When bad things happen, such as fire, robbery, or an injury to a guest, having renters insurance will often help pay to replace your belongings and/or cover medical bills. We break down Missouri renters insurance policies below to explain the ins and out of getting coverage.
How Much Renters Insurance Costs in Missouri
Renters in Missouri can enjoy the peace of mind that renters insurance provides for just $182 a year. Compared to the rest of the country, that’s 3% than the average American pays.
For such a small yearly sum, renters insurance can provide you with thousands of dollars worth of coverage if your belongings are stolen, damaged, or someone is hurt on your property. If you had a fire and had to replace all of your belongings yourself, you’d be in a serious financial pit. And since you could pay for a year’s worth of renters insurance working only 24 hours at a minimum wage job, most everyone can purchase this smart and affordable protection.
Missouri Rental Insurance Coverage
You may think it could never happen to you, but in 2012, Missouri had 42,466 burglaries. For those with renters insurance, the hassle and financial burden of replacing valuables can be eased. Most policies pay full retail value for stolen possessions—making it easier for you to replace what was taken and get back to normal life. You and your home are also covered for things like fire, water damage, and extreme weather, as well as liability if a visitor slips and falls during a visit or gets injured another way. With so many unpredictable things in life, it’s nice to know you can count on renters insurance when you need it.
Make It Even More Affordable
Your renters insurance premium is established by looking at multiple factors, such as: where you live, your history of claims, any current policies you currently hold, and more. However, you can keep your premiums lower if you qualify for discounts.
- Multi-Policy: Combine insurance policies to save more money.
- No Prior Claims: Save on your insurance bill if you have a clean claims record.
- Safety Devices: Installing safety systems like smoke alarms and security systems can result in premium discounts.
- Higher Deductibles: If you opt into a plan with a higher deductible, you’ll have a lower payment amount every month. Watch out for this though. Your deductible is something you’re responsible for paying if you file a claim.
Renting Statistics in Missouri
About 32% of Missouri residents are renters. Since they’re spending an average of $755 per month to live in a two-bedroom rental, a $182 renters insurance policy is almost pennies in comparison. For such a small amount of money, it’ll give you big protection that you’ll be relieved to have if you ever need it.
Finding Coverage in Missouri
If your ready to start shopping, let an expert agent assist you in your search by calling 855-462-2213 .