With renters insurance, will you be able to replace what is damaged or stolen?
Renters insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing.
However, renters insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage.
If you are forced out of your home because of a disaster, will your additional living expenses be covered?
Renters insurance pays the reasonable additional costs of temporarily living away from your home if you can’t live in it due to a fire, severe storm or another insured disaster. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company.
Renters insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.
How Much Renters Insurance Do You Need?
Add up the cost of everything you would want to replace if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For an inventory, also record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away form your home.
If you rent an apartment or house in Payson, Provo, or anywhere else in Utah, you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.
“I went to Jason when I was a freshman at BYU having moved from Missouri and was starting out on my own. He helped me find great car insurance and I felt like I could really trust him. As time went on he proved this as I had an accident, added my wife to the plan, and got renters insurance all while keeping my monthly premiums under $85 a month for full coverage! I have now moved back to Missouri for work and family, but how I miss Jason, Keystone Insurance, and Bear River!!! I didn’t have to speak to Jason more than a handful of times over the 5 years I was there, but he felt like part of the family whenever I did. Thanks again! You made my young adult years so much easier!”
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September 25, 2017
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