Welcome to our St. Paul, MN Renters Insurance Guide. Effective Coverage writes these city renters insurance guides because we’re on a mission. We want to educate renters on how easy it is to get renters insurance, and to simplify its complexities. Did you know that only forty-four percent of renters have renters insurance? That means over half of the renters in the country would be in financial ruin if a fire were to occur. In line with our core values, Effective Coverage is aiming to change that by helping to increase that statistic to 40 percent by the end of 2017. We call it the Effective Coverage 2017 Renters Insurance Challenge.
Our team of St. Paul, MN renters insurance experts are working hard to give you the very best coverage at the most affordable price. Nobody wants to be in financial ruin due to one the leading causes of structure fires, a cooking fire. With over 200,000 cooking fires every year, and 800,000 structure fires throughout the country, we’re all going to need renters insurance to protect our personal property. Purchase your Minnesota Renters Insurance today with the only full-service renters insurance provider in the country dedicated specifically to renters.
St. Paul, MN Renters Insurance
Does St. Paul, MN Renters Insurance Cover Snow?
Sort of. If the weight of ice and snow causes damage to the building, and damages your personal property as a result, you’d likely have coverage for that personal property. There’s not any coverage for being snowed in, though. That’s just one of those unfortunate life moments.
On the other hand, if someone falls in the snow in a public area that you were supposed to clear snow from, such as a sidewalk, the liability coverage could kick in. Your negligence caused their injury, which is exactly the sort of instance that liability coverage on St. Paul renters insurance is designed for.
Regrettably, snowmen are not insurable due to their inherent fragility and the very specific conditions under which they must be stored. Actually, let’s qualify that statement. For the right price, a Lloyd’s syndicate might take on the risk, but that would have to be one amazing snowman to be worth the price.
Can I Get Renters Insurance In St. Paul If I Have A Roommate?
Absolutely, and you should! Renters insurance won’t cover both of you by default, so it’s important to make sure you have the coverage you need. You can either get a policy for each of you, which is the preferred method because it leaves no questions about splitting coverage on a pro-rata basis, or you could endorse the roommate onto your existing policy in many instances.
The latter is not ideal. If there isn’t enough coverage for the property of everyone endorsed onto the policy, you’ll find that the policy limit is split on a pro-rated basis between everyone on the policy. If 75% of the things in the apartment were theirs, they’d get 75% of the claim payment. That would be less than the total value of the loss if the policy limit had been met, which is never a good situation for anyone to be in.
Can I Get Affordable Renters Insurance In St. Paul?
Easily! Minnesota Renters Insurance is less expensive than in many neighboring states. Besides, that rather hinges on how you define affordable. On average, a policy will cost about fifteen dollars a month. That’s pretty affordable for most people, especially considering it’s not really enough money that you could do anything else with it! You’re not going to get into a Vikings game on fifteen bucks, for sure. You’re not going out on a date for that amount of money. These days, you can barely buy a pack of smokes for fifteen dollars in some areas.
So yes, St. Paul renters insurance is affordable and easy to find. Effective Coverage works to match you with the right policy for your needs, at the best price. As the St. Paul renters insurance experts, we’re here to guide you through the process, help you understand the coverage, and make sure you’re getting value for your money.
Does Renters Insurance In St. Paul Cover Damage From Frozen Pipes?
Water damage and sudden and accidental bursting are both covered by St. Paul renters insurance. As a result, water damage from frozen pipes would be likely to be a covered loss.
As always, we have a claims story for that. There’s a community we work with just outside of St. Paul that consists of several multi-story apartment buildings. For reasons unknown to anyone, an upstairs tenant went away for the weekend and left the bathroom window open. In January. In St. Paul. You see where this is going already…
When the pipes burst (because it was a guarantee that it was going to happen sooner or later), the resident below her had significant amounts of water dumped on her bed, clothes, and electronics. She was able to file a claim for her personal property and get the amount of money she needed to replace it all. Her insurance then went after the liability coverage of the upstairs resident who had left the window open and caused the pipes to burst. The liability claim was paid to the insurance company that had already paid the personal property claim, and neither one of those two individuals were out any money out of pocket.
That’s why you make sure you have renters insurance in St. Paul.
Renting In St. Paul, MN
Saint Paul is the capital of Minnesota and the second most populous city in the state with 294, 873 people. It’s the county seat of Ramsey County, the most densely populated county in Minnesota. It mostly lies on the east bank of the Mississippi River, right next to Minneapolis, the largest city in the state. The average home price in St. Paul is $245, 449 and the average rent per month is $1,161. It works out about evenly to rent vs buy, but many people prefer the simplicity of maintenance being someone else’s problem.
St. Paul was originally a trading and transportation center when it was founded as a Native American settlement. Today, the city is well known for its state government and the jobs that come with it. The Xcel Energy Center, Science Museum of Minnesota, and EcoLab are just a few of the important structures the area has. Saint Paul has built a reputation for having a high literacy rate, and it was the only city in the United States with a population of 250,000 or more that experienced an increase of Sunday newspapers in 2007.
Major companies such as EcoLab, the cleaning and chemical product company was named as the eighth best place to work in the Twin Cities with companies that have over 1,000 employees. Gander Mountain, a retailer of sporting goods which has 115 stores in 23 states is based here. The 3M Company is another St. Paul company that employs over 16,000 people throughout Minnesota. The Ford Motor Company’s Twin Cities Assembly Plant was opened in 1924, but was unfortunately closed at the end of 2011. The site is being tested for contamination to prepare for redevelopment as its buildings are being cleared out.
Saint Paul is ranked 2nd for having the most higher education institutions per capita. It has three public and eight private colleges and five post-secondary institutions. Its more well-known institutions include the Saint Catherine University, Hamline University, Macalester College, Saint Paul College, and the University of St. Thomas.
We’re sure that you love having the reputation for being among one of the most educated areas in the nation. But even living in this beautiful city doesn’t protect you from the risk of not having renters insurance when catastrophe strikes. More than 800,000 structure fires occur every year which leave residents in significant financial ruin. Call us today and get protected.