The Gulf Coast, the Mississippi River and SEC football are just a few things that make Mississippi a great place to rent a home. Maybe you are just starting a job in Jackson and making sure you like the area before you settle down, or you are enjoying a long-term beach rental on the Gulf. Regardless of where or why you rent your home, it is important to protect your valuables and personal property with Mississippi renters insurance.
To get the right policy, you need the help of an independent Trusted Choice® member agent who can help you compare Mississippi renters insurance quotes from several different insurance companies. Find a local member agent today to review your options and get the right coverage for your needs at an affordable price.
Many renters ask this question or assume their landlord's insurance covers them. It does not. The building owner's policy only covers the building, grounds and property of the owner. Your landlord's policy, for example, will cover outside areas, external doors and windows, and all public and community areas such as walkways, parking areas and your complex's laundry room. It will also cover the owner's appliances and furnishings that come with your leased property.
As the tenant, you are responsible for protecting your own personal possessions in the home or apartment, such as furniture, computers, video or music systems, jewelry and valuables.
When looking for Mississippi renters insurance, consider all of your belongings that would be at risk in the event of a burglary or building fire. Also consider your risk of liability if someone should fall or become sick or injured in your rental unit and you were held liable.
Your Mississippi renters insurance will provide coverage for a range of risks. For example, your policy can protect you in the following ways:
Note that without this protection, you will be left paying these costs out of pocket in the event of an incident.
While renters insurance is not mandated by the state of Mississippi, your landlord or rental agency may require it. There are two primary reasons for this:
Many tenants choose to carry a renters insurance policy, as it is relatively inexpensive. The cost of your renters insurance policy depends on your coverage, the value of your possessions and whether you choose actual value or replacement value coverage.
An actual value policy reimburses you for the present value of the item replaced. For example, if your 5-year-old laptop was stolen, it would be valued at its used cost.
By contrast, a replacement value policy pays you what it costs to replace the item. So in this example, you would receive enough money to buy a brand new laptop. Of course, replacement value coverage costs more, since replacing a used item with a new item costs more.
To find the exact cost of renters insurance to cover your personal property, you will need to look at actual Mississippi renters insurance quotes. First, take an assessment of what you own by going through your house or apartment and making a list of your belongings and valuables. This includes appliances, furniture, jewelry, video/gaming/music systems, sports equipment, firearms and even clothes, shoes and dishes.
Then contact an independent Trusted Choice member agent and get quotes on Mississippi renters insurance. Your local agent can help you compare rates from several different renters insurance companies and help you find the one that's right for you.