Many young people don't realize their credit score has a big impact on their ability to rent a home or apartment. Most landlords pull credit reports before agreeing to sign a lease, and a less than desirable FICO score can severely limit your chances of getting into a decent apartment at all, let alone at a reasonable price. 90% of top lenders use FICO® Scores. Insurance companies, too, often charge higher insurance premiums to applicants with poor credit scores. But do you have to let your negative credit score affect you in this way? Can … [Read more...] about Hidden Problems Renters Face with Their Credit Score
Renters Insurance
Insurance Companies Canceling Policies Might Not Be A Bad Thing
I saw a segment on the news recently that highlighted a family whose insurance company had canceled their renters' policy. The family in question filed two claims against their policy over the holidays after burglars broke into their home before Christmas and again just before New Year's. As a result, their insurer dropped them.
Of course, the timing was horrible, and the local media covered the story exhaustively. But I'm glad the insurance company canceled their policy, and you should be happy, too. Here's why:
What are the odds of a family … [Read more...] about
Why Every Renter Needs Renters Insurance
Every renter should have and needs renters insurance. Renters insurance, which is also often known as personal property insurance, is essential for every renter no matter what your circumstance. Many renters forgo this coverage, and as a result, are putting themselves in financial jeopardy should something happen. Why You Should Purchase Renters Insurance Individuals should consider getting renters insurance to protect their property should something happen. A common misconception among renters is that the landlord will cover damage to their … [Read more...] about Why Every Renter Needs Renters Insurance
College Students Need Renters Insurance
Renters insurance is essential for anyone who does not own a home. Renters insurance is actually a misnomer. It really should be thought of as personal property insurance since it is designed to insure your personal possessions and not just for renters. It can apply for a wide range of other people as well such as college students, storage unit owners, and many others. Since college students typically rent an apartment or live in a dorm room, renters insurance can be a valuable asset for them to have. Renters insurance will protect the assets … [Read more...] about College Students Need Renters Insurance