Factors that influence price

Renters insurance quotes vary depending on the individual. Your age, the estimated value of your belongings and a host of other factors will affect the cost of your premium.  But when collecting renters insurance quotes, it’s important to look at more than just the bottom line.

Before you make your decision, it’s a good idea to collect a handful of renters insurance quotes and do some research before you buy. Here are 5 things you should look in a company when collecting renters insurance quotes.

  1. Brand name

It is wise to go with an established company over a start-up insurance agency. If you know the name of the company that means that they have money to spend on advertising and expanding the business. If the company has the money to spend on its brand image, it follows that it should also have enough money to pay your way if disaster strikes. Additionally, opting to go with a brand name insurance company protects you from getting ripped off by scam artists offering too-good-to-be-true renters insurance quotes and useless insurance plans.

  1. Word of mouth

Check with your friends and business associates and see who has renters insurance. Have they ever taken out a claim? If so, how did the claims process go? Did the insurance company try to bury your friend in a mountain of paperwork or were the agents friendly and easy to work with? Any company can advertise good service but testimonials and reviews from people you know and trust will show you how the insurance company reacts to real people who need help after a disaster or emergency.

  1. Customer service

Take careful note of how you are treated when you call up insurance agencies to ask for renters insurance quotes. If you get put on hold for a long time or are treated dismissively, then you may want to go with another company that offers better customer service. Also, beware of insurance agents that are a little too nice to you– they may be trying to pull the wool over your eyes.  When you sign up for renters insurance, make sure that you get a copy of everything you discuss writing.

  1. Proximity

When looking up renters insurance quotes, be sure to find out if the insurance company offers coverage in your area. Some insurance companies won’t cover you if you live in a rural area so be sure to see which areas of the country are covered before you sign up. Reputable insurance companies will check this information before you buy, but it’s a good idea to double check the company’s coverage territory yourself before you agree to pay the premium.

  1. Professional rating and certification

Nigeria’s NCRIB (Nigerian Corporation of Insurance Brokers) checks each registered insurance company on a periodic basis to make sure that their business practices are legal. Be sure that the insurance company you decide to go with is registered on the NCRIB website before you sign up.