We’re glad you’ve taken a moment to learn about Columbus, OH renters insurance. One of our core values is education about the need for Ohio Renters Insurance. We do this because so few people even know the coverage is available, much less that it’s affordable and everyone should have it. Whether you live in Columbus, or in nearby suburbs like Reynoldsburg, Grove City, Westerville, or Dublin, you need to protect yourself from the vagaries of life.
Currently, fifty-six percent of renters lack Columbus, OH renters insurance. That means that almost three-quarters of the renters in Columbus have no protection at all if the worst happens. Whether it’s a fire in your own apartment or an apartment explosion next door, or any of a thousand other ways, life will do its best to get you. Fight back against Murphy’s Law with renters insurance in Columbus.
Are there reasons that people go without coverage? Sure, there’s always a reason for things. Are there good reasons to avoid buying Columbus, OH renters insurance? No. It’s less expensive than you think, and it’s easier to get than you had dared to hope.
Effective Coverage, the nation’s only full-service insurance provider dedicated solely to renters, is working to get more residents covered with Ohio Renters Insurance. As part of our core values, we believe in educating renters about the protection available to them and about how affordable it can be. We also believe in offering service from insurance experts for renters, to make sure you and your policy are perfectly matched.
Columbus, OH Renters Insurance From Effective Coverage
True or False? Landlords may require you to have renters insurance
True! Your landlord may require renters insurance in Columbus, OH and anywhere else in the country! Why? Because they’re allowing you the use of their real estate for a period of time, on the strength of little more than your word. Security deposits are great for small issues like a hole in the drywall caused a the doorknob bumping into it repeatedly over a period of time.
Security deposits, however, are not so great for taking care of things like a tenant-caused fire, or damage from frozen pipes after a tenant leaves the windows open in January. Those expenses get large very quickly. That’s why landlords generally require Columbus, OH renters insurance, so the liability portion of the coverage can respond to events like that.
Does Renters Insurance Just Protect My Landlord? Why Doesn’t He Buy His Own Insurance?
He does. That covers his liability and the building. But deductibles on commercial policies can be tens of thousands of dollars on a large loss. If you’re responsible for the fire, do you want to pay his $20,000 deductible? What happens when the landlord’s insurance company wants you to reimburse them for what they paid out to fix the building after the fire? That’s called subrogation and it’s a very real possibility. One couple was sued by a commercial carrier because they burned down an apartment building trying to cook a squirrel with a blowtorch. Don’t let that be you, make sure you have the liability coverage you need.
It’s also important to remember that the landlord is not responsible for your belongings. Even if he wanted to, he wouldn’t be allowed to insure your property. Purchasing coverage requires that you have what’s called an “insurable interest” in the property being insured. In other words, you own or control part or all of the property being insured, or otherwise have a legitimate interest in the safety of it. Your landlord doesn’t own or control your property, and the condition of your property is not his problem. As a result, he doesn’t have an insurable interest and therefore can’t insure it. Insurance is, at its core, the transfer of risk, and your landlord has zero risk associated with your property, so there would be nothing for him to transfer. That’s why you need Columbus renters insurance, because no one but you can insure your property!
Does Renters Insurance Cover My Invited Guests?
Absolutely. If their property suffers a loss as a result of a covered peril, the personal property section of your policy can cover that loss, at your request. If you’re out to dinner with your out of town guest, and someone breaks into your apartment and steals their laptop, coverage could be available for their property.
Additionally, if they’re injured on your premises, medical payments to others coverage and/or liability coverage will respond appropriately, depending on the exact fact pattern of the situation. If the injury is of the sort that just requires a quick urgent care visit, medical payments to others can take care of it. If it requires significant treatment, exceed the limits of medical payments to others coverage, or may not have been your fault or responsibility, then the liability portion of your Columbus renters insurance can kick in to
In a nutshell, though, yes, your guests are covered in several ways by your renters insurance in Columbus.
Renting In Columbus, OH
As the capital of Ohio, Columbus attracts many people. Over 800,000 people live in the city, but the average home price is only $147,632. The average rent is just $758 monthly. We’re not surprised the population of Columbus is so high considering its affordability, along with other numerous positives.
Columbus has a diverse economy, based on sectors such as government, insurance, banking, aviation, and food. This, combined with a ready pool of workers, has helped to make the area home to the headquarters of five different U.S. Fortune 500 companies. For example, NetJets, the largest fractional ownership jet aircraft fleet, is located in Columbus. From fast food leaders such as Wendy’s and White Castle, to Ohio University, one of the largest universities in the United States, many different types of businesses call Columbus home. These are just a few of the reasons why BusinessWeek rated Columbus as one of the 50 best cities in America with an A ranking of top cities for business. Forbes rated the city and the number one up-and-coming tech city in the nation in 2008.
Even when you live in a place with all the opportunity of Columbus, the worst can happen. Although there is a positive outlook for the booming city, you won’t be feeling too happy when catastrophe strikes. Reach out to Effective Coverage today to get covered in just minutes!