helps to ensure that there is no misunderstanding on that front.
Further, the landlord isn’t responsible for damage to the property of your neighbors from fire or smoke if you have an apartment fire. You are. Requiring everyone in the community to have renters insurance in Boston makes sure that the person who is responsible for the fire is able to make whole the other residents who are impacted by that loss.
If you’ve had a loss, and the landlord is insisting he doesn’t owe you anything for your property, you may want to check out the advice we offer on what to do if the landlord won’t pay for your damaged property.
Should I Get Boston Renters Insurance?
Absolutely! The protection it affords is broad and protects both your property, your assets, and your future. It only takes one phone call or one click to get covered quickly and efficiently with the best coverage available!
Renting In Boston, MA
Boston is the capital of the state of Massachusetts, and also the largest city in the state. It’s the 24th largest city in the United States and is part of the 10th largest metropolitan area of Greater Boston with over 4.5 million people. The average home price in the area is $465,601 and the average rent per month is $2,080. As one of the more costly states to live in, we are sure you’re going to want to protect your belongings at all costs. Fortunately, Boston, MA renters insurance is affordable, and we can even provide you with an insurance policy that costs less than average.
Boston is one of the oldest cities in the country as it was founded in 1630. History runs deep in Boston’s veins. Several key events occurred in the area including the Boston Massacre, much of the American Revolution, and the Boston Tea Party. Boston has always been known as a thriving center of education and culture. For example, Boston had the first public school, and the first subway system.
Boston’s extensive list of colleges and universities has given it the reputation of being a leader in higher education, medicine, and innovation. Boston’s colleges and universities have a significant effect on the regional economy. Boston attracts more than 350,000 college students from around the world, who contribute more than $4.8 billion annually to the city’s economy.
Boston’s extensive list of colleges and universities has given it the reputation of being a leader in higher education, medicine, and innovation. Its institutions of higher education have contributed more than $4.8 billion every year to the city’s economy. With over 350,000 college students who attend Boston’s diverse range of Universities and colleges, the city experiences a significant positive effect on their economy.
Boston is one of the many great American cities that has seen a great reduction in violent crime since the early 1990s. The Boston Police Department has worked with neighboring groups and church parishes to prevent youth from joining gangs. This movement has been touted as the “Boston Miracle”. From 152 murders in 1990 to 31 in 1999, Boston has seen significant drops in crime. Property crime has dropped, as well, but you should still protect yourself with a Boston renters insurance policy. Any time you live in a large city, your risk is slightly increased. Counter that risk with the help of Effective Coverage.
Boston has one of the highest livability rankings in the country even though it has a higher cost of living than most states. That’s why you’ll want to continue staying ahead of the competition by purchasing our renters insurance which will save you tens of thousands of dollars from inevitable catastrophe.
Boston was estimated in 2010 to have 617,594 citizens. That’s interesting not only because of the size, but because 617-594 is actually a valid telephone exchange in the Boston area, specifically one assigned to Sprint, assigned back in 2001 when the city of Boston only had one area code. The switch which handles that exchange is located at 74 Commerce Way in Woburn, MA.
There might be between one and two million people in Boston during the day time on any given day, though. This is because many people who work in Boston commute from other parts of Massachusetts, Rhode Island, or New Hampshire, in addition to the people in town for conferences and other events.
Boston is a great place to live, but it’s important to protect yourself with Boston renters insurance from Effective Coverage. See below to find out how easy it can be to get started!