Tag Archives: Northwestern University

Why Renter’s Insurance Is A Good Idea

You may not have thought about getting renter’s insurance in your search for an apartment but it is a very good thing to consider. Your landlord’s insurance will not cover your belongings, it only covers damage to their property and the appliances that are rented to you with the apartment. Many things could go wrong that would leave you without your things such as a fire, storm, or even theft. Thinking that you don’t need the insurance because these things probably won’t happen to you isn’t the mindset you should have either, considering renter’s insurance is actually pretty cheap for what you would get out of it should the need arise.

Payments

With renter’s insurance, there are options on how you pay for it. You can pay month to month or you can choose to pay all at once, once a year. If you choose to pay all at once, there is often a discount on the overall cost but sometimes it’s easier on the bank account to pay month to month even though you end up paying more in the end.

Being Ready

So now that you’re looking into insurance, you should know how to be prepared in the event that you end up needing to use it. A good plan of attack is to have all of the numbers that you would need to call in one place along with a list of information that they are going to ask for.

Inventory

One of the main things that they are going to want you to have is an inventory of your belongings and their actual worth. You may not think that you own that much capital in your belongings but the average person owns about $20,000 in belongings. Your table may be a thrift shop find but you’ve still got your computer, textbooks, clothes, etc. to consider. After you’ve got a list put together of your belongings, make sure you keep it safe. A hard copy kept in the freezer (in a plastic bag) should keep it safe in the event of a fire or your computer being stolen.

Understand Your Policy

Your renter’s insurance covers more than just your belongings. Depending on your policy, it would most likely also cover liability if somebody is injured and there are medical expenses in your rental property and it should also cover living expenses if you are displaced from your rental for reasons such as repairs.

Types Of Coverage

There are many types of rental insurance coverage. The thing to consider is whether you want to get ACV (Actual Cash Value) or RV (Replacement Value) insurance. ACV takes into account the depreciation of your belongings on a payout where RV estimates a payout based on what it’ll cost you to replace the belongs. An RV policy will have a higher premium but the policy would make it easier to replace your things should anything happen to them.

Apartments can be tough to decorate without over or under doing it. They have a lot of empty wall space but filling all of the walls in a small space can make it feel like they’re closing in on you.

1. Lighting your space properly will open up the dark corners so the amount of area you actually have is visible. Most apartments don’t have too many windows and they may be facing another building or just don’t let light in very well. A dark apartment will always feel more like a cave than a home, so add some lamps to liven up your living space.

2. Slim Furniture provides all of the benefits as it’s bulkier relatives but takes up less space, both physically and visually. Finding the right pieces might be difficult but once you do, you will have furniture just as comfortable as any other and looking much nicer in your apartment.

3. Rugs provide an alternative to the flooring your apartment came with and can be used to both individualize your space and you can use them to separate a room into it’s different functions. This is especially nice for a studio apartment but can also be used in an apartment with bedrooms to divide your living area from your work area.

4. Wall Hangings can either be bought or made by you. They give life to your walls and break up the large expanse of emptiness. The important thing to be careful of is making holes in your walls because your landlord will take the repair costs out of your security deposit.

5. Mirrors are excellent at opening up a space. The reflective surface not only makes it seem like there is more space in the room but it also reflects more light into the area. Mirrors also don’t look like they weigh a whole lot unless the frame is overly large so they won’t look chunky as a decoration.

Finding space in your apartment to store miscellaneous belongings can be tough when an apartment only comes with one or two closets. There are ways of creating your own storage though that don’t mean your apartment looks messy.

1. Under The Bed is a good place to put a few flat or small objects. Just letting it stay empty is a waste of space in a place where space is in short supply. Keeping things you use more often toward the front will help you find them easier and keep you from making a mess digging through all of the things under there. If you are concerned that people can see your storage space, invest in a skirt for your bed.

2. Behind Corner Furniture is a little niche you can use to your benefit. A chair angled right can make a space suitable for any number of items to be carefully tucked away. This would be a really good place for your cleaning supplies. It would give you easy access and nobody is going to think you’re messy for leaving cleaning supplies a little bit visible.

3. Open Storage makes finding things much easier and when it’s used in the right places, doesn’t look bad. The bathroom is a good place to utilize open storage, especially since most apartment bathrooms are really small and lack space to keep all of your necessaries. Kitchens or an adjacent dining space is another ideal place to use open storage for your cooking supplies.

4. Bookshelves don’t have to be just for books. Arrange some of your more decorative belongings out in the open as a display. It can be a good way to show visitors a bit more about you and start a conversation or give them something to look at while you grab an item quick.

5. Multipurpose Hampers are a good place to throw a backpack at the end of the day or your sweatshirt instead of on the furniture and as a bonus, closing the lid makes the hamper into an inconspicuous storage space. If you have a pet, all of their toys can just go into a hamper since they don’t really require organization. Hampers don’t have to be just for dirty clothes.

Of course it would be great to have a nice, big house to live in, but as college students, we generally live in a nice, small apartment. To make the most of your limited space is no easy task, so here are some tips to making sure you are keeping organized in your small space because staying organized is a sure way to keep clutter out of your living space.

1. Make a chore list. It may feel strange as an adult to have a chore list, but it is an effective way to make sure you are getting everything done. There is always more to do than you think and keeping track of all of that is just easier if you have a list to look at.

2. Make a playlist. When you are trying to tidy up, it is easy to get distracted by something else around you. Blocking out other noises and also giving yourself a rhythm to work to will keep you efficient, reducing the amount of time it takes out of your day to make your apartments less cluttered.

3. Use one calendar. If you have a calendar of events that contains all of your obligations in one place, it makes planning your time that much simpler. Knowing when you have time allows you to plan ahead so you aren’t rushing around and throwing things down instead of putting them where they belong.

4. Give everything a place. When all of your belongings have a place to be, they aren’t out and about around your apartment. Not only does this de-clutter your living space, it also makes it easier for you to find things later when you need them, especially if you are in a hurry.

5. Get rid of things you don’t use. If you haven’t used it in a year and it holds no sentimental value, why do you still have it? Things that you don’t use are just taking up space in a place that is already limited in that respect. If the issue is that it still holds some value and you are unwilling to give that up, sell it or donate it. This way, you aren’t just throwing it out.