Thanks for stopping by to take a look at the official Orlando, FL Renters Insurance Guide. In line with our core values, Effective Coverage works to educate renters on the availability and convenience of Florida Renters Insurance, as well as the benefits of the policy. Many people are unaware of what renters insurance covers, as well as the risks of being without it.
Did you know that Orlando is one of the few places in Florida where wind and hurricane coverage is available as part of a standard renters insurance policy? Find out why wind is excluded on most Florida renters insurance policies. Effective Coverage is the home of the Florida renters insurance experts, from Miami all the way up to Jacksonville and beyond.
Orlando, FL Renters Insurance
Can I Get Hurricane Coverage On Renters Insurance In Orlando?
You sure can! Orlando renters insurance is one of the few areas in Florida where you can get coverage for windstorms and hurricanes. That’s because you’re inland enough that the risk is quantifiable and the insurance carrier can get reinsurance on it. That wouldn’t be the case if you needed, St. Petersburg Renters Insurance, for instance.
The next question most people ask is whether they should take the wind coverage, since they don’t live on the coast. Orlando renters insurance generally offers wind as part of the package, it’s not an optional coverage. What you do have a choice on is the deductible, which can vary based on the type of coverage.
What Is An Orlando Renters Insurance Deductible?
Simply put, a deductible on renters insurance in Orlando is the amount of risk you retain. In other words, it’s the amount of money you pay out of pocket before your claim is paid. $500 is a pretty standard amount for these, though other amounts do exist in the wild.
Orlando renters insurance often has a separate deductible for hurricanes and all other perils (“AOP”). This allows you to spread your risk retention in the way you’re most comfortable with, allowing for the right balance of price and coverage.
Make sure that the deductible you choose is an amount of money you can afford to spend! We’ve seen people choose a higher deductible just to save a few bucks on their renters insurance in Orlando, and it never ends well. If the five dollars a year is a deal breaker, think carefully about whether you can afford that higher deductible!
What Does Renters Insurance In Orlando Cover?
Renters insurance in Orlando protects you personal property against perils named in the policy such as fire, theft, vandalism, and even wind on most policies in Orlando. You’re also protected against liability, if you were to cause bodily injury or property damage to another person or entity. That would include negligent damage that you did to the apartment, such as might come from an accidental apartment fire.
You also get coverage for loss of use. If there’s a covered loss such as a fire, your additional living expenses can be covered. Medical payments to others is a no fault coverage that comes with the policy and covers injuries suffered by someone in your apartment.
My Landlord Requires Renters Insurance In Orlando, Can He Do That?
Sure he can! In Florida, a landlord can put nearly any terms he wants in the lease. You signed it, it’s a binding document, and we’re certain you read it before you signed it. If Orlando renters insurance is required in your lease, you need to have it.
Your landlord can’t require that you work with any specific provider, of course. But they can certainly require that you maintain renters insurance from a provider of some kind. You can work with anyone you choose, and you should work with a renters insurance expert. The guy who does your auto insurance may not spend much time writing Orlando renters insurance, and the best way to get a good policy is to work with an expert in the field.
Effective Coverage has spent years in the field of renters insurance, building expertise and authority as the nation’s premier renters insurance provider.
Is It Hard To Find Orlando, FL Renters Insurance?
It can be, if you’re searching for it on your own. It’s easier to find renters insurance in Orlando than in coastal Florida, but Florida can still be a tough market for all types of insurance. There’s a dearth of companies willing to write renters insurance in Florida. Working with a renters insurance expert means your policy gets placed with a company that has an appetite for exactly your type of risk. That results in improved pricing, as well as improved service and claims service.
That’s why you need to work with the renters insurance experts who know where to place the business to get you the best combination of price and coverage.
It’s Safe Here Because Of All The Tourists, Why Do I Need Orlando Renters Insurance?
People often ask if they need renters insurance in Orlando because it’s such a safe city, what with Disney being based in the area and all. While we admit that a significant effort is made to keep tourists safe in the Orlando area, it’s not perfect. Bad things still happen. Sometimes those tourists themselves are the problems, causing property damage or theft.
Just like a certain hypothetical cat, there is no way to predict or prove that you won’t suffer a loss. Just because Orlando is a safe town doesn’t remove the need to maintain renters insurance. What if you cause injury to someone else? Do you want to pay for that out of pocket? No, that’s what Orlando renters insurance liability coverage is for.
Renting In Orlando, FL
Welcome to the theme park capital of the world! Orlando boasts theme parks and tourism aplenty, but this city of 250,000 in central Florida is a great place to live permanently, too! The median home value is just $138,000 which is indicative of the cost of living. The median rent is only $954.00. That’s right in the middle ground of affordable housing, nationwide. The jewel in Orange County’s crown, it’s also the 26th largest metro area in the US. More than 57 million tourists a year come through Orlando, which is a significant benefit to the local economy.
121,000 households call Orlando home, and the vacancy rate is up slightly which makes searching for an apartment a bit easier. The average family size is 2.97, slightly above the national average, which suggests that people think Orlando is a great place to raise kids.
Another major economic driver is the convention industry. The Orange County Convention Center was expanded to over two million square feet in 2004, and it’s the second larges convention complex in the US in terms of square footage. Orlando, Chicago, and Las Vegas host a roughly equal number of convention visitors each on an annual basis. MCO, or Orlando International Airport, is the second busiest airport in the state of Florida, trailing only MIA.
No matter where in Orlando you choose to live, protect your lifestyle with Orlando renters insurance from Effective Coverage, the renters insurance experts!