Commissioner King Strongly Recommends Faculty College students Think about Renters Insurance coverage – Georgia Workplace of Insurance coverage and Security Hearth Commissioner

July 21, 2022 By admin

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July 20, 2022
ATLANTA – Insurance coverage and Security Hearth Commissioner John F. King is urging faculty college students who’re transferring into leases this Fall to strongly contemplate buying renter’s insurance coverage.
Buying renters insurance coverage is essential to guard your property within the occasion of theft, fireplace, or different sudden disasters. Though landlords have their very own insurance policies for the property, that doesn’t imply your belongings are coated. Moreover, some landlords might require tenants to have renters insurance coverage.
“Whereas transferring away from house is thrilling, I extremely advocate that faculty college students take steps to guard themselves and their belongings as they transfer nearer to campus this Fall,” mentioned Commissioner King. “From cell telephones to computer systems, televisions, furnishings, and even clothes, making certain your possessions are coated within the occasion of a theft or catastrophe can save time, cash, and heartache.”
In line with the Insurance coverage Data Institute, the common for renters insurance coverage in Georgia is $209 a 12 months, or simply over $17 monthly. A wide range of elements can have an effect on this charge, similar to your rental property, location, credit score rating, the corporate you select, what you’re insuring, and any elective protection you select.
Shoppers might get extra data on renters insurance coverage by calling their agent or by contacting the Georgia Division of Insurance coverage’s Client Companies Division at 1‐800‐656‐2298.
The mission of the Workplace Commissioner of Insurance coverage and Security Hearth is to guard Georgia households by offering entry to important insurance coverage merchandise and protected buildings via honest regulation that creates financial alternatives for all Georgians.