MONDAY, AUGUST 5, 2019
Facts
- Estimates are that most renters own $30,000 of personal property on average.
- The landlord's insurance does not cover their tenants' personal property.
- Renters insurance is very affordable, usually between $100 and $300 per year depending on the amount of coverage. That's less than $1 per day!
Available Coverages
- Personal property coverage (also known as contents coverage)
- Guest medical coverage
- Family personal liability protection
- Additional living expense coverage
Optional Coverages
- Extended coverage for jewelry, watches, furs, electronics, cameras, and business equipment
- Scheduled personal property coverage for jewelry and other more expensive items
- Identity theft protection
- Fire department charges
- Water and sewer backup (Note that this does not include flood)
Coverage Types
- Actual cash value (ACV) based on depreciated value of personal items
- Replacement cost (RC) replaces items with new items of like kind and quality
Available Deductibles (Varies By Company)
Discounts
- Multiple policies with the same company
- Protective devices such as smoke alarms, deadbolt locks, fire extinguishers, and alarm systems
- Senior citizens and retirees
- Monthly automatic bank draft or annual paid in full
Contact Us
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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