Welcome to our Toledo, OH Renters Insurance Guide. Did you know that less than half of the renters in America have renters insurance? There’s roughly 65 million renters without renters insurance, meaning they’re vulnerable to catastrophe with no protection. Our team of insurance experts are working hard to protect every renter with the best coverage and the most affordable price. We want to increase the forty-four percent of renters with Ohio Renters Insurance by the end of the year. In line with our core values, we’ll be tackling the 2017 Effective Coverage Renters Insurance Challenge.
Call one of our Ohio Renters Insurance experts, or use our self-service portal online and receive a competitive quote for Toledo renters insurance in 5 minutes either way. It’s our mission to educate renters of how to easily obtain renters insurance, and to simplify the complexities that come along with renters insurance.
Toledo, OH Renters Insurance
How Much Does Toledo, OH Renters Insurance Cost?
Generally, Ohio Renters Insurance costs about fifteen dollars a month. That’s a negligible amount of money for the protection you get. Fifteen dollars a month doesn’t buy you much of anything anymore, but it will buy you renters insurance in Toledo! Many people just toss their change into a jar each day and either monthly or annually use it to pay for their renters insurance. That’s how inexpensive it is!
Do I Need To List My Family On Renters Insurance In Toledo, OH?
That depends. Are you related to them? We don’t mean to be flip, it’s a serious question. Many people consider their family to include, say, a fiancee and her kids. But if you’re not married, you’re not related to any of them. In that instance, you would want to list them on your renters insurance in Toledo.
Setting aside outlier situations like the above, here’s what the actual policy form has to say about the issue: “Named insured” is defined as the Named Insured, resident spouse, and resident relatives. While relatives is not defined in the policy, policies are generally construed in the least restrictive way which favors the insured. If you take in your grandchild, they’re a relative. If a friend stays with you for a while, or a roommate, they’re clearly not.
There’s a bit of gray area, to be sure, but the best way to look at is to ask yourself, “If there were a claim, does the policy document bind the insurer to provide coverage for this person?” If the answer is “maybe,” or “no,” you’ll want to list them on the policy separately or endorse them on as a roommate. We have a separate post dealing with the question can roommates share renters insurance, so we’ll not dwell too long on that specific case.
Ultimately, you want to make sure that the policy document says that the person in question is covered. Whether that’s by definition, endorsement, or adding an additional named insured is dependent on the particular situation you face. For what it’s worth, adding an additional named insured is not always the best way to go in situations other than spouses. If there were to be a claim, the check would be made out to both named insureds, would require both signatures to cash, and both would be equally entitled to the entirety of the money.
Does Toledo Renters Insurance Cover Damage From The Neighbor’s Kids?
Yes. If your neighbor’s kids vandalize your home, the loss is covered. Vandalism is a covered peril on renters insurance, so you’d just have to make a claim to have it repaired. On the other hand, it’s worth considering what happened. Was your home not properly secured? Was their malice behind the act that could crop up again? Or were the kids just bored and happened to find a can of spray paint?
If you can solve the root problem, you might be able to prevent a future claim. You also could potentially pursue a liability claim on the neighbor’s insurance, though coverage might depend on the age of the child involved. Children under 13 are generally presumed not to have the capacity for negligence, so liability coverage extends to acts they commit that might be considered intentional acts if they were older.
How Can I Get Toledo Renters Insurance?
That’s the easiest answer yet! Just call Effective Coverage, or go online and chat with a friendly Toledo renters insurance expert. If you prefer, you can even handle the entire process through our self-service portal.
Renting In Toledo, OH
Toledo is the fourth most populous city in Ohio, right behind Cincinnati, Cleveland, and Columbus. There are 284,012 people in the city, and they all benefit from the beautiful sunset view of Lake Erie. The average price for a house in Toledo is $108,044 and the average rent per month is $659.
Toledo quickly grew as a city because of the Miami and Erie Canal and its location on the railway line between New York and Chicago. Its auto assembly, education, healthcare, sports teams, and art community have helped shape its reputation. Its booming glass industry has earned it the nickname “The Glass City”.
The city’s Great Lakes region gives it the humid continental climate its residents are glad to have. There is a variation in temperature and precipitation throughout the year, though. The “lake effect” moderates the climate in the spring and fall, but isn’t strong enough during the winter since it freezes over. The southern and western prevailing winds and warm surface water of Lake Erie in the summer negate the lake effect further.
With the rise of the automobile industry, the city became well known for the industrial products, but this field has declined in the early 20th century. General Motors and Chrysler had factories in metropolitan Toledo, where manufacturing has always been an important industry for the area. Jeep was the largest employer for Toledo for most of the 20th century but was recently taken by the University of Toledo. Its metro area has four Fortune 500 companies: Dana Corporation, Owens Corning, The Andersons, and Owens Illinois.
Whether you’re busy building cars or watching TV at home, forgetting about the possibility of catastrophe is a grave mistake. With over 400,000 structure fires that occur throughout the country every year, there’s always a possibility that any resident could lose their personal property worth thousands of dollars at any moment. Call Effective Coverage today and purchase our superior renters insurance for the best price.