by Tomclark » Tue Sep 10, 2013 10:57 am
If you’re renting an apartment or home you might assume that your landlord’s policy will cover any loss that you might sustain, but this is certainly not true. Having renters insurance is an important part of protecting your personal belongings as well as your financial state of affairs. Don’t think that your possessions aren’t good enough to insure; by having an insurance plan in place you’ll be ready for any emergency no matter what the event entails. A recent article by Bankrate.com states that many renters don’t see their belongings as being valuable enough for an insurance policy, but the top four reasons below help you to see clearly the benefits of renters insurance.
Reason #1-You must protect your personal property. It’s wise to have coverage in place that protects your computer, camera or stereo equipment, and other items like jewelry, firearms, and collections that are susceptible to theft or damage. From hurricanes to overflowing tubs of your neighbors your personal property will be at the mercy of the event unless you have a plan in place. You’ll want to also make sure that your property is covered even when you are travelling and your belongings are with you.
Reason #2-Protect your assets. You must have coverage in place in case someone falls and gets injured while visiting in your rental home or apartment. This provides you with coverage when someone sues you for medical bills and care or if a landlord states that you have damaged his property in some manner. With the cost of medical care soaring, just one incident could dramatically impact your finances; also if you leave a stove unattended and a fire occurs, you’ll be held responsible for repair on the apartment complex which could devastate your resources.
Reason #3-Loss of use protection is a must in your renters insurance policy. If a hurricane or tornado or Florida’s tropical rains damage your rental property and you have to relocate for a period of time, you should have “loss of use” coverage that helps you with the cost of your temporary living expenses. You’ll need assistance with your food expenditure, living arrangements, and any loss that happened in your freezer with food that needs to be replaced. The bottom line during an emergency is that you want to have protection in place that offers you peace of mind and comfort in the midst of chaos.
Reason #4-You’ll want to replace, as closely as possible, your possessions. You should take pictures and videos of your personal belongings as they appear in your home and narrate what the viewer is seeing for documentation purposes. Keep these documents in a safe location such as a safety deposit box or fireproof safe so that you can provide your insurer with complete and convincing evidence should damage or theft occur and a claim needs to be made. Many renters polices just cover the cash value of what you own so considering a replacement-cost policy may be in your best interest. This is where the expertise of your renters insurance Florida professional will be valuable.
Having a plan in place will do a great deal to protect your personal belongings as well as your finances in case of an emergency.
Reason #1-You must protect your personal property. It’s wise to have coverage in place that protects your computer, camera or stereo equipment, and other items like jewelry, firearms, and collections that are susceptible to theft or damage. From hurricanes to overflowing tubs of your neighbors your personal property will be at the mercy of the event unless you have a plan in place. You’ll want to also make sure that your property is covered even when you are travelling and your belongings are with you.
Reason #2-Protect your assets. You must have coverage in place in case someone falls and gets injured while visiting in your rental home or apartment. This provides you with coverage when someone sues you for medical bills and care or if a landlord states that you have damaged his property in some manner. With the cost of medical care soaring, just one incident could dramatically impact your finances; also if you leave a stove unattended and a fire occurs, you’ll be held responsible for repair on the apartment complex which could devastate your resources.
Reason #3-Loss of use protection is a must in your renters insurance policy. If a hurricane or tornado or Florida’s tropical rains damage your rental property and you have to relocate for a period of time, you should have “loss of use” coverage that helps you with the cost of your temporary living expenses. You’ll need assistance with your food expenditure, living arrangements, and any loss that happened in your freezer with food that needs to be replaced. The bottom line during an emergency is that you want to have protection in place that offers you peace of mind and comfort in the midst of chaos.
Reason #4-You’ll want to replace, as closely as possible, your possessions. You should take pictures and videos of your personal belongings as they appear in your home and narrate what the viewer is seeing for documentation purposes. Keep these documents in a safe location such as a safety deposit box or fireproof safe so that you can provide your insurer with complete and convincing evidence should damage or theft occur and a claim needs to be made. Many renters polices just cover the cash value of what you own so considering a replacement-cost policy may be in your best interest. This is where the expertise of your renters insurance Florida professional will be valuable.
Having a plan in place will do a great deal to protect your personal belongings as well as your finances in case of an emergency.
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