Welcome to our Milwaukee, WI Renters Insurance Guide. You’re not alone in thinking about getting Wisconsin Renters Insurance. Only forty-four percent of renters in the country are protected currently, and there are 6 million additional renters that Effective Coverage is aiming to get covered by the end of the year to reach 40 percent! With Effective Coverage, you’ll be protected with the best policies available. We’re working hard to educate renters, simplify the complexities of renters insurance, and to give them a low price on their renters insurance policy. We call this campaign the Effective Coverage 2017 Renters Insurance Challenge.
Why purchase your renters insurance elsewhere? Effective Coverage, the only full-service insurance company dedicated specifically to renters, provides inexpensive coverages with the protection you deserve. You’re not going to want to be stranded after a devastating fire because you’re in financial ruin. That’s where we step in and help you recover from that loss by protecting your personal property and covering you for liability if the fire was your fault.
Milwaukee, WI Renters Insurance
Since It’s A Big City, Is Renters Insurance In Milwaukee Expensive?
Not at all. Generally you can get Milwaukee renters insurance for about fifteen dollars a month. It’s not really any more expensive than it would be in a rural area, like Vermont Renters Insurance. Fifteen dollars a month is the national average, which makes renters insurance from Effective Coverage one of the cheapest ways to protect yourself.
The great thing about renters insurance is that it’s so cheap that even if the price varies a little bit, it’s barely even noticeable. If it were to be 10% more expensive because you’re in Milwaukee (it’s not, by the way, we’re just proving a point) then it might cost $16.50 a month. That difference can be made up from the change in the cupholder of your car. It’s not an amount that has a real impact on life or on a budget.
You won’t pay more that you have to to get Milwaukee renters insurance with Effective Coverage.
Does Milwaukee Renters Insurance Cover Snow?
Weight of ice and snow is a covered peril on your Milwaukee renters insurance policy. That means that it’s on the list of thing that the policy covers the risk of. If the weight of ice causes water to leak through the roof and damages your new computer, that could well be a covered loss.
Also, if you’re responsible for snow removal and someone slips on the walk and sues you, your liability coverage will protect you from that risk as well. Whichever way you look at it, you’re covered with a Milwaukee renters insurance policy from Effective Coverage.
If I Have Milwaukee Renters Insurance And Go To Florida For The Winter, Is My Property Still Covered?
Absolutely. The best part is, you have coverage for your personal property whether it’s at home in Milwaukee or in Florida, and you don’t even need Tampa Renters Insurance to cover it. Your policy protects your property when you’re on vacation.
If you’re traveling for extended periods of time, you’ll want to discuss this with your renters insurance expert, but generally there can be coverage at both locations.
Did you know that renters insurance in Milwaukee also covers you while you’re in the process of moving, at both locations? You have 30 days while moving your principal residence where coverage would be available at either location. It’s still best to inform your insurance company immediately, but you’re covered in the interim.
Does Renters Insurance In Milwaukee Cover Replacement Cost?
Yes! Renters insurance in Milwaukee generally includes an endorsement for replacement cost coverage on personal property. The reason for this is that the standard HO-4 policy form is written as actual cash value. Actual cash value is bad because it only gives you the depreciated value of your property.
Replacement cost, on the other hand, is exactly what it sounds like. It gives you the amount of money necessary to go out and replace the property with something new, of like kind and quality. Some companies simply write the check and call it a day. Others will issue a check minus depreciation first, and then reimburse you for the difference when you provide receipts showing you replaced the property. Either way, the claim is going to be for what it costs to go buy a new item.
This is a question you should always ask when buying renters insurance, to make sure you can replace you twenty year old couch with a new one instead of having to buy one at a thrift store! Also remember that computers and other electronics depreciate quickly. Replacement cost coverage is crucial to making sure that you can recover your life after a significant loss.
Renting In Milwaukee, WI
Milwaukee is the 39th most populous region in the country, and is the largest city in Wisconsin. It’s conveniently located on the southwestern shore of Lake Michigan, and is a booming metropolitan area with a population of 2,000,000 people. Its average home price is $151,905 and average rent per month is $904.
The largest city in Wisconsin is known for its brewing traditions, where significant additions to the area include the Wisconsin Center, Miller Park, and Milwaukee Riverwalk. Milwaukee first became synonymous with Germans and beer during the 1850s. They were able to collaborate creating breweries when they arrived in the area. More than twenty-four breweries existed by 1856 in Milwaukee, which were mostly German owned and operated. Although only one the major breweries remain in Milwaukee, Miller, there are a variety of taverns and bars located throughout the city today. Many condos, lofts, apartments and skyscrapers have been built in neighborhoods near its lakefront and riverbanks too.
Milwaukee experiences the amazing “lake breeze” due to its close location from the convection current which forms around mid-afternoon in light wind regimes. The lake breeze occurs most often between the months of March and July, where residents refer to this effect with the phrase “cooler near the lake”.
Milwaukee has the luxury of having six Fortune 500 companies, including Johnson Controls, Northwestern Mutual, Manpower, Rockwell Automation, Harley-Davidson, and Joy Global. Its metropolitan area ranks as the fifth most abundant areas with Fortune 500 companies. Milwaukee also has large number of financial service firms, ranging from mutual funds to transaction processing systems.
While you’re enjoying a refreshing alcoholic beverage courtesy of the city’s breweries, don’t forget you’re not going to want to give up that stability because of a sudden fire. Catastrophe can strike at any time, and cause significant damage to your home and personal belongings within minutes. Purchase your renter insurance from Effective Coverage today.