Thanks for taking a moment to stop by the Effective Coverage Manassas, VA Renters Insurance Guide. We are the only company offering a full complement of insurance services dedicated to meeting the needs of renters. Virginia Renters Insurance is important to have, but many people don’t know much about what it does or why it’s important. That’s why we put together these city and state renters insurance guides, to help make the information available.
What Should I Know About Manassas, VA Renters Insurance?
Well, that’s why we created this guide. Keep reading! The first thing that you should know is that Manassa renters insurance is not nearly as expensive as you probably expect it to be. Many people expect that renters insurance will cost almost as much as homeowners insurance. That’s just not true, because you’re not insuring the home itself. Lacking a few hundred thousand dollars of Coverage A for the dwelling tends to take quite a bit off the price. The average Virginia Renters Insurance policy costs about fifteen dollars a month. The same fifteen bucks some people spend daily on coffee will buy you plenty of protection and peace of mind.
Who Is Effective Coverage, Anyway?
Effective Coverage is for renters. Our firm was built from the ground up to be a resource for not only Manassas, VA renters insurance, but for all of the other types of insurance a renter might need. We were founded by a renters who lost everything after his neighbor had a fire, who then realized that there was no good source of information or coverage. From humble beginnings, Effective Coverage has grown to become the leading provider of renters insurance nationwide, and remains the only company truly invested in helping to protect renters.
If you walk into an insurance agency in Manassas, you’re likely to get less than stellar service because you’re buying an inexpensive product that doesn’t tend to build relationships. Traditional insurance agents are focused on large policies that bring in revenue and lead to other large policies via the creation of a relationship with the insured. We’re happy to create that relationship if that’s what you need, but we’re also happy to offer coverage that keeps you compliant with your landlord’s requirements and protects your family – we’re fine with selling “just” a Manassas renters insurance policy.
Call (800)892-4308 or click to get covered - whether you need Virginia 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.
Manassas, VA Renters Insurance
Does Manassas, VA Renters Insurance Pay For A Place To Stay After A Fire?
Yes. Your Manassas renters insurance policy has a coverage called “loss of use” or “additional living expenses.” This coverage is designed to make sure you’re taken care of after a loss that forces you out of your apartment. A few summers back, a rare type of windstorm called a derecho hit the DC metro area. It ripped the roof off several apartment complex buildings, along with doing other significant damage. When that storm came through, obviously all the residents in the building couldn’t stay in their apartments, this was not a roof leak so much as the roof was literally just gone.
Since wind was a covered peril on their policies, those residents who had coverage were able to stay in a hotel without having to pay for it themselves while repairs were completed. It ultimately took several weeks, because structural engineers had to confirm the building remained sound, and then the entire roof needed to be rebuilt. Could you afford to stay in a hotel for several weeks with no advance warning? Even if we’re conservative about the cost of a hotel in Manassas, these residents would have been out several thousand dollars just for the cost of the hotel, not to mention eating out because they couldn’t cook at home, etc.
Loss of use is triggered whenever a covered peril causes you to not be able to live in your apartment. If someone kicks in your door and steals your stereo, and the apartment complex can’t replace the door that day, the theft (and vandalism of kicking in your door) could trigger loss of use until repairs could be made, for example.
How Does Manassas Renters Insurance Help Me If I’m Sued?
If you’re sued because you hurt someone or damaged their property, your Manassas, VA renters insurance policy will respond. You advise the insurer of the claim as soon as you’re aware, and then you tender your defense to them. What does “tender your defense” mean? In simple terms, you’re saying “Here’s what I know about the claim, here’s all the information I have that would be useful to you, now it’s your problem to retain a lawyer and deal with this.”
Yes, that means that the insurer will pay for your defense – it’s also their defense since they’d have to pay the claim, and generally it doesn’t impact the amount of coverage available because that defense is outside the policy limits. Once they’ve defended you against the claim, if you’re still found liable or if they determine settlement is the best option, they’ll pay that claim or settlement up to the policy limits. You don’t owe anything for the defense or the claim.
One more thing about renters insurance liability coverage… There are exactly two people who should be aware of your liability limits: Your apartment management (if they mandate the coverage) and a lawyer who represents you/your insurer. Never, under any circumstances, should you discuss your liability limits with anyone else. Not ever.
Have you noticed that auto insurance cards don’t have limits on them? They say something to the effect of “This card certifies that the insured carries at least the required amount of liability insurance.” That’s because people have a tendency to take action against someone with higher limits that they might not take against someone with lower limits. If you accidentally bump into someone on the street, knock them down, and they break their leg, that is not the time to discuss how much coverage you have to make them whole. If they know you have $500,000 of liability, they’ll find a way to try to sue you for the full amount instead of what they’re actually entitled to. It’s a best practice to never discuss limits on any kind of insurance.
What Is A Deductible On Renters Insurance In Manassas, VA?
The deductible is the amount of risk you retain with regards to Coverage C, personal property. You’ve contracted with the insurer to pay for certain kinds of losses. Manassas renters insurance is designed to make you whole from severe losses, not from losses you can reasonably cover out-of-pocket. Because of that, you retain some negligible amount of risk in the form of a deductible. Generally it’s the first $250, $500, or $1,000 of a loss. Once you’ve paid that amount towards the loss, the insurer picks up the rest of the loss up to the policy limit.
Keep in mind, the renters insurance deductible is not paid to the insurer. Generally the insurer cuts a check for the loss amount minus the deductible, and then you cash the check and pay your deductible to whomever sells you the replacement property. It’s shockingly common for people to think they have to pay their deductible to the insurer in order to file a claim, and that is simply flat out not true. This is one of the most common misconceptions about renters insurance, as a matter of fact.
Renting In Manassas, VA
Manassas, VA is a city in the suburbs of Washington, DC on the NoVA side. 41,000 people call it home, and the city has grown significantly in recent years. It’s easy to see why, with a median household income of $68,531 and lower housing costs than much of the rest of the area. The average home is worth $235,324 and the median gross rent is just $1,284. This is far less than other suburbs like Fairfax. Manassas is both affordable and friendly.
It’s easy to get around, as well. I-66 comes right past the city, and from there you can get to DC, or anywhere else you might prefer. That’s a good thing, because a roughly equal number of people commute out of Manassas to work (mostly in Washington) as people who commute in. That’s part of the reason that I-66 can be something of a challenge to navigate in either direction at rush hour. This is a contrast to most cities, where there is a “heavy” direction at rush hour, but the other side of the highway heading the opposite direction is less congested. If you prefer, Amtrak and Virginia Railroad Express both serve the city, and some have found the train to be a better way to commute.
Whatever your reason for living in Manassas, you’ll need to protect the things and people that are important to you. The best way to do this is with Manassa, VA renters insurance from Effective Coverage. One call or click can get you covered, for just a few cents a day.
To find out how Effective Coverage can protect you, and how affordable it is, just call (800)892-4308 or click to get covered - whether you need Manassas 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.
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