Only forty-four percent of Americans have renters insurance. Let’s let that sink in for a moment. And fifty-six percent of your neighbors do not have Lincoln, NE renters insurance to protect them. That also means that you’re unprotected because you have no recourse if they injure you or cause you to suffer property damage.
One of the most often cited reasons for not having Nebraska Renters Insurance is that people don’t understand the coverage. They know it’s important, but they don’t understand the details of the policy and they don’t want a product they don’t understand. We can’t blame them, honestly – we don’t want to buy something we don’t understand, either! The second most often mentioned reason, of course, is cost, but that’s frequently misunderstood. We’ll touch on that in a moment.
As the nation’s only full-service insurance company dedicated to the needs of renters, our core values dictate that we work to educate renters. That’s why we do these renters insurance guides for large cities, and why we make sure that everyone who buys a policy understands what they’re buying and what it does for them. Education is also a big part of our Renters Insurance Challenge. In a nutshell, we challenge the insurance professionals of America to work with us to get 40% of the nation’s renters covered by the end of 2017.
Lincoln, NE renters insurance doesn’t have to be confusing, and it doesn’t have to be expensive. If you have more in depth questions, many people have found our post and renters insurance videos to be helpful. But you can always reach out to us, as well, by phone or web chat, and a friendly Lincoln renters insurance expert will walk you through everything you need to know. Whether you live in Lincoln, Lancaster County, Seward County, or Waverly, renters insurance is affordable, easy to set up, and easy to understand.
Lincoln, NE Renters Insurance
How Much Does Lincoln, NE Renters Insurance Cost?
Well, the national average cost of renters insurance is $15.00 a month, or $180.00 a year. Renters insurance in Lincoln is actually cheaper than that, though. Lincoln, NE renters insurance averages only $151.00 a year! Most people just pay that for the year rather than worrying about sending off a check for $12.58 every month, but $12.58 is, in fact, the average monthly cost!
The mean hourly wage in Lincoln is $19.58. That means that the real cost of a renters insurance policy is just thirty-eight minutes of your time. And after all, when we count the cost of something, our time is the real commodity we’re selling, money is nothing but a proxy for time spent working. 38 minutes is an incredibly low cost for protection this valuable!
What’s Covered By Renters Insurance In Lincoln, NE?
We could go through all the renters insurance perils, but we’ve found that giving topics that broad their own page is a better way to convey the information. That said, Lincoln renters insurance covers a list of things that could happen to your personal property such as fire, theft, and vandalism. The full list is much, much longer, though, so make sure to click through above to see it.
Liability is also covered on your Nebraska Renters Insurance. This pays for bodily injury or property damage that you cause to others. If you caused an apartment fire renters insurance would cover the damage to your personal property, damage to the building, damage to personal property of others, and injuries to others, up to the policy limit. Most people can’t write a six figure check just because they cause a fire. Lincoln, NE renters insurance means you don’t have to.
Does Lincoln Renters Insurance Cover My Kids?
Absolutely! Your children are considered to be “insured” even though they’re not the “named insured”. There’s an interesting caveat to be aware of, however. If your six year old punches another kid and injures them, your liability covers him even though it’s an intentional act with “expected and intended” consequences. Children under the age of thirteen are not generally subject to the “expected and intended” exclusion because they’re presumed not to have the capacity to expect or intend serious bodily harm, for instance, as a result of their actions.
If your fourteen year old punches another kid, there would likely not be coverage for that. If it was a friendly tap on the arm in greeting to a peer who happened to have an undisclosed clotting deficiency, that might be covered because your child had no reason to know that the injury would be serious, or even that injury would occur, but that’s an outlier with a very specific fact pattern which is not likely to apply to your situation.
Their personal property is covered, as well. While the odds of them taking property in excess of your deductible to camp are probably low, their property would be covered if they were away at camp. College students should have their own policies if they’re away, but if they live at home they’re generally covered as well.
Do You Still Have Questions About Lincoln, NE Renters Insurance?
That’s just fine, because we have the answers you need! Work with a friendly renters insurance expert from Effective Coverage and you’ll get the right answers, the right policy, and the right price. You’ll also get a relationship with a professional who cares about insurance.
Renting In Lincoln, NE
As the County Seat of Lancaster County and the capital of Nebraska, Lincoln is a busy city. Over 260,000 people live here, making it the largest city in the state by population. It’s also one of the healthiest cities in the United States, according to Gallup Healthways. An average home price of $163,424 and an average rent of just $733 makes Lincoln an affordable place to live, as well. What more could you want beyond a healthy, affordable city?
How about the full four-season climate experience? Many places in the US don’t get all four seasons to speak of, but the hot and humid summers balance a comfortable spring and fall, as well as a chilly winter. On the other hand, the unique placement of Lincoln can result in tornadoes, so it’s important to make sure your Lincoln, NE renters insurance covers wind losses. Most do, but as always, read your policy to be certain.
On the other hand, you could just work with the renters insurance experts at Effective Coverage, and know that you understand the terms of your policy because a friendly Nebraska Renters Insurance expert took the time to answer your questions and made sure you got the right coverage at the right price.