Effective Coverage Offers The Delaware Renters Insurance Coverage You Deserve
Many Delaware residents are renters. This makes sense, because of the state’s perfect location between a number of major cities. It’s a great place to live a peaceful life while maintaining the career opportunities that cities up and down I-95 provide. From Wilmington to New Castle, Newark to Lewes, and all the way out to Rehoboth Beach, residents rent their homes. The First State is also first in lifestyle, for those who don’t want to live where they work.
People make their homes here because they want a better lifestyle, but they often forget to protect that lifestyle. Only forty-four percent of residents have Delaware renters insurance. That leaves fifty-six percent of them completely without protection. Some people don’t know that they can insure their property and liability risk without owning a home. Some people assume that the coverage isn’t affordable, though fifteen dollars a month sounds quite affordable to most people. Effective Coverage is on a mission to dispel misconceptions and help Delawareans protect their assets, their families, and their futures.
2018 Delaware Renters Insurance Guide Table Of Contents
- Who Is Effective Coverage?
- What's Covered By Renters Insurance In Delaware?
- What Does Delaware Renters Insurance Cost?
- Are Things Stolen From My Car Covered?
- I Have Nothing To Protect, But My Landlord Requires Insurance!
- Can I Buy Delaware Renters Insurance Online Today?
Who Is Effective Coverage?
- Effective Coverage makes renters insurance easy.
- Born from our founder’s loss, our mission is to protect Americans.
- Many Americans don’t have renters insurance because they don’t know they’re entitled to protection as renters.
Effective Coverage is the premier provider of renters insurance in Delaware, but we’re more than that. Effective Coverage is a company that was born without bricks or mortar, conceived from the ashes of a fire. Founder Eric Narcisco lost everything in a fire, and realized that his broker hadn’t even suggested that he buy renters insurance. After the fire, it was too late, of course. That event, and the palpable pain that comes from learning of an avoidable risk after the fact, drives all of our insurance experts to work to protect every renter in America.
With Effective Coverage, you’ll get the right answers and guidance. You’ll also get the ability to get covered in just sixty seconds online. Innovation has always been a key part of the company’s DNA. From new ways to make it easier to get covered to new ways for landlords to track insurance compliance, we’re leading the InsurTech revolution. It’s a revolution in favor of the people, making it easier than ever to protect your family.
What's Covered By Renters Insurance In Delaware?
- Your property is protected at the cost to buy new property, this is called replacement cost.
- Covered types of losses include fire, theft, vandalism, and many other losses.
- Liability pays costs of injury or property damage you cause to someone else.
- Liability also pays for legal defense costs.
- Loss of use pays for a hotel after a covered loss.
The first thing most people think about when they consider coverage is personal property. Delaware renters insurance covers your personal property, and usually at replacement cost. But what is it protected against? The standard tenant policy includes coverage for a long list of named perils listed in the policy. These are things like fire, windstorm, theft, and vandalism, but the list is much longer than that.
Liability coverage is the reason your landlord wants you to have the policy. If you negligently cause bodily injury or property damage to someone else – or to the rented premises in specific situations – the policy would pay for that loss. If there’s a question about whether you are liable, the policy pays to defend you against the claim or lawsuit as well. What if a guest suffers a minor injury? You didn’t cause it, you’re not really responsible for it. Medical payments to others can kick in to resolve that small situation.
Don’t forget about loss of use, or additional living expenses, coverage. After you suffer a covered loss like a fire, loss of use pays to help you maintain your standard of living while repairs are being made or while you find a new place to live. Hotels are expensive. They also are one of the very few options available when a covered loss forces you to stay elsewhere during repairs.
Delaware renters insurance is designed to be a package policy so that you have comprehensive coverage. To use a fire as an example, additional living expenses are paid in the interim period. You get to buy new property to replace what was lost to the fire. If the fire was your fault, the liability coverage on your policy defends you against the claims of others who suffered a loss from your fire, including the landlord, the neighbors, and their respective insurance companies. All of this is just part of a renters policy. Sure, there are additional types of coverage you could add – but the basic policy offers strong protection on its own.
What Does Delaware Renters Insurance Cost?
- The average cost of renters insurance in Delaware is about $15.00 monthly.
A basic renters insurance policy in Delaware might offer $15,000 of personal property coverage, $4,500 of loss of use coverage, $1,000 of medical payments to others coverage, and $100,000 of liability coverage. In addition, defense coverage for liability claims is outside of the policy limits, meaning that whatever is spent defending you against a claim doesn’t reduce the available limits. All of this costs an average of $187.00 per year, or about $15.00 a month.
Delaware renters insurance is quite affordable, and prices have stayed low. When you consider what it can protect you against, the cost of two lattes a month sounds like a bargain. Effective Coverage works to keep premiums low, helping you to keep money in your pocket where it belongs while still maintaining the affordable coverage you deserve. Just because you spent a fortune on the things you own doesn’t mean you have to spend a fortune protecting them.
Are Things Stolen From My Car Covered?
- Theft is a covered loss – from your home or your car.
Yes! Renters insurance covers your personal property, wherever it is. Items stolen from your vehicle are covered. You must use ordinary care to secure them, of course. If you’re shopping for holiday gifts, lock things in your trunk at the mall. Don’t leave your windows down or your doors unlocked. If you act with the care that a reasonable person would use, Delaware renters insurance can cover personal property stolen from your vehicle.
What happens if the property is recovered? If the insurance company has paid you for the value of the stolen property, the recovered property then belongs to the insurance company. This is because you’ve already been made whole for the loss by payment of your claim. When you make the claim, you assign your right of recovery to the insurance company. In some cases, this means your right to recovered property. In other cases, it means that by making the claim you transfer your right to sue the person who caused a loss, such as a neighbor who started the fire. The insurance company can proceed in your stead, and they will if recovery seems likely.
I Have Nothing To Protect, But My Landlord Requires Insurance!
- Landlords aren’t responsible for your property.
- Landlords can sue you for damage you cause. Renters insurance protects you.
Then it sounds like you need to buy a policy! Your landlord can and may require you to have Delaware renters insurance. Your landlord doesn’t want to be left holding the bag if you cause damage to the property through a fire or a water problem, so they require you to be covered. But even if you don’t think you have much to protect, it’s still worth having the coverage.
Remember that the policy provides replacement cost coverage. If your couch was donated by your parents, you’ll still get the cost to replace it with a new couch of like kind and quality. Even if you don’t have much, it’s still very much worth having the protection that renters insurance gives. The less you have, the harder it is to recover after a loss. Delaware renters insurance helps you to get back on your feet in a number of ways, as we’ve seen above.
Can I Buy Delaware Renters Insurance Online Today?
Yes! You can get covered right now quickly and easily. With Effective Coverage, you can get a Delaware renters insurance policy online in just sixty seconds, or you can call and work with an insurance expert for renters. Just call (800)892-4308 or click to get covered - whether you need Delaware 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.
Renting In Delaware
Now that you know how important renters insurance in Delaware is, you also know how easy and affordable it is to get covered. But what address are you going to put on the policy? You’ll need to find an apartment in Delaware, and that can be a challenge. You’re living in a small state with tax advantages, so you’re not the only person who wants to live here!
The biggest cities in Delaware are Wilmington, Dover, Newark, Middletown, and Smyrna. If you’re looking for a home in Newark, you could consider Iron Hill or The Bluffs Apartments. In Dover, you’ll find Cannon Mills, Eagle Meadows, and the Village of Westover. These communities are all managed by Morgan Management, offering an upscale lifestyle and a true sense of community.
Wherever you choose to live in Delaware, Effective Coverage can help you to protect your property and your future. Renting in Delaware is affordable and so is renters insurance. Many people use Delaware as a base and commute to one of the many nearby cities for work. The First State has plenty to offer right here at home, however.