Renter’s Insurance and Your Personal Property
As a renter, you don’t hold ownership over the property you reside in and, thus, are not responsible for it. However, it’s essential to have a policy that protects your personal property. When crafting, such protection should be given in your renter’s insurance policy.
Valuable Items
Your policy should cover any items that might appeal to thieves, such as jewelry or electronics. It’s crucial to include a detailed description along with the item’s value. Doing this ensures that if such items get damaged or stolen, you can file a claim to replace them. Even items with relatively lesser monetary value need to be included, as these often hold sentimental value and help us cherish memories.
Other valuable items that you may own, such as holiday decorations, event-related items, and tools, must also make your list. These items are easy targets for thieves and hold considerable resale value. Moreover, you’ve invested your hard-earned money into procuring these items, and having them covered means you can get them replaced if damaged.
Collections
If you possess a large collection, including it in your policy along with its current market value is important. This could be toy collections, coins, specialized items, or cards that have resale potential. Protecting these collections under your policy allows you to receive compensation and replace them if they are stolen or damaged.
Furniture and Appliances
While you may not own the property, you likely brought all your furniture when renting the apartment or home, as well as some appliances. Any item you purchased and brought should be added to your policy. This includes tables, couches, bed frames, dressers, and other furniture. If you’ve purchased a washer and dryer, ensure these are added to your coverage as well.
If you’re renting a property near or around Mechanicsburg, PA, contact the agents at Grove Financial & Associates Inc. today for more information about renters insurance.
