Archive for March, 2012

People are renters in Connecticut and other states for many different reasons.  Regardless of whether renting is because of financial necessity or it’s simply a lifestyle preference, many renters frequently choose not to insure.  Especially in recent years, the number of renters has grown nationwide due to a troubled economy forcing many out of home ownership.  It’s concerning that so many in Connecticut and others states opt not to choose this important insurance coverage.

Some choose not to insure for reasons such as…

• They think insurance isn’t necessary because they don’t own a home or; they think they don’t have enough contents to cover.
• They think their landlord’s insurance will automatically cover their belongings.
• They think rental insurance is too expensive.

The only thing that is true about the above reasons for not getting renters insurance is that each can cause real misery and financial hardship from an uninsured loss.

Renters should consider the following…

1. Just because you don’t own a home, your belongings over time can accumulate in to tens of thousands of dollars worth of property.  Consider if your rental property burned to the ground and you had to replace all of your furniture, electronics, clothing, linens, kid’s toys, kitchen tools, etc. and pay for the cost of temporarily moving somewhere else – could you afford this if you didn’t have coverage?
2. Your landlords insurance will certainly cover the property if it burned to the ground or suffered some other devastation.  It will also provide protection to the landlord from liability.  However, most often it will not cover your personal contents, even if your landlord has an umbrella policy as well.  This is strictly for liability.
3. Rental insurance in Connecticut is actually very affordable.  Most often, renters insurance can be under $200.00 per year.  Better yet, if you combine a renters policy with an auto policy the savings on your auto can often make the renters policy almost free.

If you rent and don’t have insurance…then you have a very good reason for contacting an insurance professional to get you covered.

In addition, an insurance professional can explain the difference between actual cash value and replacement cost on a policy.  They can also explain to you about liability coverage and coverage for special items.  Everyone’s circumstance is different and policies vary among insurance companies.  Only a knowledgeable insurance professional can best advise you based on your own unique circumstances.

Still wondering about renters insurance?  Think about it.  You many have chosen not to purchase a home, but for a very minimal cost you can purchase peace of mind.

 

To Learn More About Renters Insurance – Visit V.F. McNeil Insurance Today.

 

To Request A Renters Insurance Quote – Visit V.F. McNeil Insurance Today.

 

 

April 1, 2012 8:00 am

to

April 30, 2012 8:00 pm

 

 

Please join V.F. McNeil Insurance for two very important events in the month of April.

 

First, participate with us by taking the Paul Sturgess ALS Challenge starting April 1^st and continuing the entire month.  Print the form and ask friends, family, and others you know to sponsor you to help support the Connecticut Chapter ALS Association.

 

Second, participate with us in the 9^th Annual Shoreline Walkathon  in Branford, Connecticut to support feeding the hungry in our community.  Additionally, because the walkathon is scheduled for April, 21^st 2012, the 3 mile walk can be time added to your ALS Challenge.  Therefore, in one day you can support two very important causes.

 

Lastly, we are proud to announce that Paul Sturgess will be honored at the 9th Annual Shoreline Walkathon as Grand Marshall in memory.  We hope you could join us.

 

To Learn More About Our Community Outreach in Connecticut – Visit V.F. McNeil Insurance Today!