Renters Insurance New Hampshire
In 2013, the average estimated cost of renters insurance in New Hampshire was $130 a year. Compared to that the average homeowners insurance is $700 a year in New Hampshire, thus renters insurance is cheaper than most people realize.
Comparing Renters and Owners Insurance in 2013 in New Hampshire
There were 5444 burglaries reported in New Hampshire in 2012. The landlord's policy does not cover renter's damages like burglary. Thus to get protection from events like fire, burglary and other disasters renters insurance is essential.
Renters Insurance Coverage Types:
Actual cash value policy:
The Actual cash value policy covers the depreciated value of loss. For example, a Desktop bought for $1810 might be worth only $910 in six months, and that is all one is going to get for it.
Replacement Coverage Policy in New Hampshire:
- In that same example, you won't necessarily get what you paid for your Desktop, but you'll get enough to buy another one just like it. Replacement Cost Insurance in New Hampshire costs about $32.5 more than the Actual Cash Value policy.
- The average renters insurance of $10 per month is 0.91% of median monthly rent, taking into account New Hampshire median rent as $1100 per month.
Estimated Renters Insurance for Different House Types in New Hampshire
|House Type||Median Rent||Estimated Renters Insurance|
Deductibles in New Hampshire:
In New Hampshire, by choosing a $500 deductible over a $250 deductible, an average of $14.3 can be saved on the insurance premium.