Louisiana Renters Insurance In The Pelican State
- Louisiana is The Pelican State because its coastal areas provide a habitat for the birds.
- Over 300,000 people rent in Louisiana, and most of them have no protection at all.
- Renting is a popular choice, and many landlords require renters insurance in Louisiana.
Welcome to The Pelican State! As a new resident, it’s likely that you’ll want to rent a home, at least for a while. When you think of life in Louisiana, what do you think of? New Orleans? Mardi Gras? Bayous? Well, it’s also known as the Bayou State, but you should be thinking about Louisiana renters insurance if you’re moving here. It’s the best way to protect your family and your future and it’s much easier to get that it used to be.
Back to that state nickname for a moment… Pelicans? When you think about the habitat of pelicans, you think of… Wait, where do pelicans live, anyway? The answer is Louisiana. The coastal areas are a perfect natural habitat for brown pelicans. At least they used to be, until pesticides created serious problems for the species. Fortunately, in 2017, the birds are recovering and thriving.
Renting an apartment is most popular in larger cities across the state. New Orleans, Baton Rouge, Shreveport, Metairie, Lafayette, and other cities in Louisiana offer plenty of opportunities for renters. The difference between available rentals in urban and rural areas is significant, often in both quantity and quality. The difference in risks experienced by renters in various parts of the state is also significant, and frequently overlooked. Renting away from the coast isn’t a guarantee that you’re safe from storms, because you live in the Bayou State.
There can be wide variance in the price of Louisiana renters insurance based on your location. In some cases, this is actually worth considering if you’re torn between two different parts of the same city, or two different apartments. Quote both to see if one will cost more to insure. If so, you should ask yourself why. Most policies here will exclude wind, so you have to look at factors related to you, as well as factors such as claims frequency and coastal risk that can impact the price of your policy. A difference in the price of renters insurance between two locations can actually tell you something about the risks of living there in many cases
Regardless of where you choose to rent in Louisiana, you’ll want to protect your home, your family, and your property. You can easily and efficiently get that protection with Louisiana renters insurance from Effective Coverage. Even if you didn’t know that renters were entitled to coverage, or you thought the price would be out of reach, you’ll be pleasantly surprised with how easy and affordable it is to get covered.
At Effective Coverage, our mission is providing solutions for those buying and requiring insurance, because insurance is our world, and we want you to get back to yours. You can buy a policy online in just sixty seconds, or call and speak with a friendly insurance expert who can help you choose coverage. If you’re a landlord, Effective Coverage offers efficient solutions for renters insurance compliance tracking in Louisiana. Tracking renters insurance in Excel is inefficient and error-prone. It’s also a thing of the past. You can get additional interest tracking of tenant policies without ever having to touch the mail.
Whether you need renters insurance in Louisiana or you need affordable Louisiana certificate tracking solutions, Effective Coverage has the answers. We make it easy and let you get back to the rest of your life. We’re easy to reach, online, by web chat, or by calling a friendly insurance expert at (800)892-4308.
2017 Louisiana Renters Insurance Guide Table Of Contents
- Why Is Louisiana Renters Insurance Important?
- What Should I Know About Louisiana Renters Insurance In 2017?
- Does Renters Insurance In Louisiana Cover Wind Or Flood?
- How Does Louisiana Renters Insurance Protect Me In 2017?
- Who Offers Renters Insurance In Louisiana In 2017?
- Louisiana Renters Insurance Fast Facts
- Bonus Section: 2017 Guide To Renting In Louisiana
Why Is Louisiana Renters Insurance Important?
- Life in Louisiana exposes you to many risks.
- Budget cuts can limit access to services after a loss such as temporary housing.
- Household budget problems can make recovery from a fire or theft more difficult than ever.
- Your policy can cover these expenses for you.
Living in Louisiana exposes you to a number of risks, and not all of them are natural. As budgets are cut over and over, there’s less money for services to help people recover or find new housing after a loss. These programs are disappearing rapidly. The reduction in services and the increasing costs of living also has the impact of causing people to save even less money than they already were. Those two factors make it nearly impossible for an individual or a family to recover from a disaster because there are so few resources to fall back on.
When you have Louisiana renters insurance, loss of use coverage is available to pay for additional living expenses after a covered loss. In other words, if there’s a fire or another covered loss and you can’t use your home as a result, the policy pays for you to stay in a hotel so you can maintain your standard of living while repairs are being done. The coverage applies whether you’re waiting for repairs on the apartment or searching for a new apartment.
Apartment communities that are professionally managed can be expected to require residents to have renters insurance in Louisiana. This is standard throughout the country, and ensures that the landlord isn’t left holding the proverbial bag if a resident starts a fire or causes another loss to the building. It also helps to make sure that damages suffered by a resident and caused by another tenant can be resolved quickly and efficiently. Not unlike auto insurance, the idea is to make sure that everyone who is putting others at risk is able to pay for the damages caused.
What Should I Know About Louisiana Renters Insurance In 2017?
- Individual risk, location, and residence condition impact your premium.
- Property condition can create additional risk, such as fuses instead of circuit breakers.
Companies that write renters insurance in Louisiana in 2017 are concerned not only with the risk of the individual and the general location of the residence, but also with the condition of the residence. If you live in an apartment community, this probably is not a concern for you. If, on the other hand, you rent from a private landlord it’s possible that the insurance company could be concerned about the property condition.
Why is property condition important for renters insurance, when you’re not insuring the building? First, the insurance company wants to know that there are no attractive nuisances on the property. This is anything dangerous which appeals to people. A trampoline that’s not properly secured is a common example. Second, they want to know that there are no factors increasing the risk of a claim occurring.
If the rental still has fuses instead of circuit breakers, that’s both dangerous and a red flag that other hidden deferred maintenance problems may exist. A landlord who can’t be bothered to replace fuses with circuit breakers over the last several decades probably has neglected other necessary maintenance to electrical, plumbing, or heating systems. That creates a higher risk of water damage claims from broken pipes, fire claims from older electrical systems, and similar losses. There is no reason for the company to accept that increased level of risk when it could so easily be mitigated.
When an insurance company brings a property condition issue to your attention, it’s a good sign that you should be concerned as well. What other health and safety issues might be hidden in the apartment? Is it someplace that you actually want to live and to expose yourself to the risk of?
Does Renters Insurance In Louisiana Cover Wind Or Flood?
- Flood is excluded, but what is a flood?
- For insurance purposes, “flood” is defined as water moving along, through, or under the ground.
- Water damage from burst pipes and similar losses are still covered.
- Wind is excluded throughout much of Louisiana.
- Wind and flood coverage may both be separately available.
Louisiana renters insurance excludes flood, just like most other renters or homeowners policies nationwide. Flood insurance is a separate product that’s unrelated to renters insurance. You can and may purchase contents flood insurance in many cases. Doing so is often a good idea because of the risk to your property. Since you’re only covering the contents, or your personal property, flood insurance for an apartment is much less expensive than coverage for the structure would be.
Damage from windstorms is often excluded from coverage on renters insurance in Louisiana. It’s important to understand how these claims would be processed, however. If the wind blows the roof off your home, any subsequent damage would not be covered – but that’s an unlikely scenario. If a hurricane causes an evacuation and your home is robbed during the evacuation, the theft is likely to be a covered loss. The hurricane wasn’t the proximate cause of the loss, someone stealing your property was.
If the wind severely damages your neighbor’s home such that it’s in danger of collapsing on yours, you may be ordered to evacuate by a civil authority. In that instance, you might be in a position to claim loss of use coverage based on that mandatory evacuation caused by the immediate risk of your neighbor’s home collapsing onto yours. Why the neighbor’s home is in danger of collapse is not relevant. The proximity of the risk to your home and the fact that you’ve been ordered to evacuate are relevant. A general evacuation order doesn’t trigger loss of use, but evacuation because of an immediate and adjacent risk to your home can.
Wind coverage may be available, if you desire. Most renters pass on the coverage, because the building is not their responsibility. Wind and hail coverage may be available through Citizens, or through other markets. Just ask your insurance expert what the options might be for your location.
How Does Louisiana Renters Insurance Protect Me In 2017?
- Louisiana renters insurance protects you, even when it’s required by your landlord.
- Personal property coverage replaces your stuff after a loss. What kind of loss? A long list of renters insurance perils.
- Liability pays for costs of bodily injury or property damage your negligence causes to a third party. It also pays defense and legal costs.
- Loss of use covers the cost of additional living expenses after a covered loss, such as a hotel.
- Medical payments pays for small injuries to guests, without concerns about fault.
You may be wondering, how does Louisiana renters insurance protect me in 2017? This is a common question, especially among people who are required by their landlord to buy the coverage. Your renters policy doesn’t insure the building, and it doesn’t protect the landlord. It’s designed to protect you and the things that are important to you!
Personal property coverage offers replacement cost on the things you own that are damaged or destroyed by a covered loss. Fire, theft, and vandalism are common examples but the entire list of covered perils on renters insurance is long and well worth the read. Your policy is worth reading, since it defines the perils more specifically as well as the situations and property that is covered.
Liability coverage pays for bodily injury or property damage that you cause through your negligence. It also defends you against a claim or lawsuit to make you responsible for those damages. The insurance company pays for a lawyer, but the lawyer represents you. Liability claims are often significant, which is why the coverage comes in increments of $100,000. Once you have a policy, it generally costs only a few dollars a year to increase the liability coverage. Defense costs are outside the policy limits, but bodily injury claims get more expensive year after year.
Loss of use pays your additional living expenses resulting from a covered loss. This could be hotel expenses, or even additional transportation costs to get your kids to school from the hotel. These costs are paid for the shortest reasonable time necessary for repairs to be made to your home or for you to find a new home if that’s necessary. This is the coverage that helps you continue your lifestyle even in the face of a major crisis.
Medical payments to others is there to pay someone who is injured as a guest in your home. The payment may not correspond directly to the injury, because you may not be responsible for it. Medical payments are there for situations where there simply is no liability to be found, and are more of a courtesy payment than compensation for a loss. If you have friends over for dinner, and someone helping you to clean up breaks a glass and cuts themselves, you’re not responsible – unless you intentionally sprayed the glass liberally with WD-40 before handing it to them. Medical payments coverage can help to compensate for the injury and smooth things over while ensuring that a later liability claim doesn’t arise from the incident.
Who Offers Renters Insurance In Louisiana In 2017?
The availability of renters insurance in Louisiana in 2017 is consistently in flux. Many companies don’t offer the coverage at all, and different areas open and close from time to time based on exposure and capacity. Effective Coverage has access to underwriters who are committed to the Louisiana property insurance market and to making the coverage widely available. When you work with Effective Coverage, you’re working with the Louisiana insurance experts.
It’s easier to get covered than you think. Gone are the days when you had to go to an office and deal with actual paperwork. Because Effective Coverage has streamlined the process to buy Louisiana renters insurance, one quick phone call to (800)892-4308 is all it takes. All of the documents are handled online, and you can be covered in minutes with all your questions answered. One call is all it takes.
Louisiana Renters Insurance Fast Facts
- The average price of renters insurance in Louisiana is about twenty dollars a month.
- Renters insurance in Louisiana can protect your entire family, including children.
- The average fire loss per structure is $20,700 according to the NFPA.
- Just because someone has insurance for the damage you cause doesn’t make you not liable. Their insurance company can sue you for the money they paid to cover the loss. Your policy defends you and pays for the loss up to the policy limit, if you’re liable.
- Renters insurance protects you from liability risk, risk to your personal property, and costs incurred following a covered loss
Bonus Section: 2017 Guide To Renting In Louisiana
Finding An Apartment In Louisiana
How hard is it to find an apartment in Louisiana? That depends on where you’re looking and what you’re looking for, as well as your budget. If your budget is appropriate for the area and you have a good understanding of what you’re likely to be able to afford within that budget, finding an apartment can be easy inside of cities. The rental market in smaller towns is more hit and miss, but not impossible.
You also need to decide whether you want to rent from a private landlord or in a large apartment community. Each requires a different strategy to find an apartment in Louisiana. At apartment communities, you should be prepared for some paperwork, background checks, and the usual process that goes with applying to live in a tightly controlled environment. With private landlords, you may face some paperwork but just as often they’re more interested in whether you can pay the rent. That’s often defined by your ability to pay the deposit and first month.
If you’re renting in a larger city like New Orleans or Baton Rouge, you’re much more likely to face paperwork and an approval process. In smaller cities like Monroe, Bossier City, and Kenner, a handshake and cash might be all it takes to find an apartment. Once you find the apartment, make sure you establish who is responsible for utilities, trash, and other bills and responsibilities – especially if you’re renting a single-family home. Often disagreements can arise over issues like these which should have been spelled out in the lease but were not.
Louisiana Tenant Rights
Once you rent an apartment, what’s the state of tenant rights in Louisiana? There are a couple of broad areas that are worth taking a look at. The first is your security deposit. The landlord can charge whatever security deposit they want. That gives you the chance to negotiate, but also risks tying up more of your money. It has to be returned within a month of when you move. There is no requirement that you do a move-in checklist, but it’s always a good idea to protect yourself by documenting the condition of the rental when you move into it. This can prevent misunderstandings and quibbles over deposit return down the road.
Your lease should spell out when, where, and in what form rent is due. Neither state nor local law speaks to the amount of rent, there is no rent control in the state. If rent is not paid when due, the landlord may begin to charge a late fee. That late fee is not set out in state law, which makes it a contractual matter between you and the landlord. In other words, if the lease does not speak to a late fee, the landlord may not charge one in any form. Standard leases, such as those promulgated by local landlord groups, generally have phrasing to cover this detail.
Louisiana tenants are entitled to a rental that is in good repair and meets basic health and safety standards. If the landlord doesn’t handle necessary maintenance such as a broken heater, you may “repair and deduct” in certain circumstances. In other words, this may entitle you to hire someone to fix the problem and deduct the amount from your rent. The relevant code says “If the lessor fails to perform his obligation to make necessary repairs within a reasonable time after demand by the lessee, the lessee may cause them to be made. The lessee may demand immediate reimbursement of the amount expended for the repair or apply that amount to the payment of rent, but only to the extent that the repair was necessary and the expended amount was reasonable.”
You have to give the proper notice to the landlord, detailed elsewhere in the code. The landlord has to fail to make the repairs. If qualified, you may make the repairs. Otherwise, you may hire someone to make the repairs. They must be necessary, either from a health and safety standpoint or a housing code standpoint. There may be relevant local law that speaks to this, as well. The amount you spend must be reasonable. What is reasonable? You can probably hire someone to fix a toilet and deduct the cost from the rent. If the cause of the problem is a rotted subfloor under the toilet, that repair can and should be made as part and parcel of the toilet repair. You cannot, however, expect to deduct the cost of new marble tile in the bathroom as part of fixing the toilet.
There are both local and Federal laws that also apply to the landlord-tenant relationship in Louisiana. Some of these have to do with equal housing, and some with other aspects of your tenancy. Bear in mind that not every law appearing to be relevant will be – certain Federal housing laws may not apply to someone who rents out half of a duplex and lives in the other half, for example. It’s important to know your rights, but knowing your rights involves understanding how they apply to your particular situation.
Repair and deduct is helpful when you have an uncooperative landlord and a burst pipe, but it doesn’t protect your property. That’s what your Louisiana renters insurance is for. Once you’ve found the perfect home, make sure you have the perfect protection. Just call (800)892-4308 or click above to get the Louisiana renters insurance you need with easy payments and coverage you can rely on. Effective Coverage insurance experts are happy to answer your questions and help you to understand what type and amount of coverage may best fit your personal situation.