Renters Insurance Nebraska
The average estimated cost of a rental insurance policy in Nebraska was $151 a year in 2013. Renters insurance is cheaper than most people realize; average homeowners insurance is $960 a year in Nebraska
Comparing Renters and Owners Insurance in 2013 in Nebraska
The landlord's policy does not cover renter's damages like burglary. There were 8735 burglaries reported in Nebraska in 2012. So, to protect one from events like fire, burglary or other disasters renters insurance is required.
Renters Insurance Coverage Types:
Actual cash value policy:
The depreciated value of the loss is covered by the actual cash value policy. For instance, the Desktop you bought for $2370 may be only worth $1190 six months later and that is the value you will get for it.
Replacement Coverage Policy in Nebraska:
- 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 Nebraska costs about $37.75 more than the Actual Cash Value policy.
- The average renters insurance of $10 per month is 1.14% of median monthly rent, taking into account Nebraska median rent as $880 per month.
Estimated Renters Insurance for Different House Types in Nebraska
|House Type||Median Rent||Estimated Renters Insurance|
Deductibles in Nebraska:
In Nebraska, by choosing a $500 deductible over a $250 deductible, an average of $16.61 can be saved on the insurance premium.