Tallahassee Renters Insurance

Your Complete Guide to Tallahassee, FL Renters Insurance

Find the right renters insurance policy for you.

As a renter in Tallahassee, you may want to be sure that your personal property, such as your clothes, furniture, and electronics, are suitably covered by renters insurance. This rather inexpensive insurance can give you peace-of-mind that your belongings are covered against theft, fire, and severe weather damage. Independent insurance agents are available to answer your insurance-related questions and help you obtain and compare a selection of customized renters insurance quotes. That way, you can be sure you are getting your policy at a great price. Find an insurance agent in or near Tallahassee to learn more. 

How Much Does It Cost to Rent a Home in Tallahassee?

The average market rent in Tallahassee is $1,332. This is lower than the average rent in the state of Florida, which is $1,449. The most expensive rentals are in Tallahassee’s Bloxham Terrace and Ochlockonee neighborhoods, while the most affordable rental homes can be found in downtown Tallahassee and Camelot Park. Regardless of where in Tallahassee you are living or how much you are paying to rent your home, you can find an affordable renters insurance policy to cover your property. A local independent insurance agent can help.

What Is Renters Insurance and Is It Required?

Renters insurance is designed to cover your personal property and provide you with personal liability insurance coverage. It can pay for the cost of replacing your belongings if they are lost or damaged due to hazards such as an accidental fire or a burglary. Renters insurance is not required by law. However, some landlords do require their tenants to have this insurance.

How Much Does Renters Insurance Cost in Tallahassee, FL?

Even in Florida, where renters insurance costs are among the highest in the country, this coverage is surprisingly affordable. In Tallahassee, the average cost for a policy that provides $20,000 worth of property coverage and $100,000 worth of liability coverage with a $500 deductible is $226 a year. That is just $19 a month for the peace of mind of knowing that your property is covered. Of course, your actual rate may be higher or lower than this average amount, depending on how much coverage you wish to buy and details about the home you are renting, but this figure can give you a general estimate.

Property Coverage for Tallahassee Renters

If the building you live in is damaged by a fire, tornado, hurricane, or other disasters, your landlord is responsible for making structural repairs. However, damage to your personal property is your own responsibility. Fortunately, renters insurance is designed to provide this coverage. The contents coverage included in your policy also provides reimbursement for losses due to burglary or vandalism. 

In Tallahassee, where the burglary rate is more than twice the national average, this is of particular importance. Be aware that property damage caused by floods is not covered by renters insurance. If you are at risk for flood damage, your local insurance agent can also help you purchase an affordable contents-only flood insurance policy through the National Flood Insurance Program (NFIP).

Renters Insurance Provides Liability Coverage

Most people never use the personal liability insurance included in their renters insurance policies, but if you find yourself in a situation where you need it, it can prove invaluable. It is designed to cover expenses such as court costs, legal fees, and damages if you are sued for a covered event. This may happen if:

  • A guest in your home is seriously injured due to negligence on your part.
  • Your child is playing baseball with friends and hits a ball through a neighbor’s window.
  • Someone sues you for libel or slander because of something you posted online.

Keep in mind that some insurance companies specifically exclude damage caused by pets. If you are a pet owner, be sure to let your insurance agent know so that a suitable policy can be found.

Renters Insurance Can Cover Temporary Housing Expenses

What would you do if your rental home was seriously damaged by a hurricane or fire and you were unable to live in it for several weeks while repairs were being made? Your landlord is not obligated to assist you with alternative living arrangements. The good news is that your renters insurance has you covered. It can cover the cost of a hotel as well as your associated expenses, such as the increased cost of meals since you will be unable to cook at home until repairs are completed and you can return home. Your insurance agent can further explain the details of this coverage.

Why Work with an Independent Insurance Agent?

Renters insurance is an inexpensive way to stay protected against financial losses caused by disasters. Independent insurance agents can help you compare customized quotes so you can choose the renters insurance policy that offers the best value for your hard-earned money. 

Find an insurance agent in or near Tallahassee to get started.

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