Renters insurance may seem unnecessary. But it’s much more important than you realize.
Although your landlord should be insured, this policy won’t protect your personal items if they are stolen or damaged. In the event of property damage or injury where you are found liable, your landlord’s insurance won’t cover this either.
Renters insurance provides valuable protection. However, to get the proper coverage, you need the right policy. The first step is to create a home inventory. This process will keep track of your belongings and determine your insurance needs based on how much these possessions are worth.
Located in Nashville, NC, Hedgepeth-Hutson Insurance Services Inc. lists six tips for conducting a home inventory.
Organize each area
Break your home into sections. Start with one room and move to the next to avoid getting overwhelmed.
Record basic info
List descriptions and what you paid for each item. Include sales receipts if you have them. Scanning or taking pictures of these receipts is a good idea.
Check serial numbers
Record serial numbers for electronics or appliances. If you need to make a claim, these will come in handy.
Group similar items
No need to list every item by itself. Lump low-cost items, like clothes or dishware, together. Assign a price for the entire group.
List valuables separately
Any expensive items must be included individually. This applies to any appraisal or documentation too. Some high-end belongings may not be covered, so check with an agent.
As you buy more stuff, make adding to your home inventory part of your routine.
Consult with an agent in Nashville, NC
Hedgepeth-Hutson Insurance Services Inc. understands that finding the proper coverage is important. Their experienced agents can help you find a renters insurance policy that best fits your needs.
You are probably wondering how to ensure your personal belongings when living in a rented house. Well, renters insurance covers you and belongings from unexpected events such as fire, theft, sewer blockage, or injuries within a rented house. You are covered if anyone is injured while within your property. Where your home is rendered entirely uninhabitable, alternative living arrangements will be catered for by the renter’s insurance policy. If you live in Nashville, NC, speak to one of Hedgepeth-Hutson Insurance Services, Inc. agents on getting a renters insurance policy.
How renters insurance works
In an instance where you suffer the loss of personal belongings through theft or burglary, the renter’s insurance policy will reimburse the cost of items lost based on the coverage you have put in place and the type of loss. It is essential to inform our Hedgepeth-Hutson Insurance Services, Inc. agents whether you would like the actual depreciated value of an item or the cost of a new item so that this is captured in your policy.
Precious items such as jewelry may have a value limit or may require additional coverage should their value be above the set limit. Where a visitor is injured while within your premises or condo, file a claim with Hedgepeth-Hutson Insurance Services, Inc.to have your medical costs covered.
Do you really need a renters insurance cover?
While it may not be required by law to have renters insurance, your landlord may require you to have a renters insurance policy in your rental leasing agreement. A rental insurance policy protects you and your landlord from the financial obligation you are likely to incur in case of property damage or injuries. Renters insurance will cover the cost of repairs.
Where your landlord in Nashville, NC requires you to have a renters insurance cover, speak to our Hedgepeth-Hutson Insurance Services, Inc. to get a policy or visit our website for more information.