Renters insurance includes three important types of financial protection:
- Coverage for Personal Possessions
- Liability Protection
- Additional Living Expenses
Make sure you have enough insurance to replace all of your personal possessions in the event of a burglary, fire, or other covered disasters. The easiest way to determine the value of all your personal possessions—including furniture, clothing, electronics, appliances, kitchen utensils, and even linens—is to create a home inventory. This is a detailed list of all of your personal possessions, along with their estimated value. An up-to-date home inventory will also make filing an insurance claim faster and easier.
Are you looking to get renters insurance before you move into a new place? The best way to find the perfect policy for your needs is to shop around. Make sure you speak with a plethora of insurance agents to find the best deal.
Often, the carrier you have other policies with will be able to offer you a great deal by combining coverage. If you’re ready to get full protection while renting, then a renter’s policy is absolutely necessary.