Debunking 5 Common Renters Insurance Myths

A close of the header of a renters insurance application on top of a desk next to a pair of keys, glasses, a pen, a calculator and one-hundred dollar bills.If your landlord doesn’t require you to have renters insurance, wouldn’t it just be better to pocket the expenses? What sense is there in investing in an insurance policy when living in an apartment, house, or duplex owned by someone else? Unfortunately, there are a lot of misconceptions about renters insurance that result in residents not obtaining proper coverage for their belongings, leaving them vulnerable to severe financial repercussions. That’s why it’s important to debunk these common renters insurance myths. [Read more…]

Renting and Homeowners Insurance

For Rent sign outside of house.Renting out part of one’s home is a popular way for homeowners to make extra money during mega events in their local area, or over an extended period of time. While the home sharing market is quickly growing due to companies like AirBnB, one thing that homeowners must consider is their insurance – specifically, their homeowner’s insurance. Homeowner’s insurance protects the structure of the home, personal possessions, the cost of living elsewhere during repairs, and liability to others in case of damage to one’s property or others. But, homeowner’s insurance does not cover the costs of renting out part of one’s home to paying guests. Learn how renting and homeowners insurance interact.  [Read more…]

Understanding Insurance and Renting Out Your Home

No matter what your reason for renting out your home, there are a few insurance tips that you need to understand before you begin on the process. [Read more…]

Things to Think About Before Becoming an Accidental Landlord

“Accidental landlord” became a hot-button term as the housing markets crashed. [Read more…]