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| It is important to select an agent or company representative that takes the time to answer your questions regarding Downtown Birmingham apartment insurance. Remember, you'll be dealing with this insurance company in case of filing a claim. Renters insurance protects you in case of an unforeseen loss. |
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| Although landlords have to have Downtown Birmingham apartment insurance they do not cover you except in certain instances. For the most part they cover the landlords loss, such as if the building burns down, but doesn’t include the contents within. That is up to you. It is important for you to get a renters insurance policy to cover your contents and any liability you may incur |
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| Liability protection is also standard with most Downtown Birmingham apartment insurance policies. This means if someone in your unit slips and falls, you're covered for any costs, up to your liability limit. If this person sues you, you're covered for what they win in a court judgment as well as your legal expenses, up to your renters insurance policy's limit. |
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| Downtown Birmingham apartment insurance isn't expensive. A renters insurance policy with a $250 deductible typically costs about $250 a year for $30,000 worth of contents coverage and $300,000 in personal-liability coverage -- which protects you in case you're sued for an injury that occurs in your home. |
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| Consider choosing a Downtown Birmingham apartment insurance policy that pays the replacement cost as opposed to one that pays the actual cash value of the insured items. A replacement cost renters insurance policy usually costs about 10 percent more. But there are ways to save on insurance. Companies offer a discount to customers who purchase automobile and renter's insurance. A 5 percent discount on car insurance could pay for the renter's policy. Also a higher deductible will lower the premium cost for renter's insurance. |
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| A complete inventory of your property can be helpful if you ever file a claim with your Downtown Birmingham apartment insurance. Keep a copy of the inventory, along with receipts and photos or a videotape, in a secure place, such as a safe deposit box. These will help prove your losses to the renters insurance company. |
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| A Downtown Birmingham apartment insurance policy extends beyond on-premise theft and hazards. If your suitcase is stolen while you're on vacation, you'll likely be covered. Same with property stolen from your car. If you're prone to barroom brawls—well, you might need more help than renters insurance, but you'll probably be covered if you hurt someone. Speaking of injuries, you'll also likely be protected if someone slips and sprains their ankle at your annual dance-a-thon; you may even receive compensation for legal defense costs in the case of a lawsuit. |
