Maryland Renters Insurance

While the vast majority of homeowners have home insurance, a recent survey from the Independent Insurance Agents and Brokers of America (IIABA) showed that nearly two thirds of renters don't have renters insurance. That means that over half a million renters in Maryland aren't covered if the worst should happen. Don't be one of them. Get a free, no-obligation Maryland renters insurance quote today!

Myth #1 – I Can't Afford It

One of the most common misconceptions about renters insurance is that it's expensive. Actually, renters insurance is extremely affordable. The average Maryland renters insurance policy costs less than $200 a year. That's just over $0.50 a day.

Myth #2 – I'm Already Covered

Don't make the mistake of thinking your landlord's homeowners policy will cover you. Their policy provides coverage for the structure itself, but not for the contents, including all of your belongings. Renters insurance provides protection for 16 perils including fire, windstorm, theft, hail and smoke.

Myth #3 – My Parent's Policy Covers Me Too

Whether you're a student going to Johns Hopkins, the University of Maryland or any other school in Maryland, if you're living in off-campus housing, your parent's policy probably doesn't cover you. With all that expensive gear in tow, college apartments are prime targets for burglars. A Maryland renters insurance policy is inexpensive protection.

Myth #4 – My Stuff Isn't Worth Much

It's easy to underestimate the value of your property. But, if you do a quick home inventory, you'll find that you've got more than you think. Could you afford to replace everything? Think about shopping for a new TV, DVD player, laptop, furniture, clothing and all the rest of your stuff. The cost to replace your property can easily add up to $15,000 or more. For less than a dollar a day, depending on the type of policy you purchase, a Maryland renters insurance policy will either reimburse you for the actual cash value or replacement cost value of your lost or damaged property.

Myth #5 – I'm Not Liable

Don't think that your landlord's policy will protect you if someone should hurt themselves in your house or apartment. A Maryland renters insurance policy will give you up to $1,000 of medical expense coverage per person and $100,000 in other liabilities. And, if you should be sued, your policy will help cover your legal fees.

From Annapolis to Williamsport, a Maryland renters insurance policy has got you covered. Get your free, no-obligation quote today!