You may be skeptical about whether or not it's necessary to carry renters insurance. You should be aware that the insurance that property managers carry does not cover a renters' personal property in the event of a claim! If you want your possessions protected, you will need renters insurance to make that happen.
Keep in mind that if you share a building with other tenants, you could lose your valuables due to the negligent actions of someone else living there and their insurance will not cover you, either. If for instance, you live in an apartment, you share a building with plenty of individuals where fires, theft, and water harm are sometimes frequent. There are many potential dangers and your property is at risk. The items you own are valuable and you should shield them from a loss. Besides, renters insurance in most cases is extremely inexpensive.
What will renters insurance shield against?
At Alaska Pacific Insurance Agency, we know the primary concerns with renting a home or apartment, and renter’s insurance protects you from a range of threats and dangers that would occur with a rented unit. When you purchase renters insurance, you're covering yourself against several things like fire, lightening, riots, aircraft, vehicles, smoke, windstorms, vandalism, theft, falling objects, water harm, electrical harm and a number of other potential threats.
Selecting the right amount of renters insurance
At Alaska Pacific Insurance Agency, we can make sure that your valuables are insured. Once you decide the amount of coverage you need, we can tailor a package to fit your renters insurance needs in and throughout Alaska, Georgia, Nebraska, and/or Nevada.
Coverages for renters insurance may include:
- Personal Property coverage in case of fire, theft or damage.
- Liability coverage for risk of accident at your rental
- Other coverage options also available
As with many kinds of insurance, your premium can rely on your deductible as well as any extra coverage that you decide to select. To recognize the value of your things, you might elect to keep receipts. You should additionally keep an inventory of all the things you own, and use caution to not underestimate their price. You should possibly consider photographing or videotaping every space and storing the images in a fireproof box. Today, many folks file things digitally or at a safety lockbox at the bank.
Buying renters insurance offers you peace of mind and also the assurance that if something is lost, you may be able to replace it. Contact us today and learn additional information regarding renters insurance. APIA Insurance is partnered with several of the most notable renters insurance corporations within the industry. This means that we can compare rates and policies with many different carriers and find the policy and value that works best for you.
For a more detailed explanation of the benefits and coverage limits of renters insurance, check out our blog, "The Truth about Renters Insurance".