Your renters insurance protects you from various perils, including theft and burglary. However, to be covered, you need to have a detailed list of your possessions in case you have to file a claim. Always keep your list updated and share it with your insurance agent. An updated list will make filing a claim for theft quick and easy. Don’t forget to include items you travel with or things that are stored outside of your apartment.
What Is Renters Insurance?
Renters insurance is a policy that will cover the cost of your possessions and various types of liability you may experience. A basic renters insurance policy will cover many of the possessions you use daily. This also includes items that you carry with you when away from home during the day or while on vacation. You may need to purchase additional coverage for more expensive items like fine jewelry or antiques. When it comes to liability coverage, your policy will pay for a person’s medical expenses if they are injured while visiting you. Once you have prepared a list of your property, talk to your insurance agent to find out if any additional coverage is needed.
Does Renters Insurance Cover My Bicycle If It Is Stolen?
Items that you keep outside your apartment or rental property will also be covered. Most people don’t bring their gas grills or bicycles inside once they are finished using them for the day. Your renters insurance will cover any of your items that are located outside of your home. It would be best if you kept them secured in some way. Using a cable lock will keep your bike or your gas grill safe and secure and deter thieves from trying to steal them. Even though items in your yard or on your patio are not inside your home, they are still on the property that you occupy. So, make sure to include them in your list of personal possessions that you provide to your insurer.
Does Renters Insurance Cover Things That Are Stolen from Outside My Home?
In most cases, the answer is yes. If you travel or work outside the home, there will be times when you carry valuable electronics or other items that hold value. This includes laptops, tablets, cell phones, or cameras. If these things are ever lost or stolen, you can file a claim against your renters insurance and receive compensation. All of these items should be listed as part of your home inventory.
If you are a renter, you must protect your personal belongings and limit your liability risk with adequate renters insurance coverage. To learn more about protecting your rented home, contact our agents at Weeks & Associates Insurance Services. Our agents have the experience and training to help you get the renters insurance coverage you need for peace of mind and security.