Renters Insurance Kansas
In 2013, the average estimated cost of renters insurance in Kansas was $161 a year. Compared to that the average homeowners insurance is $1010 a year in Kansas, thus renters insurance is cheaper than most people realize.
Comparing Renters and Owners Insurance in 2013 in Kansas
There were 18767 burglaries reported in Kansas 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. An example of this is – a $600 Laptop might be worth only $300 in six months and that is the amount the insurance pays for.
Replacement Coverage Policy in Kansas:
- Quoting the same example, the insurance essentially may not pay for the Laptop but one will get adequate amount to buy another laptop same as the lost/damaged one. The replacement cost insurance in Kansas costs around $40.25 more than the actual cash value policy.
- Considering the median rent of $800 per month in Kansas, the average renters insurance of $10 per month is 1.25% of median monthly rent.
Estimated Renters Insurance for Different House Types in Kansas
||Estimated Renters Insurance
Deductibles in Kansas:
By opting for a $500 deductible over a $250 deductible, an average of $17.71 can be saved on the insurance premium.