Bungalow Renters Insurance Center

Insurance Resources, Updates for Users, Advice for Renters and a Whole Lot More

Millennial’s Guide to the Best Renters Insurance

Knowledgeable people say renters insurance is a good idea (Don’t believe me? Go ahead and search for “renters insurance” in Google News. I’ll be here.). Despite this, most people do not have renters insurance policies. Specifically, only 40% of renters have insurance. Compare this to 95% of homeowners who are insured. 

Congratulations on getting this far. You’re acting like a total adult. Way to go.

Source: HBO Silicon Valley renters insurance

Source: HBO Silicon Valley

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Why to buy renters insurance in Allentown, PA

renters insurance in allentown

Why is it important to have Renters Insurance in Allentown?

Allentown is the 3rd largest city in Pennsylvania but it’s the fastest growing. All of those new residents need to live somewhere and chances are most of them will rent an apartment instead of buying a home. Just like in other cities, those renters need to protect their property and protect themselves against lawsuits. That’s where renters insurance comes in. For a low monthly cost, renters insurance provides important protection in case something bad happens, like a fire or a natural disaster.  Just because Allentown’s crime rate has declined significantly in recent years doesn’t mean renters there are immune to burglary or other losses. If you value your things, it’s important to buy renters insurance in Allentown.

Sold on the value of renters insurance? Head on over to the Bungalow website, get a free quote, and purchase right online. Still need more convincing? Read on to learn more about the value of renters insurance in Allentown.

Is renters insurance in Allentown a good deal?

Renters insurance is a great deal pretty much no matter where you buy it. The average price for a policy nationwide was $184 last year. Pennsylvania, the bell-weather political state, is also a bell-weather for renters insurance prices and you should expect that a standard policy will cost less than $200 per year. The cost of your policy will vary based on your individual circumstances and you can get a hassle-free, instant quote from Bungalow entirely online here. Just to give you an idea though, the average cost of renters insurance in Allentown is probably less than you pay for coffee each month. Don’t believe us that renters insurance is worth it? Check out why the New York Times recommends purchasing renters insurance.

What’s even covered by renters insurance?

The most commonly used coverage in a renters insurance policy is property coverage. This is the coverage for all your belongings – your TV, your laptop, your wall art, etc. etc. Take a quick look around your apartment. How much would it cost to replace all your personal belongings if they are unexpectedly damaged or stolen? Televisions, computers, furniture, clothes…. it really starts to add up. You’ll probably need at least $20,000 worth of coverage. This is something you can also adjust right online to suit your needs after you get a quote from Bungalow,

What other types of coverage are included in renters insurance?

Aside from the personal property coverage mentioned above, you also get the following types of coverage.
Personal Liability – If you accidentally hurt someone or damage property that belongs to someone else and you get sued, the personal liability coverage will help with your legal fees. A typical coverage amount is $300,000.
Medical Coverage – This will help pay for medical expenses if someone is hurt in your apartment. Usually this is used to avoid lawsuits. A typical amount renter’s insurance policy includes $3,000 of coverage.
Loss of Use – Let’s say you have smoke damage in your apartment and have to check into a local hotel.  This coverage will pay for a hotel or somewhere else for you to stay if something happens to your apartment. A typical amount of coverage is $5,000.

Why should I buy renters insurance from Bungalow?

We thought you’d never ask! Unlike other insurance websites, Bungalow was designed to do one thing – get you renters insurance as quickly and conveniently as possible. That means no calls from pushy agents, no subscribing you to some annoying newsletter and no up selling. In just 5 minutes you can get a quote and purchase renters insurance. You’ll have that evidence of insurance to hang on the fridge before you know it!

So now that you have nothing to stop you from getting renters insurance from Bungalow,  Get a free quote today!

If you have additional questions about renters insurance, check out our more comprehensive “Millennial’s Guide to the Best Renters Insurance.”

How much does renters insurance cost?

renters-insurance-cost

It’s usually the first question we  hear from customers – how much does renters insurance cost? Well, very simply,  renters insurance typically costs a little  less than $20 per month. That’s right, for the cost of 2 large pizzas, you can get some great insurance coverage from a leading company.  So that’s the easy answer.  If you are satisfied with that, we recommend heading over to our main site and getting a quote right now. The more complicated answer is – it depends. In this post, we’ll take a look at some of the main factors that can impact the your personal renters insurance cost.

Factor #1: Coverage Options

When you purchase renters insurance, you can select different levels for the various coverage options. The two major coverage categories are property coverage and liability coverage. These largely determine your renters insurance cost.

A standard property coverage level is $20,000, but it can vary from as little as $10,000 to more than $50,000, depending on which insurance company you use. This is a significant range and it significantly impacts your renters insurance cost. In fact, $10,000 more in property coverage might increase your cost by as much as $10 per month.

A standard liability coverage level is $100,000. This is also typically the minimum coverage, but it ranges as high as $500,000 or even $1,000,000. However, even though these numbers are much bigger, there is a much smaller price impact if you change your liability coverage than if you change your property coverage. For example, changing your liability coverage from $100,000 to $300,000 may only increase your cost by $1-$4 per month. This is why we always recommend adding more liability coverage – it’s a great value!

For more info on coverage options, check out our comprehensive Millenial’s Guide to the Best Renters Insurance.

Factor #2: Location

The impact of location on price is not as obvious to some consumers, but it certainly does matter. This makes sense when you consider that renters insurance protects you against losses from crime and weather. Just as these factors vary significantly from one location to another, so will your price change!

Additionally, insurance regulations and legal environments are different in each state. This makes it more expensive for insurance companies to operate in some states than in others. This shows up in your renters insurance cost  as well.

While it’s difficult to make a blanket statement about which locations are more expensive than others, we often see higher prices in very urban areas (higher crime), very rural areas (farther from emergency services), and areas subject to natural catastrophes, like coastal locations.

Factor #3: Personal history

The last major factor that impacts your renters insurance cost is your personal financial history. Due to concerns about insurance fraud – fake claims, essentially – insurance companies check your “insurance score” to make a risk assessment. Insurance scores are similar to credit scores and often correlated with credit scores. Consumers who make multiple insurance claims may see their premiums rise in the future, as the insurance companies view it to be a riskier policy.

 

Outside of these three factors, there may still be minor variability in renters insurance cost between different companies. This is because different companies include different ancillary coverages and generally have different underwriting models.

If all of this talk about different renters insurance costs has you wondering what your quote might be, head over to our main site to get a quote for yourself!

Getting Renters Insurance in Pittsburgh, PA

Lots of beer, sandwiches with French fries, crazed sports fans, Pittsburgh sure has a lot to offer. This city is famous for its authentic melting pot spirit, people here dearly cherish their foreign heritage. Pittsburghers are known to adore their city, so if you decided to move here, you are probably in love with Pittsburgh and its picturesque bridges, tunnels, and parks. Hopefully, you love the apartment you are renting as well. And the best way to protect your apartment is to have renters insurance!

If you want to get started, you can get a quote for renters insurance in Pittsburgh in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Pittsburgh? Read on to learn why you probably do!

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What Happens If You Don’t Get Renters Insurance In Newark, NJ

If you visit Newark in the spring, you might be able to witness the blooming of the largest cherry tree collection in the United States. But if you move to Newark permanently, you will find that there is so much more to the city than Newark Liberty airport. Breathtaking Newark Cathedral, plenty of parks, 24/7 diners with simple but delicious food and great public transportation make Newark an amazing place to live. You probably want your apartment to remain as nice as possible for a long time. If so, you should get renters insurance. 

If you want to get started, you can get a quote for renters insurance in Newark in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Newark? Read on to learn why you probably do!

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Benefits Of Renters Insurance In Houston, TX

If you want to get a new start on life and are looking for a place to move to, you should consider Houston. The biggest city in Texas is famous for its hospitality, crazy nightlife, and diverse cuisine. If you can survive the heat and humidity, you will get to meet lots of urban cowboys, enjoy great food every weekend, and jam out to the hip-hop culture. Figuring out an apartment also shouldn’t be that hard – real estate prices in Houston are relatively reasonable.

Alright, you got an apartment, so what’s next? I am sure as a responsible adult, you have heard all this talk about renters insurance. Sure, the reckless broke college student in you might say not to worry about it. Allow me to disagree with that part of your personality; renters insurance is vital for anyone who wants to plan their finances responsibly.

If you want to get started, you can get a quote for renters insurance in Houston in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Houston? Read on to learn why you probably do!

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Why Get Renters Insurance In Fort Worth, TX

A lot of great Mexican food, warm sunny weather all year round, and inherent hatred for Dallas. Can you recognize Fort Worth from this description? If you just moved here, you are probably enjoying how people take things slow here. You could have BBQ every weekend, go to rodeos, and maybe even meet a real cowboy. At the same time, you appreciate that Fort Worth is a busy city with a large population, low unemployment rate and countless job opportunities.

Housing in Fort Worth is relatively cheap, so you will probably be able to find a nice apartment. Once you are settled in, it’s time to buy a renters insurance. You might know that only 40% of renters have an insurance as opposed to 95% of homeowners. Wondering why? I think this happens because the majority of people are not aware of the benefits of renters insurance. But don’t worry, I will try to make sure that you are not part of the majority and lay out the advantages of renters insurance.

If you want to get started, you can get a quote for renters insurance in Fort Worth in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Fort Worth? Read on to learn why you probably do!

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Why You Should Get Renters Insurance In Dallas, TX

Howdy ya’ll! It’s time talk about renters insurance in Dallas. This energetic Southern city has more restaurants and shops per capita that New York. Dallas is famous for its sports team (How ’bout them Cowboys!) and stunning cheerleaders who may make up at least half the reason why football is so popular here. Wonderful weather, great food, fun fairs, just hurry up and find an apartment to rent somewhere already!

And when you’re done with the apartment hunt, don’t forget about the renters insurance! But why would you spend additional money on renters insurance? Do the benefits of renters insurance really outweigh the costs? 

If you want to get started with the process, you can get a quote for renters insurance in Dallas in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Dallas? Read on to learn why you probably do!

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Why You Should Get Renters Insurance In Austin, TX

Ranked 4th safest city to live in, Austin is a cultural center of Texas. Residents of the Texas state capitol enjoy amazing food, sunny weather all year long, and free open air concerts. If you are looking for a place to get a little weird, but don’t want to leave the warm South, you should consider moving to Austin.

Whether you are new in town or looking for an apartment to move to after college, you will probably want to rent. Now, do you think you would be able to replace all your possessions if someone stole them or if there was a fire? That is why you need  renter insurances!

If you want to get started, you can get a quote for renters insurance in Austin in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Austin? Read on to learn why you probably do!

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Why You Need Renters Insurance In Los Angeles, CA

Los Angeles, the entertainment capital of the States, welcomes more and more people every year. Whether you just graduated from one of the colleges in LA County or are moving to the city of Angels from across the country to take on the film industry, you probably have to find an apartment.

I understand, it can be hard to get to work when you are in LA with the sunny weather and all the fun things to do in the area; you would much rather hit the beach than go through apartment listings. But did you know that LA has the highest percentage of renters in the country? If all those people can do it, you can too!

So, when you have finally found an apartment, who has the energy or motivation to get renters insurance? Getting renters insurance seems like such a boring and complicated process. But that’s why we started Bungalow!

If you want to get started, you can get a quote for renters insurance in Los Angeles in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in Los Angeles? Read on to learn why you probably do!

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Why you should get Renters Insurance In San Jose, CA

San Jose is located in Silicon Valley, the center of the technology world. This city hosts more than 7,000 startups and tech companies – truly countless opportunities for young professionals. As a result it’s one of the most educated cities in the US – more than 50% of adults have college degrees. San Jose also recycles more than any other American city, has sunny weather 300 days a week, and was named the third safest city in the country. Sounds perfect to you? Hurry up and pack your bags!

There are very few downsides to living in San Jose – well besides the high costs of living. It’s understandable that you want to cut back on additional spending when your monthly rent is already so high, but you shouldn’t try to save money by skipping renters insurance. Doing that could cost you way more in the end.

Looking for a quote? Get a quote for renters insurance in San Jose in 2 minutes on Bungalow. No one makes it easier! Not convinced you need renters insurance in San Jose? Read on to learn why you probably do!

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