Renters insurance is vital to protecting your belongings, whether you’re a first-time renter or have been living in apartments for years. But what happens if you have bad credit? Can you still get renters insurance?
The answer is yes – but it may be more difficult and more expensive. Swartz Premier Group Insurance in Moberly, MO provides expert insurance advice on navigating this important coverage. Here we discuss how bad credit can affect your ability to get renters insurance, and we’ll also provide some tips on how to make it happen.
Can Bad Credit Affect Your Eligibility for Renters Insurance?
Bad credit won’t necessarily disqualify you from getting renters insurance, but it can make it more difficult. Insurance companies use credit scores to help determine premiums, and if your score is low, you may be seen as a higher risk.
This means that you may have to pay more for your coverage or you may only be able to get coverage from a limited number of insurers. If you’re looking for renters insurance and have bad credit, you need to talk to a reputable company like Swartz Premier Group Insurance in Moberly, MO.
What You Can Do If You Have Bad Credit
There are a few things you can do to try to get around the issue of bad credit:
- Look for companies that don’t use credit scores when determining premiums
- Shop around and compare rates from different companies
- Pay your premiums in full upfront to avoid finance charges
- Try to improve your credit score. This takes time, but if you’re able to do it, it can make a big difference in the cost of your insurance
Give Us A Call
Bad credit doesn’t have to be a deal-breaker when it comes to getting renters insurance. There are plenty of options available, but you may have to do some extra work to find the right policy for you. Swartz Premier Group Insurance in Moberly, MO can help you find the right renters’ insurance policy, no matter what your credit score is. Contact us today to learn more.
