If you rent your home, you have probably heard many times, you should purchase renters insurance. Why you ask yourself – you may think that what you have in your home is not worth anything, or that it would be covered under the building owner’s insurance if something bad goes wrong. Common misconceptions. Ask yourself this question – can you replace everything in your home if stolen or damaged?
The fact is, most people could not replace the thousands of dollars’ worth of personal belongings in the event of burglary or fire. You may be the most careful person in the world, but you cannot control your neighbors, or even Mother Nature. This is where renters insurance can help protect you against potential damage. The cost of renter’s insurance is small compared to the peace of mind you will get. It can also save you a significant amount of money on your Ohio car insurance. Here are just a few things to consider when looking at renters insurance:
Applying for and understanding what you are applying for, in regards to renters insurance can be overwhelming to some. We take the time to help you understand all of your options from a basic policy that covers your contents, to other options such as covering your contents while traveling. In addition, it is important to understand what is and is not covered under our policy. We will review what happens in the event of a natural disaster, as well as broken pipes, fire, theft and more.
It is a good idea to make a list of all of your valuables. This is a great starting point in deciding what policy will be best for you and choosing your policy limits. While it is not required by all insurance companies to take pictures or a video of your contents, it is a good idea. When making your list, be sure to include any serial numbers that can help at the time of making a claim.
Once you have a complete list of all of your valuables, you should assign values to each item (basically what the cost would be to replace the item if stolen or damaged). You may have some sentimental items which will be hard to place a value on, but again, you will want replacement values. This information is not only valuable in determining the policy limits, but also will aid you if and when you must file a claim.
Be sure that you keep your insurance policy and your content list in a safe place. It is recommended to keep a few copies. Perhaps place a copy in a safe deposit box, or ask a family member to hold.
It does not matter if you are just starting out or you have many years’ worth of valuables, it is all important. It is beneficial for you to protect your valuables, and renter’s insurance is the least expensive and easiest to obtain. Don’t take the chance of having to start over from scratch – contact us today to learn how a renter’s insurance policy can protect you. Get a quote today!