Finding the right place to rent isn’t easy. But now that you’ve signed on the dotted line, put down first and last month’s rent, and moved all your things in, the hard work is definitely done. However, while you’re settling into your new home, the Bearingstar team recommends you do one final and easy, but extremely important, task. We want you to consider getting renters insurance, even if your landlord hasn’t required this coverage as part of the lease agreement. In general, having a renters insurance policy is a minimal additional monthly expense that offers broad protection and peace of mind.
A Renters Insurance Policy Protects Much More Than Just Your Belongings
Take a moment to consider all the things in your apartment, from your furniture, electronics, and appliances to all the items tucked away in closets, drawers, and cabinets. Now imagine the expense of having to repair or replace every single one of these belongings after a fire, theft, or other covered event. Even if you don’t have any big-ticket items, it would likely cost you tens of thousands of dollars. Many renters mistakenly believe that a landlord’s insurance policy would provide financial assistance in these situations. In reality, though, your belongings are your responsibility to protect, and you would be accountable for paying to get everything back to the way it was. So, a renters insurance policy is well worth your consideration just for the personal property protection it would provide you. However, we want you to know that a renters policy actually includes several valuable coverages:
- Personal Property Coverage helps cover the cost of replacing your belongings if they’re stolen, damaged, or destroyed by a covered peril.
- Personal Liability Coverage helps pay for legal expenses resulting from a claim or lawsuit brought against you if someone is injured in your home or you accidentally damage someone else’s property.
- Loss of Use Coverage helps you pay for additional expenses you may incur if you need to move out of your home temporarily because a covered event has made it unlivable.
- Medical Payments to Others helps pay for medical expenses of someone who is injured in your home regardless of who is at fault.
Helping You Get the Right Amount of Renters Insurance at an Affordable Rate
The top priority for our team will always be to make sure your renters insurance policy includes the appropriate amount of coverage to help support you financially in the event of a claim. However, we also want to offer this coverage at a rate that fits your budget. Our team helps you select the right coverage amount while maximizing your savings by:
- Providing you with a comprehensive home inventory checklist so you can accurately document and value your personal belongings.
- Recommending optional, budget-friendly endorsements, such as Scheduled Personal Property, and additional policies, like umbrella insurance, to customize your policy for your distinct property and liability risks.
- Investigating all renters insurance savings options you may qualify for, including discounts for placing your car and renters insurance with the same insurance company or credits for having protective devices, like smoke alarms and security systems, in your home.
This Is What We Love to Do
Educating customers on how to protect what is most important to them, providing insurance solutions that are easy to understand and competitively priced, and backing it all up with exemplary service—these are the things every Bearingstar team member is passionate about.
What Makes Bearingstar Different?
At our core, we are an agency focused on making a positive difference in the lives of people, from the customers and communities we serve to our employees working and living across Massachusetts and Connecticut. Click on any of the company principles to the right to learn more about how we strive to fulfill our collective personal and professional mission every day.
People FirstGood CitizenshipDiversity & InclusionStrength & SecurityBest-in-Class Performance
We always prioritize the person (not the transaction) and focus on building enduring relationships with customers and employees through positive, caring, and respectful interactions.
We take great pleasure in collaborating with people and organizations in the communities we serve and enjoy engaging in opportunities that allow us to give back and make an impact.
We are strongly committed to meeting the needs of the diverse individuals, families, business owners, and employees we support.
We have been here for our customers for over 25 years, and being backed by a long-standing and financially stable mutual assurance company means we are here for the long term.
We constantly seek new ideas, opportunities, and methods of doing business to ensure that we remain the benchmark for responsiveness and adaptability to customers’ ever-evolving needs.
