What is the Difference Between Tenants’ and Renters’ Insurance?

If you rent your home or office, you have likely come across the terms “renters’ insurance” and “tenants’ insurance.” What’s the difference between the two? In short, nothing. Renters’ insurance and tenants’ insurance refer to the same thing.

This type of insurance protects the value of the contents of an apartment, office, or other rental property against common forms of loss. It can either cover specific types of loss or provide coverage against all causes. Typical loss categories include theft, fire, and flood.

Another benefit of renters’ insurance is coverage against liability. If someone is injured in your unit, the insurance will pay for a specific amount of medical costs, lawsuits, and other potentially costly effects.

You may wonder if you need tenant insurance at all. Doesn’t your landlord have coverage? The answer is no – the landlord does not have coverage for your belongings. Landlord-oriented tenant insurance might cover damage to the buildings and liability in common areas like hallways, pools, and sidewalks. But, you need your own insurance to cover the contents of your unit and any liability you may incur from accidents that happen there or on any property associated with your lease.

To find out how inexpensive it is to obtain the renters’ insurance you need in Englewood, Littleton, or the surrounding areas, contact us for a quote. You’ll be pleasantly surprised at how easy and affordable it is to have the peace of mind of full coverage.

Are there vehicles that have safe designs that can lower my insurance?

Who wouldn’t want to save money on car insurance? There are many factors that go into car insurance cost. For example, a good driver will pay less than a driver with a lot of accidents and a driver in Littleton will probably pay less than a driver in Los Angeles. Another factor to look at is your vehicle–to insurance companies, not all vehicles are created equal. Some vehicles have safe designs and safety features that make them less likely to have a serious accident, thus making them cheaper to insure.

One of the most common safety features that will save you money on car insurance is anti-lock brakes. They come standard on many cars and are available as an option on most, but having them reduces your chance of an accident and your insurance costs.

Side impact air bags can reduce the likelihood of a fatality in a crash, a fact which can lead to reductions in insurance premiums of up to 40 percent with some companies and policies. The Insurance Institute for Highway Safety says that electronic stability control can reduce auto collision losses by 15 percent, too. With that in mind, having this option on your car will bring down your costs of insurance.

Safer cars mean lower insurance premiums, so it pays to find cars with great safety features.

What is an occupant compartment?

Car insurance documents can contain a lot of confusing jargon. Learning just what all these words mean can make it easier to know which policies have the right coverage for you. When looking at information about car insurance or the risks of car accidents, one of the terms you will encounter is “occupant compartment.”

The occupant compartment is that part of a vehicle where the passengers sit. The size and location vary, but this part is present in all passenger vehicles, typically behind the engine and in front of the trunk or bed. The quality of the design a car or truck will affect how safe that vehicle is. Vehicles that are designed to keep damage far away from the occupant compartment are generally safer. For instance, many SUVs feature roll bars to reduce damage. A well-designed occupant compartment will have safety features inside, as well, such as standard devices like seat belts and air bags. Newer cars have more advanced features such as systems for detecting blind spots and systems that will warn you if you drift from your lane.

Safer vehicles generally have lower insurance premiums. When shopping for a car in the Englewood or Highlands Ranch area, keep safety in mind to keep insurance costs down. Choosing a car with the best protected occupant compartment not only saves lives, but saves money, as well.