3 Tips for First-Time Renters

This post is sponsored by BabbleBoxx.com on behalf of Erie Insurance.

Whether you’re a 20-year-old college student or a 40-year-old professional, renting is always a good decision when choosing a place to live. You can finally have your own place. You know where the nearest coffee shop is, which pizza place to order from and who lives close by. But what about protecting all your stuff in your new space – or protecting your stuff even when you’re out and about? Read below for my tips on renting for the first time and how to protect yourself with Erie Renter’s Insurance.

Invest in renters insurance

Probably the most important tip on renting is to invest in a good renters insurance from a company you trust. Erie Insurance is my number one choice of renters insurance because they are such a responsive carrier and agency for my personal insurance. Many people assume that their landlord’s insurance covers everything, including their personal belongings, but that’s not the case. That’s why you may want to consider renters insurance. Renters insurance covers your personal property everywhere you go – anywhere in the world. For example, say you’re surfing the net at a coffee shop and your expensive laptop gets stolen. Or you park your bicycle somewhere and it disappears. Rental insurance covers losses like that.

Renters insurance can also help if there’s a fire or other damage to your apartment and you need somewhere to stay while your building gets repaired. If you get injured on your property, renters insurance covers that. Renters coverage provides additional living expenses, which can pay for a hotel stay, temporary rentals, meals and other expenses you may have. With Erie Insurance, you can finally relax. They believe that one of the many benefits of renters protection is your well-deserved chill time.

Budget, Budget, Budget

Besides your monthly rent, one of your biggest monthly expenses will include utility costs. This is why it is important to budget your money throughout your renting process.

Although, the costs of buying a home are far more complicated than renting, especially if you factor in variables like mortgage rates, the size of your down payment, taxes and how long you plan to live there. Believe it or not, renters insurance is a good way to budget and keep your unexpected costs down to a minimum. Renters insurance may be a lot more affordable than you think. In fact, if you get both a car and renters policy together, you may get a multi-policy discount. In some cases, the discount actually pays for the renter’s policy.

Make the space your own

An apartment or a rental is the perfect place to add your style to with the addition of the cozy, relaxing appeal. Through budget-friendly options for furniture as well as decor, you can make the apartment reflect the person you are. When you trust that your stuff is secure with rental insurance, you can spend your energy on decorating.