Illinois Renters Insurance

Why Do I Need Illinois Renters Insurance?

Find the right renters insurance policy for you.

There are several thousand rentals in the state of Illinois. Although most landlords here have their own insurance policies on the home, condo or apartment that is rented, that policy won’t cover the renter’s personal belongings. It is up to each individual tenant to take out an insurance policy that will cover their items. When would renters insurance be good to have? If you find yourself the victim of a burglary, theft, fire or natural disaster, you will want to have Illinois renters insurance in place to protect your investment.

Some people think that they don’t need insurance because they feel they have nothing of value, but those people usually change their minds when they experience a loss from theft, weather damage, or fire. Renters insurance is a simple way to prepare for the unexpected. Find an independent insurance agent in our network today to help you compare Illinois renters insurance quotes and find the best policy for your situation.

Protecting Your Belongings

  • The average annual premium for renters insurance in Illinois is $169.
  • 33% of all burglars enter through the front door; 23% enter through windows.
  • Deadbolts on doors and secure window locks can prevent most burglaries.
  • The risk of serious injury or death in a residential fire is cut in half for those who have functional smoke alarms.

Risk factors for burglary and fire can affect your Illinois renters insurance premiums. By ensuring that your home has working smoke detectors, window locks, and deadbolts, you can help reduce your insurance premiums while you stay safe.

How Do I Know If I Need Renters Insurance?

  • How much are the contents of your home worth?
  • Have you inventoried your personal possessions?
  • What will happen if someone is injured on your property?

To protect your personal belongings, a separate Illinois renters insurance policy is a good idea to have. Speak with your agent to determine the right coverage levels for you.

What Does a Renters Insurance Policy Cover?

Your Illinois renters insurance policy may include protection for the following losses (be sure to check with your agent to confirm what your insurance covers):

  • Your personal items, such as computers and laptops, jewelry, furniture, clothing, and other items
  • Unauthorized credit card transactions
  • Accidents
  • Damage to other people’s property (which you may be held liable for)

A renters insurance policy is a simple way to cover your personal belongings. Even though a landlord’s insurance policy will cover the cost of repairing or rebuilding the structure of the apartment or rented home you live in, if you aren’t financially able to replace your belongings, you will want to have renters insurance coverage in place. Although you may not feel that your belongings have a high value, estimating the cost of replacing them can help you get the right coverage in place. What about your home computer and other electronics? Furniture is also expensive to replace, even if you choose second-hand pieces. If you experience a total loss, make sure you can financially handle starting over.

Where Can I Find Illinois Renters Insurance Quotes?

Although your personal property may not seem like much until you think about replacing it, you have thousands of dollars invested in your home. Most people cannot afford to replace it all in the event of a loss. In most cases, the insurance policy you would need to cover your personal property would cost less than a dollar a day. That’s inexpensive compared with the cost of paying to replace your personal belongings if something were to happen to them. Also, if you do have items of high value, you might consider adding a personal articles policy to cover those specific items.

The most convenient way to find Illinois renters insurance coverage to fit your needs is by contacting an independent agent in our network. An independent agent can help you compare Illinois renters insurance quotes from various companies to choose the most suitable option for your situation and budget. 

Find a local agent in our network today.

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