New Graduates, Protect Your Stuff At Home

Posted by  //  June 6, 2016  //  Allstate, Articles

Allstate Offers Tips to First-Time Renters

Congratulations, you did it. You got the diploma, the job, and now you’re renting your first apartment. As you take on this new financial responsibility, make sure your apartment and what you’ve purchased inside of it, is protected.

When you lived at home, your parents were the ones responsible for your belongings. But in the real world, that responsibility falls on you. To keep you from stressing about the inevitable “Did I lock the door” question, consider purchasing a renters insurance policy, which may help keep personal belongings properly covered in case of theft or damage.

Kayla Taylor, Allstate New York Spokesperson, knows how difficult it can be adjusting to living on your own, but ensures that renters insurance will make the transition easier. “An average premium for a renters policy with a $15,000 limit, generally costs about the same as having a pizza delivered each month. Therefore, not only is it affordable, but it can give new renters peace of mind, knowing that at least they have something taken care of when they are first starting out.”

Allstate suggests some relatively simple things that a first-time renter can do to help keep track of their belongings:

  • If you’re living with roommates, personalize your items.  Engrave them with names, personalize with hard-to-remove stickers, use permanent marker.

  • Create an inventory. Take pictures of your valuables (and their serial numbers) so they can be identified later.

  • Lock your door whenever you leave. This may be the single most important rule. An open door is an open invitation.

  • Get to know your neighbors.  Recognize and report strangers and encourage others to do the same.

  • Don’t let strangers into the building.  Don’t prop outer doors open.

  • Monitor who has keys to your place. Avoid loaning neighbors, former classmates, or acquaintances keys to your new place.

  • Take out a renters insurance policy. Renters insurance will help protect your property from the unforeseen events that may come your way.

According to a 2015 Insurance Information Institute (I.I.I.) poll conducted by ORC International, 95 percent of homeowners had homeowners insurance but only 40 percent of renters had renters insurance.

Some common reasons that consumers give when they choose to not buy a renters insurance policy include:

  • They think the landlord has it covered

  • They think it’s too expensive

  • They don’t know it exists

  • They feel they don’t have enough possessions to warrant a policy

A renters policy can help cover losses due to common perils like theft, fire and smoke, vandalism, and water damage from accidental discharge or overflow from certain systems and appliances. So when you’re out and about and asking yourself, Did I leave the stove or the faucet on? You could be covered then, too. In addition to coverage of these common claims, renters insurance can help by reimbursing the policyholder for reasonable increases in living expenses such as the extra cost to live in a hotel or other rental unit when a covered loss makes the rental unit uninhabitable. Renters insurance can also provide liability protection and guest medical coverage in case someone gets injured.

For More information and a new quote please call Shirley Eizember, Pinckney Insurance Agency, 41 Port Watson St, Cortland New York. 607-756-8505

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” The Allstate brand’s network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada. In 2014, The Allstate Foundation, Allstate, its employees and agency owners gave $34 million to support local communities. Allstate employees and agency owners donated 200,000 hours of service across the country.

[mappress mapid="32"]

Leave a Comment

comm comm comm