Why is Florida Renters Insurance so important in Miami? There are a few major reasons.
Miami, FL Renters Insurance Is Required By Most Landlords
That’s right. When you sign a lease on an apartment in South Florida, you can expect to be asked for proof of Miami, FL renters insurance. If you’re moving from out of state, your old policy from Boise just won’t do. It has to be a Florida policy that’s compliant with the liability limits and other requirements of the landlord.
Effective Coverage works directly with many communities in Miami, and interfaces daily with other communities in the area. We understand the requirements and how to accomplish them with the best coverage for you and the least amount of money out of pocket.
Miami Is A Large City With The Attendant Increased Risk
Miami is a very safe city, as cities of similar size go. But because you’re close to so many other people, there is a slightly increased risk of property losses. You’ve spent a lifetime building up what you have, it’s important that you protect it. It only takes one tourist with an attitude problem to make a liability claim, and you could be tied up in litigating that for years.
Miami renters insurance protects you from both property risks and liability risks, as well as provides you with a defense to liability claims which would reasonably be covered under the policy. That last part alone is worth its weight in gold: If you were sued for something that would be covered under the policy, those legal costs alone could bankrupt you. A solid Miami, FL renters insurance policy takes care of defense costs associated with that suit, as well as takes care of the judgment or settlement if there is one.
Hurricanes Have More Impact Than Just The Windstorm
You probably know that many Florida renters insurance policies exclude wind. That’s common across all carriers. If you really want it, you can get a wind policy from the insurer of last resort, though there may be little reason to. A windstorm loss is unlikely to directly impact you because you’re not insuring the building, only the contents. A properly constructed newer apartment building is practically immune to most windstorm damage that would affect the contents of the building.
What it’s not immune to is the after effects of a hundred year storm. If Miami is expected to be hammered by a major hurricane, and most people evacuate, what are the odds that those citizens remaining behind will behave well after the hurricane has moved on? Looting would be a covered loss under a Miami, FL renters insurance policy. The windstorm didn’t cause the looting, the hooligans took the opportunity to exploit a deserted city and take what they wanted. Since the wind isn’t the proximate cause of the loss, coverage could be available to protect you.
The same goes for fires resulting from civil disruption after the storm, for example. It’s important to remember how broad a Miami renters insurance policy is. It includes far more than it excludes, and it’s a crucial way to protect your family. At an average of between fifteen and twenty dollars per month, renters insurance in Miami is a real value and something no one should be without.
Effective Coverage works to understand the needs of renters and get them the best policy at the best price, while helping the insured understand what the policy covers and under what situations. The insurance experts for renters can get you a Miami, FL renters insurance policy in just minutes!
Renting In Miami, FL
Miami is a city with a booming economy. Part of that is based on tourism, of course, but part of that is also based on local industry. Whether you need a quiet, upscale Miami hotel or you’re a local business owner who needs printing in Miami, you’re sure to find everything you want here. Most Miami businesses are good corporate citizens and hire locally and pay good wages, which helps the local economy to thrive with both tourist and non-tourist businesses. Work here is by no means limited to the service industry.
Miami, FL is located on the Atlantic Coast of southeastern Florida, and the greater area is often referred to as just “South Florida.” As the county seat of Miami-Dade County, a great deal of business and money flow through the town, making it something of a land of opportunity, as well as the 42nd most populated city in the United States. 420,000 people call Miami home, and the majority of them are renters who carry Miami, FL renters insurance to protect themselves.
The largest concentration of international banks in the country is in downtown Miami. Between tourism and business, these banks not only do business here, but also help people who have recently arrived to send money to family abroad, providing a valuable service to families which have been split apart in the name of opportunity. Miami, FL is, as you probably know, the cruise capital of the world. This, too, brings good jobs and plenty of money into the area.
The city is dotted with marinas, rivers, bays, canals, and other bodies of water, and those bodies of water are dotted with services for boaters, bars, restaurants, and everything you could imagine to be necessary on the perfect vacation. Life in Miami is, in many ways, not unlike a permanent vacation.
Did you know that Miami has a booming biotechnology and medical research industry? Good work is being done here to further the cause of medicine and science, in large part with the assistance of local universities. It’s not just about the permanent vacation lifestyle, there’s serious research and major discoveries have come out of Miami, making it one of the most important cities in the country in many ways.
Miami has several sports teams, though not all of them garner the fan bases they would like based on their win records. The Marlins play baseball here, with the Rays not far up the coast. The Miami Heat plays basketball, often in competition with the Orlando Magic. The Miami Dolphins get football fans excited, especially when they beat the Jaguars once again! Florida even boasts two ice hockey teams and a soccer team. There’s always plenty to do here.
If you live in Miami, chances are you’ll be spending quite a bit of time outside your home, enjoying the city, the culture, the scenery, the water, and the sports teams. It’s important to protect your property that you’ve worked so hard to accumulate, so make sure you call Effective Coverage today for a Miami, FL renters insurance policy to keep your family safe.
