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Short-term Renter's Insurance?

linj 22 16 June 10, 2012 at 05:07 AM
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Hi all!

I'm renting an apartment for a short time (three months), and need to get renter's insurance in order to finalize the lease.

If anybody knows of a short-term renter's insurance reference (and it needn't be the best coverage/service, as my personal belongings in that place will probably be very limited...), I'd love to hear it!

(Most renter's insurance policies that I can find online seem to require at least 12mo, which is slightly excessive for my case.)

Thanks!

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#2
Quote from linj View Post :
Hi all!

I'm renting an apartment for a short time (three months), and need to get renter's insurance in order to finalize the lease.

If anybody knows of a short-term renter's insurance reference (and it needn't be the best coverage/service, as my personal belongings in that place will probably be very limited...), I'd love to hear it!

(Most renter's insurance policies that I can find online seem to require at least 12mo, which is slightly excessive for my case.)

Thanks!
I was using State Farm, they allowed me to do 6 months. You take the renters insurance reoccurring every month for a year, but then you just cancel when you move out. I paid $10/month, for $25,000 personal coverage (their minimum).
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#3
Yeah when I was renting back in the day I had renters insurance through state farm. I'm sure all major places have it so just ask whoever your auto insurance is through how much it will cost.
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#4
Quote from johnfoe View Post :
Yeah when I was renting back in the day I had renters insurance through state farm. I'm sure all major places have it so just ask whoever your auto insurance is through how much it will cost.
definitely shop around. I use assurant for my renter's insurance but I don't think they offer a short term plan, but they might prorate if you cancel
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ʞɔɐɐʌɐɥ
#5
Is there a reason why some places require renter's insurance. As far as I understand it (and I could be wrong), renter's insurance is to insure the renter's belongings. That does squat for the Landlord and I can't imagine if shit happens that there is a whole lot of liability if the renter opt out. So why is it a requirement for some?
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#6
Quote from torrention View Post :
Is there a reason why some places require renter's insurance. As far as I understand it (and I could be wrong), renter's insurance is to insure the renter's belongings. That does squat for the Landlord and I can't imagine if shit happens that there is a whole lot of liability if the renter opt out. So why is it a requirement for some?
Mine was required because my first place out of college, was required to hold just that, 50K in personal liability.
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#7
Quote from 1stbuy View Post :
I was using State Farm, they allowed me to do 6 months. You take the renters insurance reoccurring every month for a year, but then you just cancel when you move out. I paid $10/month, for $25,000 personal coverage (their minimum).
I'll take a look at State Farm; thanks very much!

Quote from johnfoe View Post :
Yeah when I was renting back in the day I had renters insurance through state farm. I'm sure all major places have it so just ask whoever your auto insurance is through how much it will cost.
I'm with Esurance, so they have an affiliate on that instead of their own thing...

Also, as an aside, I have found that CSI does do month-to-month renter's insurance, but I think I will be more comfortable going with a larger name. Thanks all!
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#8
When I have had renters insurance I have always been able to cancel early and get a refund for the unused portion.
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Vague questions receive vague answers . . . . . .

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#9
Go get any renters insurance, pay for the full year, cancel in three months. Don't worry they will send you a check for the rest.

Second answer for an earlier poster, if a tenant sets the place on fire, it gives the landlord somebody to collect from.
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#10
Quote from mwa423 View Post :
Second answer for an earlier poster, if a tenant sets the place on fire, it gives the landlord somebody to collect from.
Not just the landlord, but potentially other renters in adjacent units if their stuff is damaged.
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#11
Quote from torrention View Post :
Is there a reason why some places require renter's insurance. As far as I understand it (and I could be wrong), renter's insurance is to insure the renter's belongings. That does squat for the Landlord and I can't imagine if shit happens that there is a whole lot of liability if the renter opt out. So why is it a requirement for some?
Renter's insurance insures all of the renter's belongings, as well as some liability if they do set the place on fire. The landlord / owner will have insurance to cover the building / structure itself, as well as overall liability.

Places require it in the event of e.g., a kitchen fire, where not only will the tenant be responsible for replacing their stuff, but they may be responsible for replacing cabinets, the stove, etc. The landlord's insurance would cover damage to the walls, floor, ceiling, etc. Other tenants' insurance will cover their losses if the kitchen fire were to jump apartments.

Renter's insurance is a great thing to have. It's cheap, and the chance of something happening that requires you to replace a large amount of your stuff is much higher when living in such close proximity to several other families, and with appliances, etc that may be rather outdated. Just think how much it will cost to replace your entire closet, or your TV, or your pots/pans.
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#12
When getting a quote, if you're running at someone's min coverage, have them run higher quotes too.

I got my coverage from State Farm - I was initially offered $25k in coverage at $10/mo. He mentioned that $10/m was their minimum premium in my area, so I asked him to run it at $40k and the premium was the exact same number. Keep going up til the price changes to ensure you're getting the most coverage (obviously do as much coverage as you need if your needs are higher).
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