Even if your property owner has insurance, it won’t cover your belongings. Use this checklist to make sure you’re protected.
Inventory your belongings:
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Take pictures or videos of your belongings (like furniture, clothes, recreational toys, electronics and jewelry).
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Copy receipts, and serial and model numbers.
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Store your inventory on the cloud so you can access it after a disaster.
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Ask your agent about replacement value (RV) and actual cash value (ACV):
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ACV reimburses you for the depreciated value of your belongings (usually a fraction of the actual cost).
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RV reimburses you using current pricing for your belongings.
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Ensure your reimbursement type works for your budget, and consider how much you can afford to pay out of pocket if you lose everything in a fire.
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Review your policy limits:
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Medical payments help if your fur baby bites someone or a guest is injured in your apartment.
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General liability helps if someone sues you for personal injury or defamation.
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Don’t forget about essential add-on coverages for things like:
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Additional living expenses (If you have to relocate temporarily because of a fire, this policy would help with additional living expenses.)
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Earthquakes (Any earth movement is excluded without this additional coverage.)
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Flooding (Your basement storage locker might be at risk even if you’re on a higher floor.)
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Sewer backups (Sewage can back-flow into your home, regardless of where you’re located.)
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Electronics and jewelry (Most policies only cover up to $2,500.)
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Give us a call today to adjust your renter’s insurance or for a policy refresh—our agents are here to help protect what matters most to you!
This content is for informational purposes only and not for the purpose of providing professional, financial, medical or legal advice. You should contact your licensed professional to obtain advice with respect to any particular issue or problem.
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