RENTER’S INSURANCE
Renter’s insurance is coverage for your personal property only. If you are renting an apartment or a house, you have no protection for your personal property in the event of a loss or disaster unless you get your own Renter’s Insurance Policy. The landlord is only able to insure his dwelling. That is why it is so important to get insurance for all of your personal belongings such as…..
- Clothing
- Living Room Furniture
- Bedroom Furniture
- Dining Room Furniture
- Electronics (Stereo, Computer, Television, etc.)
- Kitchenware
- Toiletries/Personal Care Items
It is also important to make sure you have Replacement Coverage on your personal propertyversus Actual Cash Value.
Actual Cash Value, is compensation after depreciation of each item. Basically, what was the item worth before it was destroyed?
Replacement Coverage is compensation to replace the destroyed item brand new at today’s price. There is no depreciation used here. What does it cost to buy a brand new item of similar, like & kind that was just destroyed?
As you can now think about what it would cost to replace all of your personal belongings brand new, this should help you determine approximately how much renter’s insurance you should have.
Please take a moment to fill out this form above and you will be getting a quote from a professional agent within 24 hours or on Monday if you complete this form during the weekend.