The Ins And Outs Of Casualty Insurance

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Avoiding Renter's Regret: Understanding Renter's Insurance Coverage

Moving into my first apartment brought along a whole series of new experiences. I didn't realize that the property insurance my landlord carried wouldn't cover my belongings. I was lucky to find out before anything happened, and I spent a lot of time researching the difference between renter's insurance and the property coverage for landlords. I built this site to share all of the information that I learned, including the insurance coverage best practices I picked up along the way. If you're new to renting and don't have any renter's insurance, I hope the information here helps you to see how it could benefit you and what you need to do to get it.


The Ins And Outs Of Casualty Insurance

24 December 2015
 Categories: Insurance, Blog

When you want to make sure you are properly insured, it is critical that you arm yourself with the best and most relevant information about your policy. This way, you'll have a clear idea of how your insurance will work for you and how much insurance you are covered for. If you are in the market for casualty insurance and need to be sure about what you are getting, read on. 

What exactly is casualty insurance?

Casualty insurance, also known as property and casualty insurance, is a type of policy that allows you to receive coverage for any type of property or belongings that you own. This can refer to a lot of things, from collectables to automobiles to goods stored inside of your home or business. In a lot of cases, you will have a casualty insurance plan bundled with another major insurance plan. For example, you can opt for casualty insurance with your vehicle insurance, homeowner's insurance, renter's insurance, landlord insurance and condo insurance. Make sure that you learn the specifics of the policy to know exactly what you are receiving and what you can expect from your insurance policy.

What should I keep in mind about getting and maintaining a casualty insurance policy?

It is vitally important that you know down to the dollar amount how much you are covered and should continuously update your policy to your needs. For example, if you maintain a casualty insurance policy under your renter's insurance, the policy may need to be adjusted if you purchase a brand new furniture set or new and expensive electronics. You should also be aware of the required minimums that you may be obligated to uphold. For instance, as part of a homeowner's policy, your bank may require you to keep a certain amount of insurance in order for your loan to remain valid.

How can I save money on my casualty insurance?

There are quite a few steps that you can take in order to save money on your insurance policy. First and foremost, shop around through as many outlets as possible. You may be able to catch a number of discounts either online or through things like fraternal organizations, civic groups, alumni associations and credit union memberships. You can also bundle your insurance among a number of other plans to receive a favorable discount on your plan. 

Consider these points and reach out to an insurance provider for more help. 

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