When it comes to moving into an apartment or rented condo, you may be spending a lot of time planning your move and thinking about where your furniture should go – and maybe getting a shiny new TV to go with that shiny new apartment! As you settle into your new place, it’s also important to make sure your belongings are protected. One excellent way of doing this is by purchasing renters insurance. This highly affordable type of insurance can give you some peace of mind if trouble strikes. But what about those fantastic new electronics you are buying for your new home? Are they protected?
What's Included in Renters Insurance?
Every renters insurance policy is somewhat different. For this reason, you need to read through your policy to look for specific inclusions and exclusions. In most cases, the policy will include the contents of your home. These are the items and belongings within your property and space. It does not include anything that belongs to the owner of the building, but rather your specific items.
In most cases, computer equipment and electronics in general will be a component to contents coverage. If an event occurs that is covered by your policy specifically, then replacement or repair of those items is often covered under your renters insurance plan. However, there are a few things to know:
- The cause of the loss needs to be a covered event. This may be things like fire, theft or vandalism. Be sure to find out what types of events are covered.
- It cannot be an item that is excluded specifically from your policy. This information is listed within your policy. You should know in advance what is excluded.
- It only covers these items up to the amount of your coverage limit. If your limit is lower than the value of these items, consider the investment in additional coverage for these high-priced valuables.
It's important to know what your renters insurance policy covers. If you are unsure or you want to make sure the value is high enough to cover any high-value electronics you have in place, contact your agent or get a quote for an additional or new policy. Making sure it works for you is essential to making renters insurance a worthwhile investment.
Is it time to review your coverage? Call Concise Insurance Services at (408) 567-1111 for more information on Santa Clara renters insurance.