How often will I be billed for renters insurance? Monthly? Yearly?

"I'm moving out of my parents' place and trying to figure out my budget. What type of billing schedule can I expect for my renters insurance?"

Answer
“Renters insurance can be billed in many different ways, and it is typically very inexpensive. Most companies are very flexible and offer the option to set up monthly or quarterly payments; you also have the option to pay your premium in full upfront.
With regards to the term, a property insurance policy will always be written for one year. Like with most policies, if you are able to, it is usually more cost-effective to pay for the full year and avoid any installment fees. “
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Savannah Grabek
Answered on Jun 16, 2021
Savannah Grabek is an expert in Personal Lines insurance. She has 5 years experience in the insurance industry. Savannah began her carrier working with just property insurance and is now tenured in all personal line including home, auto, motorcycle, boat and umbrella. She previously worked for GEICO and has now been working with Jerry insurance for the past year. Savannah lives in New York with her son, fiancé, and puppy Bear. In her free time she enjoys spending quality time with her family and hiking with her dog.
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