Best Renter's Insurance Companies in Metairie

FAQs

• Do renter’s insurance policies in Metairie cover personal possessions stolen outside the rental unit?

  Yes, renter’s insurance policies in Metairie cover personal possessions stolen outside the rental unit. Some examples of actual cases of theft outside the rental home include a phone stolen during a music festival and a laptop stolen during travel. Bikes are also usually stolen or vandalized outside the home when they are parked. Renter’s insurance can cover items that were lost through theft both inside and outside the country.

• Does a Metairie renter’s insurance provide peace of mind to policyholders?

  Yes, a Metairie renter’s insurance provides peace of mind to policyholders. Even in the ideal situation that they never get to file any claim with their insurance provider, this does not mean that they did not have any use for their policy. The point of having an insurance plan is to provide the feeling of calm and safety in the possibility of something untoward happening. It lets policyholders focus on their experiences instead of worrying about their things.

• Is choosing replacement cost over cash value as one’s form of compensation for their Metairie renter’s insurance more advisable?

  Choosing replacement cost over cash value as compensation for ones’ Metairie renter’s insurance is more advisable because it provides for the cost of replacing the item, which is usually higher given that items depreciate with time. In contrast, cash value only pays for the current dollar value of the lost item, which is not enough to cover the cost of buying a new one. Opting for replacement cost means a higher premium.

• How much does Metairie renter’s insurance cost?

  The average cost of renter’s insurance in the state of Louisiana, which encompasses Metairie, is 36 dollars per month or 433 dollars per year. The least expensive policy can be as low as 288 dollars per year, which is 145 dollars cheaper per year compared to the state average. In the entire U.S., the state’s rates and quotes are the most expensive. A policy usually costs 194 dollars more per year compared to the country’s average.

• Should military personnel in Metairie consider getting USAA renter’s insurance?

  Military personnel in Metairie should seriously consider getting USAA renter’s insurance, which is an option for active and retired military members and their families. It has the major benefit of providing policyholders with flood coverage, so that they do not have to spend additional money to protect their possessions against floods due to storms, rising waters, and hurricanes. Other advantages include replacement cost coverage at no extra cost and protection for military gear and uniforms while on duty.