Renting a place to live is a very common practice in Louisiana. For the most part, renting is affordable compared to owning a house, since there aren’t as many utility bills, and there is not much maintenance that you have to pay for with a rental, compared to owning a home. In a state like Louisiana, which has been hit hard by hurricanes and the slow economic recovery, renting is a good way to get established in a hometown, while working toward the dream of owning your own home.
Even if you don't own a house, you still have possessions and items that you value. Louisiana renters insurance would be a wise investment in your possessions.
As you can see from the statistics above, Louisiana has one of the highest crime rates in America, and there are a high percentage of renters - about 35 percent by some estimates. The state is also prone to hurricane and tornado. Your landlord's policy covers the structure of the building where you live, but it does not cover the property you keep with you, or your personal liability in case you are sued.
Renters insurance covers the following:
Renters insurance may be required by your landlord in some contracts, but usually the decision to cover your property and liability is yours. It protects against damage caused by fire, wind, hail, burglary, theft, and other covered causes. To protect against flood, you would need a flood insurance policy through the National Flood Insurance Program. Flood coverage is always recommended in LA, because the majority of the state is at heightened risk of river flood or storm surge.
Since tenants don’t insure the structure or the apartment in which they live, Louisiana renters insurance is pretty affordable. The average renters’ insurance policy in America is about $15 per month, and that varies within Louisiana depending on whether you live in Richland Parish, or St. Charles Parish, Natchitoches, or Baton Rouge. ZIP codes determine your Louisiana renters insurance quotes, as does the value of your property, and any security measures you have in your apartments or rental space (fire extinguisher, sprinklers, burglar alarm, etc.).
To better understand your needs and to get the most appropriate Louisiana renters insurance quotes, sit down with a local agent in the Trusted Choice® network. The agent can assess the value of your belongings, help you determine the right amount of coverage, and can shop dozens of companies to get quality quotes. Then you can secure the best policy for your needs and budget. Find an agent near you today, and get started.