Oregon Renters Insurance
Whether you recently graduated and are moving in to your first apartment, or have recently sold your home and are looking to downsize, renter’s insurance is a must-have. Whatever your situation, you’ve worked hard to get where you are, and want to avoid having it quickly disappear because you weren’t carrying adequate renter’s insurance. If you live in Woodburn, Sheridan, or anywhere in between, protect your past and safeguard your future with a comprehensive renter’s policy from Barlow Insurance.
What is renter’s insurance?
A renter’s policy is intended to cover you as a tenant, in a property owned by a third party. Because tenants do not own the dwellings in which they live, a renter’s policy does not contain coverages A (main structure) and B (other structures) like a homeowner’s policy.
Why do I need renter’s insurance?
In today’s world, most landlords require that their tenants take out a renter’s policy prior to leasing a property. Even if your landlord does not require this, renter’s insurance protects your belongings and safeguards you from liability if someone is hurt or injured on the property. Comparatively, renter’s insurance is fairly inexpensive, making it an affordable option to help safeguard your future.
There are four major portions to any homeowner’s policy, which are described below. When you receive your Barlow Insurance renter’s quote, you will typically see prices associated with each of these coverages:
- Personal Property –The best way to understand what this section covers is by imagining that you can pick up your house, and turn it upside down. Anything that would fall out will be covered under personal property.
- Additional Living Expenses – This section covers additional expenses you incur as a result of being unable to reside in your home, above and beyond your normal expenses. Typical examples would be hotel stays, the additional cost of food, etc.
- Liability – Liability coverage extends not only to your residence premises, but in most cases, to anywhere you are. This section covers damage to others, which includes damage to the property of others (i.e. your tree falls on a neighbor’s home), as well as physical injury (i.e. a friend slips and falls on your front steps).
- Medical Payments – This section covers immediate medical expenses arising out of a liability claim, such as paramedic services, ambulance rides, etc. Medical payments are generally applied regardless of fault.
What does renter’s insurance NOT cover?
Each carrier has their own benefits and special coverages, so having a qualified, knowledgeable homeowner’s agent on your side can help you easily navigate what can be a confusing maze. The agents at Barlow Insurance will be happy to review your policy for any gaps in coverage, such as special limits for jewelry or firearms.
What discounts can I get on my renter’s insurance?
Despite the differences in coverage, most carriers offer discounts for not having submitted any claims within a specified amount of time (usually three or five years), for protective devices such as deadbolt locks and monitored alarms, as well as for a high credit score. The agents at Barlow Insurance can also counsel you on how to save additional money, such as raising deductibles or bundling multiple policies together.
What should I avoid when purchasing renter’s insurance?
The most common problems associated with renter’s insurance are having inadequate coverage limits, and not understanding what is specifically covered under a policy, as well as what isn’t. Your Barlow Insurance agent will sit down with you to gain a clear understanding of exactly what kinds of coverage you need, what limits should be present on your policy, and will then thoroughly review your policy with you to ensure your complete understanding.
How can Barlow Insurance help me with my renter’s insurance?
Barlow Insurance specializes in taking the hassle and confusion out of purchasing renter’s insurance. We have relationships with the nation’s largest and most trusted insurance companies, which means we’re sure to find the best coverage for your specific needs.
How can I get a renter’s insurance quote?
Call Barlow Insurance at (503) 472-6036 or request a quote online to obtain your free quote today. Whether you’re renting in Grande Ronde or McMinnville, we’ll make sure the process is simple, straightforward, and hassle-free.