Looking for renters insurance? Want to know where to get affordable renters insurance with a reliable company? Read on …

What Renters Insurance Covers

Many people think their landlord’s insurance will pay to replace their belongings if they’re damaged or stolen. Not True. Your landlord’s insurance only covers the building and the property your landlord owns, so if you don’t have insurance you could lose everything you own.

Renters insurance pays to replace your personal possessions in the event they’re stolen, or if they’re damaged by fire, water leaks, vandals, or acts of nature. There are two types of coverage:

* Actual cash value coverage which pays to replace your personal possessions, minus a deductions for depreciation.

* Replacement cost coverage which pays the total cost of replacing your personal possessions. If you can afford the extra cost, replacement cost coverage is the way to go.

Renters insurance also pays for court-awarded damages and legal fees if a lawsuit is brought against you and you’re found guilty of injuring another person, or damaging their property.

Last, but not least, if your residence is damaged and you need to live elsewhere while it’s being repaired, renters insurance will pay for your additional living expenses such as your motel and restaurant bills.

Where to Get Affordable Renters Insurance

In order to get affordable renters insurance you need to do a little shopping to compare rates. You have three basic choices:

1. You can spend hours on the phone calling insurance agents.

2. You can spend hours on the Internet visiting insurance company websites.

3. You can spend a few minutes at an insurance comparison website.

Using an insurance comparison website you only have to fill out one simple online questionnaire to get quotes from a number of companies so you can compare them and choose the most affordable one. Most of comparison sites deal only with A-rated companies so you know you’ll be getting good service with a reputable company.

Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get affordable renters insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on affordable renters insurance.