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| Get quotes from multiple Olympia Area apartment insurance companies. Some companies sell through agents or directly to you. Many agents can offer you competitive rates from several companies for renters insurance. |
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| In most cases, a landlord's Olympia Area apartment insurance covers only structural damage to the building itself—and many landlord policies don't even go that far if the damage is caused by a tenant. If you leave the tub running and it turns your floor into cardboard and dribbles downstairs, damaging your neighbor's couch, you may be liable for the whole drippy mess. If your building went up in flames, your landlord's coverage would include repairs, but only to the building, not to the possessions of tenants. Renters insurance will cover your possessions in case of a loss. |
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| News reports of apartment fires often include tragic stories of renters who lost everything because they were uninsured. If you rent an apartment, duplex, house, or townhouse, your landlord´s Olympia Area apartment insurance policy covers losses to the building, but it does not cover your personal property. To protect your belongings, you need a separate renters insurance policy. Renters insurance covers your personal property and household items in the event of a fire, theft, or other loss. It also offers you financial protection if a visitor is injured in your home. |
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| Renters insurance (or tenant insurance) can provide you with coverage for everything you own in your new apartment, and the rate is often very cheap. Olympia Area apartment insurance covers your possessions against theft, fire, and other damage, and even covers your guests if they have an accident. Your lease may require you to have a certain level of renters insurance coverage if you are renting an apartment. |
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| Consider choosing a Olympia Area 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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| Olympia Area apartment insurance policies have additional benefits. For example, a waterbed liability provision is standard in most renters and condo owners policies. If your waterbed bursts and the water ends up in the apartment below yours, your renters insurance would cover the damage. |
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| Our partner offers Olympia Area apartment insurance products tailored to the needs of residents in each state we serve. Please visit our partner's website to learn more about a renters insurance policy |
