Renting a living space is an attractive option for many reasons. Chief among them: You don’t have to be responsible for upkeep, repairs, or replacing expensive appliances like furnaces or refrigerators.
But choosing to rent your home doesn’t absolve you from all responsibility. If you think you don’t need renters insurance because your landlord is there to take care of everything, you’re wrong. You’ve worked really hard and spent a long time amassing many thousands of dollars in personal property, and it would be foolish not to protect that.
At Freedom Insurance Group, we love helping customers protect themselves by hooking them up with affordable homeowners, life, and car insurance in the Philadelphia area. We want to do the same for renters.
Here’s what you need to know when shopping for a renters insurance policy.
Renters insurance protects your personal property – your furniture, your clothes, your electronics, etc. – from damage resulting from a fire in your rented home, or theft due to a break-in. Valuables such as heirloom jewelry or expensive pieces of art are often insured separately. It’s also common for flood insurance or earthquake insurance to be part of a separate policy.
Some renters insurance policies will protect the property you keep in your car, but will not cover damages to the car itself.
Renters insurance also can guard against liability, meaning that if someone gets injured in your apartment and tries to sue you, you’re covered.
When moving into a rental property, take inventory of your property – snap pictures, round up any important receipts – so you know what you own and how much it’s worth.
As with any insurance policy, it’s important to review your options with your insurance agent to make sure you’re getting a comprehensive policy that meets all your needs.
Spring is the start of moving season and a great time to think about rental insurance, especially if you’re a recent college graduate who is moving out of Mom and Dad’s house or relocating for work and shopping for apartments. Many rental properties require proof of renters insurance before you can sign a lease.
The agents at Freedom Insurance Group will be happy to sit down with you to search for the right renters insurance policies for your family. If you’re buying a home and need homeowners insurance, or there’s a new driver in your house and you need to beef up your car insurance anywhere in the Philadelphia, PA, area, give us a call today.
One question insurance agents frequently are asked is “How do I know if I need an umbrella policy?” We advise our customers to look at their whole financial situation and their lifestyle. Do you own a swimming pool? Own a dog? Have large assets to protect? Agents typically recommend that customers have enough home insurance coverage equal to their assets. Umbrella policies cover liability, personal injury coverage and legal expense coverage. Umbrella polices are there to protect you against large lawsuits. There are certain parameters that must be met to get an umbrella policy. First you must carry your auto and homeowners insurance with the same company. Second you must acquire the highest limits available for auto insurance and home insurance. The maximum amount of coverage you can have under an umbrella policy varies by state. This protection can extend beyond your auto and home. It can also cover your RV, boat, snow mobiles, golf carts, ATV’s, jet skis and motorcycles. There are some added protections with an umbrella policy that are generally excluded from homeowners insurance polices. These policies can run approximately $300-$400 a year for a million dollars coverage. That is relatively inexpensive for extra coverage.The best part is that everyone in the household is covered as long as they are listed on the auto policy and live in the home. Something to think about if you have teen drivers in the home.
The best thing to do is to speak to a licensed agent who can discuss your risk and assets. There are certain situations which will increase your need for an umbrella policy. Call us at 215-673-0300 so we can discuss your current auto and homeowners insurance in Philadelphia, we can evaluate if you have enough coverage and if you should also look into getting an umbrella policy. You can also visit our website at www.freedom4insurance.com click on all coverages to read about umbrella policies.
Daylight saving time is upon us. Now is the time to assess what you need to do to winterize your home. Do you need to clean your gutters, caulk your windows and door frames? A quick trip to the home store to pick up new batteries for those fire/carbon monoxide detectors some insulation and caulk will put your mind at ease by reducing the risks in your home and reduce your worries. Schedule an appointment to clean the fireplace and chimney so you can safely burn and have those cozy winter nights without a worry. Checking dyer vents and heating vents for debris will also make your home more energy efficient.
A little maintenance now goes a long way later for your home. Some routine tender loving care can avoid future disasters and homeowners insurance claims. Winters in Philadelphia can be pretty brutal and can really take a toll on your home. Many times we are forced to put a claim in with our home insurance company in order to pay for damages from we sustain from bad winter and fall seasons in Philadelphia. We hope this post can help avoid that unfortunate situation.
It’s that time. Kids are going back to school. Most people think about books, pencils, back packs, school clothes, new sneakers and haircuts. But you may want to add insurance to the list. If you still have high school students in the house who drive or will soon be getting their license, remind them that good grades equal lower car insurance rates. Many insurance companies offer the good student discount which is for earning a B or better. You must provide your insurance agent with a copy of the last report card as verification. Cheaper car insurance is just another incentive to do well in school.
If you are sending your kid off to college for the first time most likely they will not have a vehicle on campus and will be living in a dorm. Is your son/daughter living away at school 100 miles or more? If the answer is yes, then you may qualify for a discount on your auto insurance. If you have a junior or senior in college they may have a car at school with them and living off campus. If they have a vehicle at school with them, remember to provide your agent with the address where they are in school. The agent can then split rate the vehicle so that all cars are rated at their respective addresses. This is important for your auto insurance policy. When you are renting a house or apartment your contents are not covered under the landlord’s insurance policy, therefore you may want to think about renter’s insurance. Many students bring TV’s, laptops, game systems and personal belongings with them. Renters insurance may insure these items in a covered loss. Keep your college student in the loop when it comes to insurance. This way when they are ready to purchase their own auto and renters insurance policy they will know what to do. These are beneficial life lessons for your kids.
Freedom Insurance Group, Inc. announces they represent six companies that offer an early quote discount for car insurance quotes in Philadelphia.
Many consumers do not know the savings advantage associated with calling ahead when you need car insurance. Some of their companies offer a discount just for calling for a quote one to ten days prior to your policy expiration date. For example, Travelers calls this discount their Early Quote Advantage. With Travelers you may be eligible for a 10% discount if you call for a quote 8 or more days in advance. Many of the companies they represent have this discount only it’s referred to by a different name.
The following companies offer a discount for getting a quote in advance: Progressive, Travelers, The Hartford, Safeco, Grange & Mercury.
“It’s true; the early bird does get the worm. Most consumers are not aware of the fact that calling ahead of time for a car insurance quote can save you money.” said Anita Allegrezza, Owner & Principal agent of Freedom Insurance Group Inc. “Freedom Insurance Group, Inc. represents 10 A or better insurance companies, but we put the customer first. Everyone wants to save money and take advantage of discounts. Some people won’t buy if they don’t have a coupon, find it on sale or get a discount. If insurance companies are offering a discount for calling your agent ahead of time, take advantage of all the savings you can.”
The agency is a full service insurance agency. They offer auto insurance, homeowners insurance, motorcycle insurance, boat insurance, umbrella insurance, commercial insurance, life insurance, RV insurance, and more. For more information on Freedom Insurance Group, Inc. or to get a quote, go to their website www.freedom4insurance.com. There you will also find a money saving checklist with many discount opportunities for you to review prior to speaking with an agent.
Freedom Insurance Group Inc. is an Independent Insurance Agency who has been helping customers save money in Northeast Philadelphia and the surrounding areas since 2003. This Trusted Choice agency represents 10 A rated insurance companies such as Progressive, The Hartford, Travelers, Safeco, Grange and is an AARP authorized agent. What does that mean to the consumer? That means they have the ability to offer the consumer choices and “Freedom from the high cost of insurance.” With just one phone call their team of agents are able to get quotes from 15 different companies. Not only can they save you time, but their experienced agents will review your current coverage and identify any potential areas where you may be underinsured. Freedom Insurance Group Inc. is thorough and reviews all discounts that are available to you. When you have an independent agent, if your rate goes up you don’t have to go far. This agency continually reviews their customers’ policies to make sure they are getting the best rates on car and home insurance. “When you buy insurance from a captive agent your only option is to reduce coverage when the rate goes up. At Freedom Insurance Group Inc. if your rate increases we quote you in other companies, so you can keep the coverages you need. We give our customers the freedom of choice.” said Anita Allegrezza, Owner & Principal Agent.
This full service agency writes car insurance, homeowners, life, commercial, motorcycle, boat, umbrella policies and more. They are conveniently located in the Grant & Academy shopping center next to the Police & Fire Federal Credit Union.