Because You Have More Stuff Than You Think!

RENTERS INSURANCE

If you rent a home or an apartment then you need Renters Insurance. If you think you are protected because your landlord has insurance, you’re wrong. You might not own the building, but everything inside it is yours—your laptop, furniture, clothes, kitchenware, and even small essentials like towels and toiletries. Imagine having to replace everything you own all at once after a fire, flood, or theft. That’s where Renters Insurance from Ferrari & Associates comes in.

We make it easy and affordable to protect your belongings and financial well-being, so you can focus on school, work, or life—worry-free.

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What Does Renters Insurance Cover?

A standard renters insurance policy provides protection for:

Personal Belongings – Covers the cost of replacing your items, up to your limit, if they’re stolen, damaged, or lost due to fire, water damage, or vandalism.
Liability Coverage – If someone gets hurt in your apartment (like slipping in the kitchen), this covers legal and medical expenses.
Temporary Living Expenses – If your apartment becomes unlivable due to a covered event, your insurance can cover the cost of a hotel or temporary rental.
Theft Coverage—Even Away from Home – If your bike, laptop, or phone gets stolen outside your apartment, your policy may cover it.

"I don't have a lot of stuff"

Many people think, “I don’t own much, so I don’t need insurance.” But if you add up the cost of replacing your essentials, the total might surprise you.

✔ Your laptop, phone, and gaming console – $2,000+
✔ Clothing and shoes – $1,500+
✔ Furniture, mattress, and bedding – $2,500+
✔ Kitchen supplies, cookware, and food – $1,000+

That’s over $7,000 worth of personal belongings—maybe more! Could you afford to replace everything out of pocket? After paying for everything, how will you pay your rent or temporary accommodations? Renters insurance makes sure you don’t have to.

What Factors Can Affect Your Renters Insurance Premium?

The cost of renters insurance is surprisingly low—usually less than the cost of a few monthly streaming subscriptions. Factors that determine your rate include:

The amount of coverage you need – More belongings = more coverage. Most policies start at $20,000 in coverage.
Your location – Apartments in high-crime or flood-prone areas may have slightly higher premiums.
Security features – Having a security system, deadbolts, or smoke detectors can lower your costs.
Deductible choice – Choosing a higher deductible can reduce your monthly premium.

On average, renters insurance costs between $15-$30 per month—less than $1 a day!

How to Save on Your Car Insurance

Talk to the Ferrari & Associates personal insurance team to explore ways to save on your insurance. We’ll go through options like bundling policies and maintaining a claims-free record. Take proactive steps to reduce your premiums and protect your investments.

Bundle your home and auto insurance for a discount.
Maintain a clean driving record and take advantage of safe driver discounts.
Increase your deductible to lower your monthly premiums.
Install anti-theft devices or winter tires for additional savings.
Consider usage-based or telematics insurance programs.

Our Personal Lines Insurance Team can help secure the right renters insurance coverage.

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Why Choose Ferrari & Associates for Tenants Insurance?

Affordable Coverage – We tailor policies to fit your space.
Multiple Insurer Options – We compare quotes to get you the best rate based on your unique living circumstances.
Expert Guidance – Our brokers ensure you get the right coverage, not just the cheapest.
Easy Sign Up – No complicated paperwork.

*The information provided on this page is for information purposes only and should not be taken as insurance advice. For actual insurance advice, please contact Ferrari & Associates at 1-888-467-8989

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