October 10, 2009
Chicago - InsuranceAgents.com – Today’s economy has left nobody safe in terms of employment and steady income. It seems that even the safest jobs are susceptible to being cut or downsized and the result is the burgeoning trend of job loss insurance. Many renters were not aware but it’s true that job loss insurance is available to renters, according to an article recently published on InsuranceAgents.com.
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According to the article titled, ‘Job Loss Insurance For Renters,’ mortgage protection insurance is essential for the peace of mind that should a renter be laid off or experience a cut in pay, their residence is safe because the insurance will pay for their rent. “For renters responsible enough to invest in renters insurance to financially protect their possessions and liability, they may be able to buy job loss insurance,” the InsuranceAgents.com article states. “Job loss insurance is a rider that renters can add to their renters insurance policy, that provides them with some financial assistance so they won’t have to miss their rent payments and lose their home.”
Here are a few benefits to adding a job loss coverage rider to a renters insurance policy:
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It’s incredibly low cost and can be included for as little as $6 per month.
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Coverage includes funding for rent and utility bills.
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Guarantees a place to live while searching for steadier employment.
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Eases the renter’s mind that should they lose their job, they won’t have to worry about making rent while they scramble for employment.
Even though a shaky economy and rising unemployment affects the majority of Americans, job loss insurance for renters is not for everyone. But for most, it offers a peace of mind at a cheap price and can come in handy if unemployment occurs.
Visit InsuranceAgents.com today to get in touch with an insurance agent and learn more about renters insurance, as well as homeowners insurance in order to be prepared in such unpredictable times.
Staff contribution: Kyle Fitzsimmons
