Thanks for taking a few moments to visit our Seattle, WA Renters Insurance Guide. Did you know that only forty-four percent of renters in the country have renters insurance? That means 65 million people are vulnerable to catastrophe with no protection. A fire can cause thousands of dollars in damages within seconds. Washington Renters Insurance is so inexpensive that everyone should have it. Most people don’t realize it’s available, nor how inexpensive it can be. We’re on a mission to educate all renters, simplify the complexities of insurance, and make it easily obtainable.
That’s why Effective Coverage aims to have 40 percent of all renters with renters insurance by the end of the year. We call it the Effective Coverage 2017 Renters Insurance Challenge. That would add an additional 6 million renters with the protection they need. In line with our core values, getting your Washington Renters Insurance will only take 5 minutes by calling our insurance experts, or accessing our self-service portal online.
Seattle, WA Renters Insurance
Should I Get Seattle, WA Renters Insurance?
Absolutely! Everyone should get Seattle renters insurance. At a cost of only around fifteen dollars a month, there’s no reason not to have it. From a finance standpoint, this is quite literally the most value you can get out of fifteen bucks a month. You can’t take one person to the Space Needle for fifteen dollars. The most basic general admission ticket is nineteen dollars!
Lamb Curry costs $16.90 plus tax, tip, drink, and appetizer, so you’re not going to go out for dinner on fifteen bucks, even alone. (Source) You can’t go to a movie on that money anymore, either. Besides, dinner and movies are things best shared with another person, and you’re certainly not taking anyone on a date for fifteen dollars. But you can insure your personal property and cover yourself against liability risk for just fifteen dollars a month.
Everyone should have Seattle renters insurance, and there’s certainly no financial reason not to have it!
What’s Covered By Renters Insurance In Seattle?
- Personal Property coverage protects your things from risks like fire, theft, vandalism, and falling objects. If anything listed in the covered perils section of the policy causes a loss to your property, you get the money to replace it. Replacement cost coverage on Seattle renters insurance is common, but make sure to double check your policy documents to make sure it’s on there! Also, you may want to consider open perils coverage on your policy. That simply means that if it’s not specifically excluded, the loss is covered. The list of exclusions is very small, and it’s better coverage, usually for a very small cost difference of a few dollars a year.
- Liability coverage does two things. First, it pays for bodily injury or property damage that you cause to another person through your negligence. Specifically, someone who is not a party to the policy. That’s why your landlord shouldn’t be additional insured, so that he’s not a party to the policy and could make a claim if you caused a fire, for instance. Liability coverage also will pay for a defense against a claim, should one arise. The insurance company fronts the money for you to lawyer up, it’s not coming out of your pocket. That leads to significantly better (and faster!) outcomes.
- Loss Of Use is often called the forgotten coverage, because so few people realize what the coverage can do for them. If a covered loss prevents you from using the apartment, your Seattle renters insurance will pay for you to stay in alternate accommodations. Have you seen what hotels in Seattle cost these days? You’d spend on one night about what the policy costs for the whole year!
- Medical Payments To Others is a small coverage for no fault injuries sustained by guests in your home. It doesn’t require a liability claim to be filed or for liability to be admitted, and it’s designed for the small things that happen every day – your child’s friend falls off the swing, a friend is helping you with dinner and cuts themselves in the kitchen, that sort of thing.
What’s Not Covered By Renters Insurance In Seattle?
- Perils not named in the policy
- Flood (water moving along the ground)
- Intentional acts of the insured
- Things excluded in the policy document
There actually are not all that many things that Seattle, WA renters insurance doesn’t cover. It’s important to review your own policy document, of course. and the best way to understand your coverage is to go over that policy document with one of our renters insurance experts.
How Can I Learn More About Seattle Renters Insurance?
Call, quote online, chat, or just look around our website – we’ve got some great posts answering common questions about renters insurance in Seattle and elsewhere, and we’ve got friendly renters insurance experts ready to answer the phone or your chat!
Renting In Seattle, WA
Seattle is the best known city in Washington, and is known as the coastal seaport city. Since there is a population of over 600,000 people in the area, we’re not surprised that it’s the fastest growing major city in the United States. It is an important gateway for trade with Asia, and has the 8th largest port in the country. The average home price in Seattle is $523, 227 and the average monthly rent is $1,402. That makes for quite a few renters in Seattle, because it’s often far more financially sound to rent than to buy.
Seattle’s first major industry was logging. But it was replaced by the 19th century when the city became a commercial and shipbuilding center as a gateway to Alaska. Seattle was already one of the 25 largest cities in the country by 1910, when it was soon hindered during the Great Depression which damaged its economy. Seattle made a comeback with companies such as Amazon.com, Microsoft and T-Mobile during the 1980s. Today, Seattle is the 15th largest metropolitan area with more than 3.6 million people.
Seattle has grown a reputation for having a lot of rain throughout the year. But this isn’t necessarily true since there is at least .01 inches of rain within 150 days, which is more than almost all U.S. cities east of the Rocky Mountains. The city’s light precipitation during the fall, winter, and spring seasons are overestimated.
Steady population growth has occurred throughout the state as the issue of accommodating those additional residents has become a challenge. With over 4,000 citizens entering the city year by year until 2006, it was expected that the population would grow even further by 200,000 additional residents by 2014. Its downtown Seattle population has increased to over 60,000 in 2009, a 77 percent increase since 1990.
There are four companies on the 2013 Fortune 500 list which include Amazon.com, Nordstrom, Starbucks, and Expeditors International of Washington. Other companies such as Costco, Microsoft, Nintendo of America, and the home trucking company Pacaar are all located in Seattle.
Whether you’re enjoying your Starbucks coffee or playing Nintendo games on your 3DS, you can’t allow yourself to forget that catastrophe could strike at any moment. Effective Coverage, the only full-service insurance provider dedicated specifically to renters provides you with the best Seattle renters insurance coverage for a competitive price.