Walden Pond Apartment Homes

1400-A Weeping Willow Drive, Lynchburg, VA 24501
Call: 833-280-0420 Email UsWaldenPond.PropertySite.HHHunt@aptleasing.info View Map
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Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: Closed

$696-$1,308

Apartment Homes Lynchburg VA Blog

Renters need Renter's Insurance

Joseph Coupal - Monday, July 30, 2012

According to an Insurance Information Institute survey, while the majority of American homeowners have insurance, only 31% percent of renters buy renters insurance. This is a scary stat for those living in cities like Lynchburg, VA where renting is very common.

Renters insurance provides financial protection against the loss or destruction of your possessions when you rent a house or apartment.  Your possessions are not covered by your landlord's insurance. The good news is that renter’s insurance premiums are relatively inexpensive.

it is affordable, the average renters insurance policy costs less than $20 per month.

There are two types of rental insurance policies:

  1. Actual Cash Value. This kind of policy pays to replace your possessions up to the limit of your policy, minus a deduction for depreciation.
  2. Replacement Cost. This policy pays the real cost of replacing your belongings (regardless of depreciation) up to the limit of your policy.

Just as with homeowners insurance, if you have expensive jewelry, furs, sports or musical equipment, or collectibles, you may want to consider adding a floater or rider to your policy. This is a separate policy that provides additional insurance for your valuables and even covers them if they are accidentally lost.

For information on renting an apartment in Lynchburg, VA, close to work and recreation, contact Walden Pond Apartments.

Home Goes Strong


Walden Pond Apartment Homes

1400-A Weeping Willow Drive, Lynchburg, VA 24501

Call: 833-280-0420
Email UsWaldenPond.PropertySite.HHHunt@aptleasing.info
View Map
Walden Pond Apartment Facebook Walden Pond Apartment Twitter Walden Pond Apartment Google Plus Walden Pond Apartment RSS Feed
Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: Closed

$696-$1,308