You may think renting an apartment, condo, room, or other sorts of residences does not require insurance coverage. Fires, property damages, and theft can still happen in rented properties, however, and it is very unlikely that your landlord will cover the replacement of your belongings in the case that they transpire.
At Joe Cook & Associates, we understand how much time and money is invested in your property and belongings, so it is important that you take care of it. Having Renters Insurance can pay for the cost of replacing your belongings if they are affected due to covered incidents, or if they’re stolen.
Depending on your policy, your insurance will cover the replacement of belongings using either method: Actual Cash Value (ACV) or Replacement Cost. With the Actual Cash Value method, your belongings are covered only for the amount that they are currently worth. The Replacement Cost method will pay for the replacement of affected items with brand new ones.
Your Renters Insurance also includes Liability Coverage that will save you from injury claims that might happen in your home. This means that if someone is injured on your property, your insurance may cover medical payments and expenses related to the incident, and will even provide legal support costs if you are sued.
If your home is made inhabitable by events such as fires or other disasters, your insurance may temporarily reimburse you for another residence where you can live.
We are committed to working with you to customize a policy that assures you get the options you need at a price you can feel good about.