You don’t own the building, but you own all your possessions inside it! Disastrous weather and theft can rob you of your belongings, which are probably worth more than you think.
Renters insurance also covers your liability if someone injures themselves in your home. Learn more about the liabilities you have as a renter, and how to get the best coverage for the best price. Renters insurance is too affordable to pass up!
How much would it cost to replace all your furniture, electronics, clothing, and household items? You can inventory your property using the Home Inventory Checklist and estimate their replacement cost. There are limits for special categories of property, like money, jewelry, and firearms, so be sure to discuss what you own with your agent.
What happens if your apartment building burns down and you have no place to live? Your renters policy also contains Additional Living Expense coverage while the building is repaired or you relocate elsewhere.
You also have limited coverage if you improve the building during your tenancy (for example, adding built-in shelving that stays with the apartment). And you can request additional coverages like Credit Card Forgery, Identity Fraud protection, and Special Computer Coverage.
Review Your Policy
If you make an exciting purchase like new furniture or TV, or you decide to move into another apartment, make sure you keep your A1 Insurance agent in the loop. They will make sure you have adequate coverage for your property in case the unexpected happens.