Many People In Utah Rent Their Homes.
Because of a combination of a unique real estate market and many people passing through for a few years for work or family reasons, many of the people who live in Utah choose to rent instead of buy their homes. Whatever the reason you’re renting, know that you are in the same boat with many other people from Salt Lake City to St George. You all need Utah renters insurance.
Official Utah Renters Insurance Guide
Do you know how much coverage you need on your Utah renters insurance? Do you know why you even need to have the policy at all? Learn more with our video guide to renters insurance in Utah.
Why Do I Need Renters Insurance?
Because it protects you. Because it protects the people around you from your potential negligence. Because your landlord says so in the lease you signed. There are quite a few reasons that you need renters insurance, but the primary one is that it’s nearly impossible to recover a life after a catastrophe without it. If everything you own was lost in a fire, could you write the check to replace it all at current retail replacement cost? Most people wouldn’t be able to. Most people certainly wouldn’t be able to pay for the damages to other people, other apartments, and the building itself out of pocket. Utah renters insurance protects you from these potentially significant costs and risks.
Can My Landlord Require Renters Insurance?
Your landlord certainly can require renters insurance in Utah. It’s common to do so, especially with larger management companies. They’re taking a significant risk by letting you use the property for the term of your lease, so they want to make sure that you have insurance to cover any damage you may cause.
Why Does My Landlord Need To Be Listed As Additional Insured In Utah?
He doesn’t need to be listed as additional insured. He needs to be listed as an additional interest. The latter only provides notification to him if your policy cancels or lapses. Listing your landlord as additional insured on renters insurance in Utah has some potential consequences, as well, in the event of a claim. Additional insured status would confer coverage on him that he neither wants nor needs.
Who Is A Renters Insurance Deductible Paid To?
Your renters insurance deductible is not a fee paid to the insurance provider. A renters insurance deductible is the amount of risk that you agree to accept before the policy kicks in and begins to cover the loss. Common amounts for renters insurance deductibles include $500 and $1,000. The renters insurance deductible is per loss and not per year like a health insurance deductible would be. Think carefully before you choose the amount!
How Can I Get Utah Renters Insurance?
Renters insurance is available through Effective Coverage, the country’s leading provider of renters insurance in Utah and nationwide. Effective Coverage works to understand the needs of renters and offers renters insurance based on the coverage you need at a price you can afford. It’s easy to get your renters insurance started. Just call (800)892-4308 or click above for an instant online quote.