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| A Austintown apartment insurance policy covers added living expenses such as motel costs if you´re temporarily displaced from your home or apartment. This "loss of use" coverage is limited to 20 percent of the personal property coverage under your renters insurance policy. For example, if you have $25,000 of personal property coverage, your loss of use coverage would be $5,000. You will be paid up to this limit for the reasonable time required to repair or replace your rented property. |
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| Consider choosing a Austintown 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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| Liability protection is also standard with most Austintown 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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| It is important to select an agent or company representative that takes the time to answer your questions regarding Austintown 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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| Get quotes from multiple Austintown 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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| If you rent an apartment or own a condominium, you need Austintown apartment insurance to protect your belongings. While your landlord or condo association might have insurance, it only protects the building. Your belongings are not covered under those policies. A renters insurance policy will protect your belongings |
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| Everybody who rents, who wants to be compensated for the loss of property and who needs liability protection should have a separate Austintown apartment insurance policy from the landlord's that covers the building and not the tenant's belongings. A renters insurance policy protects your belongings. |
