In addition to covering your possessions, a solid renters insurance policy will also protect you from liability in the event of a lawsuit. Military service members are more likely to need and, therefore, benefit from renters insurance.
Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

Three Top Reasons and Four Tips for Buying Military Renters Insurance

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Military service members are more likely to need and, therefore, benefit from renters insurance for the following reasons:

1. Vacant Properties. Military members often rent property in areas a long way from home. This means that during a deployment or visit home, family and friends aren't there to check on the property or make it look like someone is present. A vacant-looking home is a likely target.

2. Frequent Moves. Military members are repeatedly called upon to uproot and move thousands of miles. This increases the probability that possessions are lost, damaged, or destroyed in transit.

3. Potential for theft. Because of their locations, many military bases are often targeted by criminals. This raises your likelihood burglary.

And, in addition to covering your possessions, a solid renters insurance policy will also protect you from liability in the event of a lawsuit.

FOUR TIPS FOR BUYING RENTERS INSURANCE

1. Amount of coverage. If you have lots of expensive possessions, a larger coverage amount is more appropriate. But in addition to protecting your possessions, renters insurance can protect you; check into liability coverage in your renters insurance, to cover you in case you are sued for damages of any kind.

2. How Much Deductible. A higher deductible will lower your renters insurance premiums and that can help your cash flow. However, a lower deductible comes in handy if you have a claim and can't supplement the difference in value and the insurance reimbursement to replace a beloved item. Consider which makes the most sense for your needs.

3. Actual value vs. Replacement cost You can either be insured for the actual cost or for the replacement cost of your possessions. Choosing actual cost may save you money on premiums, but might not cover the cost to replace an appreciated item. Replacement cost will often pay you more, but this insurance option entails higher premium payments.

4. Location and history of claims filed. Like any insurance policy, if you have a history of filing frequent claims or live in an area prone to crime, you will pay more for coverage. Shop around for the best competitive rates based on your history.

The good news is that renter's insurance is relatively inexpensive. For as low as $10 a month, renter's insurance can give you affordable peace of mind, and the money to replace or repair your possessions if ever you need it.



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