Philadelphia is a city of firsts. It is home to the first hospital, the first daily newspaper, the first zoo, the first medical school in America, and the first Bungalow office! And for many, the first thing you do when you move to Philly is rent an apartment. However, getting renters insurance might not be among the urgent things on your busy to-do list.
If you want to get started, you can get a quote for renters insurance in Philadelphia in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Philadelphia? Read on to learn why you probably do!
Why you need renters insurance in Philadelphia
Could you afford to replace all your stuff if your apartment burned down or was damaged in a storm? Renters insurance covers both cases – and much less dramatic ones!
Also keep in mind that Philadelphia, despite all of its cultural appeal, still has crime like every major city. Renters insurance will protect you from theft and vandalism. Don’t believe us that renters insurance is worth it? Check out why the New York Times recommends purchasing renters insurance.
Additionally, many landlords now require that renters buy insurance in Philadelphia. This helps both the landlord and the renter!
If your landlord already has insurance, do you need to buy renters insurance in Philadelphia?
Your landlord’s insurance only covers the building you live in, not your belongings inside. That’s what renters insurance is for! Can you imagine buying new furniture, laptops, and clothes out of your pocket if your apartment burns down? For just a few dollars per month, renters insurance will replace your belongings if they are lost or damaged.
What else does renters insurance cover besides my property?
Renters insurance also has the following coverages:
Personal Liability – This will help cover your costs if you accidentally hurt someone or someone’s property and get sued as a result. A typical amount is $300,000.
Medical Coverage – This will help pay for medical expenses if someone is hurt on your property. Insurance companies provide this to help avoid lawsuits. A typical amount is $3,000.
Loss of Use – This will pay for a hotel or somewhere else for you to stay if you something happens to your apartment. A typical amount of coverage is $5,000.
With all these coverages, it’s no wonder that US News says you can’t afford to skip buying renters insurance.
Is renters insurance expensive or hard to buy?
Hopefully by now, you would agree that renters in Philadelphia should have renters insurance. So what’s stopping you? Many people think that renters insurance is too expensive. Luckily for you, that’s just a common misconception. Renters insurance in Philadelphia typically costs $15-$25 dollars per month. Most people will spend that much this month on cheesesteaks this month! Not so bad, huh?
What else? Getting renters insurance is boring and complicated, you say. Well, here you got me. Generally, getting renters insurance is a somewhat tedious process. With most companies you’ll my have to speak to an agent over the phone or in person. But that is exactly why we created Bungalow – to make buying renters insurance quick and easy, right online.
Now you have no excuses stopping you from getting a renters insurance. Get a free quote today
If you have additional questions about renters insurance, check out our more comprehensive Millennial’s Guide to the Best Renters Insurance.
Check out our Millennial’s Guide to the Best Renters Insurance for more info.