We appreciate you taking the time to review our Jacksonville, FL Renters Insurance Guide. Florida Renters Insurance can be complex, and it’s important to work with an expert who knows the ins and outs of renters insurance in Jacksonville. Working with a renters insurance provider who understands your needs means that you can rest assured you have the right policy at the right price.
Did you know that only forty-four percent of American renters have the renters insurance they need? More still have less coverage than they think they do! At Effective Coverage, we don’t just offer renters insurance, we offer education to help you determine what your needs are, in line with our core values.
Jacksonville, FL Renters Insurance
Does Jacksonville Renters Insurance Include Wind?
While there are exclusions, generally renters insurance in Jacksonville will include wind coverage. That gives you protection against hurricanes, though it’s usually not a significant coverage issue either way. Why? Because you live in an apartment. You don’t own the home, and you’re not responsible for the structure. Odds are fairly slim that you will suffer a property loss as a result of a hurricane, because the structure remains standing even if damaged.
But on the off chance you do suffer a loss, wind coverage is often part of the policy on Jacksonville renters insurance. That gives you some extra peace of mind. Often there are two separate deductibles on your policy, one for wind and one for all other perils. It rarely makes sense to change one without changing the other, because it makes so little difference in the cost of a policy. Saving two dollars a year by upping one or both deductibles to $1,000 is a false economy and will cost you far more than what you’ve saved when it comes time to make a claim
Why Is My Landlord Requiring Renters Insurance In Jacksonville?
Landlords generally require renters insurance in Jacksonville for one of two reasons. The first is to clear up a common misunderstanding. How much personal property is your landlord responsible for? Zero is the obvious answer. Some people think otherwise and assume that the landlord is responsible for some or all of their stuff. The problem is, they’re not. Your property, your responsibility. Period. Requiring renters insurance both helps to drive home this point and also to make sure that the resident has something to fall back on should there be a personal property loss. By ensuring that the resident is able to cope with a property loss, residents are happier and retention is improved.
The second reason is that the landlord is allowing you to use an asset of significant cost and hoping that it comes back to him in the same state he loaned it to you. In order to make sure that’s the case, most landlords require liability insurance, in the form of renters insurance in Jacksonville.
By having Jacksonville renters insurance, you’re making sure that you’re not at risk for a huge judgment if there’s a significant loss like a fire. Remember that if the fire is your fault, you’re also responsible for the property and injuries of others affected by the fire. Ultimately, Florida Renters Insurance protects you.
What Does Personal Property Coverage Do For Me On Jacksonville Renters Insurance?
Renters insurance in Jacksonville comes with personal property coverage. This protects the things you own against risks like fire, theft, and vandalism, as well as many others. Think about what would happen if you suffered a fire or theft. Would you be able to replace the property? What if it’s property like a laptop that you absolutely need for work or school? Most people couldn’t.
What would happen if you had company and their personal property suffered a loss from that fire? Jacksonville renters insurance is able to cover property of guests, as well, at your request. Personal property coverage protects you and your property wherever you happen to be. If you’re on vacation in Arizona, you suddenly have Tucson renters insurance while you’re there. The personal property coverage follows the property itself, generally speaking.
What Does Liability Coverage Do For Me On Jacksonville Renters Insurance?
Liability coverage on your renters insurance in Jacksonville protects you if you cause bodily injury or property damage to someone else. That could take the form of a fire that causes property damage to your apartment, or to a neighbor. It could also take the form of you dumping your coffee on someone by accident and burning them. Their injuries would then be covered by your liability, because you’re responsible for it.
Liability protects you from paying off that judgment for the rest of your life. The other thing that liability coverage provides is a defense. That means the insurance carrier will provide lawyers to defend or settle a claim against you that would be covered under the policy.
Do I Really Need Renters Insurance In Jacksonville?
Of course you do! Everyone needs renters insurance in Jacksonville and nationwide. We’re working towards getting 40% of renters covered with the provider of their choice. Over 30% of Americans don’t even know that renters insurance exists and is available to protect them. Our aim is to change that and make people aware of how to get the protection they deserve. It just takes one phone call or one click!
Renting In Jacksonville, FL
Did you think Miami was the largest city in Florida? Many people do, but that’s not accurate. With a population of 836,500, Jacksonville is the largest city in Florida and covers the largest land area of any city in the continental US. It grows at a rate of about a percentage point of population annually. The mean housing price is just $197,400 and the median rent is only $886.00 so it’s also an affordable place to live. Situated in Duval County, on the east coast of the state, it’s perfectly located to get anywhere you want to go. I-95 and I-10 will take you just about anywhere in the country. Jacksonville also has easy access to air transportation, as well.
Jacksonville Harbor has been improved into a deepwater port used by both military and civilian ships. With two Navy bases and the port, defense and transportation are important industries. Florida being Florida, tourism is important, as well. Many firms in banking, insurance, and healthcare have their headquarters here. The median household income is $40,316 which is enough to live a decent lifestyle in Jacksonville.
Jacksonville is a great place to live, but you need to make sure you’re properly protected with Florida Renters Insurance from Effective Coverage.