Renters Archives - Page 2 of 2 - Consumer Insurance Guide

Renters insurance checklist aimed to save you money, headache

By Insurance Information Institute
May 25, 2012June 18, 2014

An increasing number of Americans view renting a home as a better “investment” than buying one, yet less than half of renters have renters insurance, according to the Insurance Information Institute (I.I.I.). The U.S. Census Bureau noted that in the second quarter of 2010, 37.1 million housing units were occupied by renters, up by more than 800,000 units from the same period the previous year, and up by 8.2 percent, from 34.3 million units, in…

Insurance for college dorm living: Are you covered?

By Emily Capdevielle
May 22, 2012September 24, 2014

As college students are unloading all of their belongings in their new dorm for the school year and arranging things accordingly, many may need to step back and ask if those personal items are protected. According to the U.S. Department of Education, there were nearly 24,000 thefts in 2009, and 5,000 home fires that were cooking-related on college and university campuses. Many colleges and universities state in their housing contracts that they are not responsible…

Insurer lists top ten states for dog bite claims

By Consumer Insurance Guide Staff
May 17, 2012June 18, 2014

Nearly five million people are bitten or attacked by dogs each year in the U.S. Dog bites are a serious public health problem that can cause both physical and emotional damage to victims and considerable cost to communities. State Farm reports that it paid more than $109 million as a result of the nearly 3,800 dog bite homeowners and renters insurance claims in 2011. The Insurance Information Institute estimates that in 2011, insurers across the…

Florida closes ranks on bill to limit insurance costs

By Consumer Insurance Guide Staff
May 7, 2012June 18, 2014

Both Democratic and Republican members of the U.S. Congress from Florida have backed a measure to impose limits on the amount of money insurers are allowed to charge consumers living in disaster-prone areas, according to a report in the state’s Sun-Sentinel newspaper. According to the Sun-Sentinel, the Homeowners Defense Act would provide for a national catastrophe fund intended to defray the huge costs that are frequently incurred when a severe hurricane or earthquake strikes a…

Insurance coverage for college students

By Peter Greenbaum
September 12, 2011June 17, 2014

A child heading off to college is an extremely rewarding experience. A young adult is going out into the world to take those bold steps to build an independent life. For parents, it’s marked by feelings of pride in their children as well as anxiety for them. Health insurance Choosing adequate health insurance coverage could be one of the most important decisions parents of the college-bound make. If there is an accident or serious illness,…

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If Your Child Is Headed Off to College, Remember to Study the Insurance Implications

By Insurance Information Institute
September 6, 2011June 17, 2014

The parents of college students moving to on-campus or off-campus housing should review their insurance policies to make sure their children’s personal possessions are covered while they are away at school, according to the Insurance Information Institute(I.I.I.). Before a child heads off to college the I.I.I. recommends taking the following steps: Create a ‘dorm inventory’—a list of items the student plans to bring to school, along with its estimated value. To make this process easier,…

Who should purchase renters insurance?

By Emily Capdevielle
July 6, 2011June 17, 2014

The percentage of renters have significantly increased since the economy’s demise, and yet a little less than half have purchased renters insurance, according to the U.S. Census Bureau. This means that approximately 57 percent of renters either do not care if their valuables are stolen or damaged or there’s a possibility that they simply do not realize that although their landlords may have property insurance… that typically only covers the building itself… not the Xbox…