Florida is such an amazing place to live. The beautiful weather, the beaches, the nightlife makes it an ideal place to be. Thousands of people rent condos, apartments, and homes here in Florida. As with homeownership, as a renter, you do have some responsibilities of your own. Your number one responsibility as a renter is to purchase a policy to protect your belongings.
Cheap Florida renters insurance is not hard to find online right here. In fact, most companies can provide you with inexpensive premiums for a policy. The average cost of a policy here in the Sunshine State is around $18 per month.
What are the limits on a basic renters policy cover?
While a policy will cover your belongings inside of your rental, tenants need to understand they are only covered up to a certain dollar amount. For example, you can purchase a policy with limits of $5,000 up to $500,000. Usually, a policy will not be able to cover valuable possessions. If you own expensive jewelry, your policy may not cover it. Not only jewelry but vintage records, art, and rare books, you will not be covered.
You can always still cover these items. Try looking into purchasing a rider. This is a policy that will cover specified items, aka insurance for high-value items. Generally, high-value items are considered to be over $1,000.
Depending on the coverage you select, a policy can add up to be expensive. How much coverage you want can be summed up by how much you want to pay. You can always receive cheap Florida renters insurance by increasing your deductibles.
You can also lower costs by having a solid credit score. Renters with a nice score end up paying less for coverage than those who do not.
Is a FL renters policy required?
Most of the time your landlord will require to purchase a policy. That way they aren’t responsible for your belongings. There is no law out there that says its required. However, it is recommended. A policy is a smart investment for you.
How do I start my search for cheap renters insurance in FL?
To get started, you will need to collect a few quotes on a website. It’s best to collect 3 or more. Review each quote and compare rates. Always remember to review the companies as well. You want a professional company that will be there for you in your time of need.