If you think your apartment’s contents are covered by your landlord’s insurance, think again!
A landlord’s policy usually only insures the building’s structure, but not the contents on tenants. After a
fire or theft, you would have to pay for replacing your belongings.
What’s the solution ? Renters Insurance. This policy will cover you against certain common perils such as fire, lightening, theft and vandalism.
But there are other reasons you need renters insurance.
Built-In Advantages:
Your belongings are covered not just in your apartment, but anywhere in the world! There’s more...
Living Expenses – If you must move out of your apartment because of an insured loss, insurance will pay for any additional living expenses for as long as necessary (up to the limit stated in your policy).
Legal Judgments – Renters Insurance will pay for legal judgements against you if your negligence causes:
Someone’s injury on your premises.
Damage to someone’s property
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Options Available:
Replacement Cost - If your $500 TV were stolen, standard insurance would deduct for wear & tear. You could be paid only a fraction of the original cost. To replace it at today’s cost of $800, most of it would need to come out of your own pocket.
But you can add replacement cost coverage on Contents to your policy. With this coverage you’ll be paid the full $800 for repairing or replacing that TV (subject to policy limits and deductibles).
More Coverage – Would you feel more comfortable with extra liability coverage? Or a higher limit on jewelry ? You can add or expand coverage for valuables such as jewelry, antiques, works of art, coin or stamp collections, cameras, musical instruments, and computers to name a few.
Other Optional Coverage - Contact us to learn about other coverage options such as Identity Theft Recovery, Water & Sewer Backup, Flood, Home Business
Take Inventory!
If you’re not sure how much coverage you need, ask for a Household Inventory Record. You can list your belongings and their purchase prices. With this booklet, you can estimate the value of your inventory. Then we can help you select the amount of insurance that is right for you.
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