If you rent a house, apartment, or condo, protect your belongings and home with renter’s insurance!
If you’re wondering if you should purchase renter’s insurance, take a look around your rented apartment. Your sofa, TV, laptop, books, clothes, and jewelry all add up in value. Now imagine that those items are burnt embers from a house fire. If you’re panicking about losing your items and having to replace all of them yourself, you’ll want to secure your belongings with renter’s insurance!
Why Do Renters Need Insurance?
More often than not, renters don’t think about insurance. After all, they only rent the apartment, and typically, the responsibility of the property falls to the owner. However, those renters have an apartment full of personal belongings that wouldn’t be covered in the event of damage.
Rental properties share all of the same dangers as any other home, including fire, lightning, hailstorms, flooding, and explosions. Additionally, ...
The future of technology is coming to insurance claims.
While information derived from usage-based insurance telematics hasn’t fully been utilized in the claims process, the benefits that it can provide – consistency, efficiency, and accuracy – offer a way to reduce claims costs.
Telematics is considered an accurate way to predict loss costs for insurers in Britain already. They have been implementing telematics information as the first notice of loss. But how can telematics change the insurance future?
Outside of the U.S., every LexisNexis client using telematics data in its claims processing is experiencing significant savings. Should an accident happen, the information is transmitted back to LexisNexis. The information is then used as a first notice of loss (FNOL). A message alerts the carrier of the insured’s accident. The carrier can then reach out to the insured and send help to the scene.
The insurer can also expedite repairs! They can send a tow ...