Renters Insurance: Do You Really Need It?

 A guide to renters insurance:
 
Once you find your dream rental and you are all set to move in, there is one last thing you need to consider – Renters Insurance in Louisiana.  Even if the neighborhood is great and the risk of break-in low, there is always a risk of a natural disaster like hurricanes, floods and fires.
 
Most of us try to rent our apartments or homes in the safest neighborhood in the city.  While that is a great start towards protecting your belongings, it doesn’t protect you from all mishaps.  Renters insurance in Louisiana can help with more than just your personal property.
 
Why do you need renters insurance?
 
Many consider renters insurance as an additional financial burden, and that insurance is meant for expensive items we own like house, car or shop. Most of the time, it is avoided since it involves a cost, and you may feel home insurance should be done by the landlord. As a matter of fact, the landlord may have insurance, but that only covers the structure of the home. It doesn't cover the things that belong to you.  In order to protect your belongings you’ll need to invest in a renters insurance policy in Louisiana.
 
A renters insurance policy in Louisiana can provide peace of mind in case of disaster, like fire or flood. Even if a disaster happens on another floor of your apartment building, if the building is deemed unlivable you’ll need to find somewhere else to stay, renters insurance in Louisiana can provide coverage for loss of use.  
 
 Renters insurance doesn't cost much!
 
In terms of cost, renters insurance is relatively cost-effective.  Depending on the monetary value of your possession, it normally runs below than $1 a day, which is pretty low if you compare it with the kind of coverage it provides.
 
 Identifying the correct policy:
 
Renters insurance in Louisiana can be purchased from a variety of available options that depend on where you live and your age. While there are incremental policy dollar amounts, you should consider the cost and condition of your higher-priced possessions, some items may require a rider due to their value. 
 
If you happen to have an existing renters insurance policy and are moving to a new place, your existing policy should carry over, but you need to register the new address with your insurance agent and the new address may affect your current rates. 
 
In case you are considering taking out a new renters insurance policy in Louisiana, you need to decide how much coverage you need ahead of time.  Consider taking an inventory of your belongings, assets, and property that could be lost or destroyed in event of a mishap. Assign a value to each and add up the list.  Next decide how much you could afford to pay to replace everything on the list. Don’t allow your deductible to exceed the dollar amount you can comfortably pay out of pocket.  With your personal property value in hand, call Kelly Lee Insurance and allow one of their experienced insurance agents to shop your renters insurance for you.  ​

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