When you’re moving into a house or an apartment for the first time, trust us when we say there is no more terrifying experience than losing all your belongings to theft or fire.
What Good is a Rental Policy?
So, let’s talk about what you can do to protect yourself and your belongings while you’re searching for the perfect place to live! The first step in the process should be calculating the value of your belongings and thinking about whether or not you will need additional coverage. Here are some basic tips that should help you find the perfect policy that works for your needs:
First, set your budget. Insurance can be expensive, and it is always best to shop around before choosing a policy. Still, don’t settle for less coverage than you really need because as time passes, you will only regret it due to all the money wasted on an imperfect policy.
Second, you need to ask about additional coverage such as water damage and earthquakes. If something happens to your place that is out of your control, like a pipe breaking or a natural disaster, are you covered? Alternatively, you can check if the owner’s insurance covers any accidental damages and if the landlord is willing to pay for broken items.
The last suggestion is to ask about renter’s insurance discount options. If you are a student or volunteer firefighter, let your insurer know! They may be able to provide additional coverage at lower rates for people with certain professions. You can also see if you qualify for any other discounts based on your salary or how long you have lived at the same place.
Find Out More
If you have any questions or concerns, we’re here and ready to help you pick out the perfect policy for your new rental. Consultations are always free, so click below to get in touch with us!
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Website and content disclaimer: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify, or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.