Let me paint a picture for you: it’s a late November night, you have 2 exams in the morning, and you’re desperately trying to get some well deserved rest to prepare for the mentally draining day ahead. It’s storming outside, and the wind is picking up quite rapidly; all of a sudden–CRASH!– the window by your desk breaks and a mixture of snow and rain rushes into your apartment. Your laptop is wet, your bluetooth speaker is shot, and now you don’t have internet because the router just broke–what a nightmare! What are you going to do? Of course you can call the emergency maintenance number posted in the hallways and get the window fixed that night, but what are you going to do about your own property that was damaged? How are you supposed to focus and perform on your exams with all this added stress?
Stress not, this is just one of the many reasons why renters insurance is of utmost importance. A simple call or visit to the insurance’s website is all it takes to replace your ruined property. Renters insurance is a HO4 named perils insurance policy. A named perils policy specifically lists the perils the policy insures. If damage is the result of a peril that is not listed on the policy, the HO 4 insurance policy will not insure the damage. Nevertheless, if the peril is listed, you are insured, the the insurance company will replace all your damaged property.
There are tons of insurance companies that provide HO4 policies, and they all insure different items, with various amounts of coverage, covering various types of events, with various monthly premium rates. From catastrophes like fires and floods to property protection for your bike and portable electronics, a good renters insurance policy can save you an enormous amount of money. And the best part is, you can get a good policy for only about $10/mo!
I will be detailing the pros and cons of different renters insurance providers in future posts, and I have found some phenomenal companies that love helping tenants! This week’s post will be about an insurance company call Jetty. They provide renters insurance as well as security deposit and guarantor alternatives. They are a solid financial institution backed by the publicly traded State National Companies. Jetty never has a problem paying out on a claim and they cover so many different instances for as little as $9.38/mo!
Thanks for reading! I will be posting the detailed report of Jetty very soon!