Is Your Personal Property Protected As A Renter?

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Is Your Personal Property Protected As A Renter?
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• While the property youre currently residing in
  might not belong to you, as a renter you still
  face exactly the same risks as someone who owns
  their own home, and while your landlord may have
  insurance, it protects only the building and does
  absolutely nothing to protect your personal
  belongings. Fires, theft, flooding, accidents and
  natural disasters can all happen to you in your
  rented home, and without adequate renters
  insurance, your belongings are at risk.
• What you should do before you purchase renters
  insurance
• Before talking with an insurance specialist to
  get your belongings protected in the event of
  damage, theft or destruction, you should make a
  detailed inventory of each and every item that
  you want the policy to cover.

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• Wherever possible, list each item along with its
  value and serial number, if you have receipts for
  larger or more valuable items, its a good idea
  to hang onto them.
• What is standard renters insurance?
• A standard renters insurance policy will cover
  you against named perils and offer you liability
  protection. Some more common examples of named
  perils found in renters insurance coverage are
  fire, lightning, wind, smoke, vandalism, theft
  and falling objects. Liability protection covers
  injury to another person that occurred on your
  rented property, and in some cases, might even
  cover your legal defense costs.

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• Its important to note that such natural
  disasters as floods and earthquakes are not
  usually on the list of covered items, and if you
  think your personal belongings are likely to be
  affected by such an event, then youd be advised
  to buy a separate policy.
• Renters insurance and additional living expenses
• In the unfortunate event of your rented property
  becoming uninhabitable due to a covered
  catastrophe, your renters insurance policy should
  cover the extra expenses that you may incur while
  being forced to live elsewhere.

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• Renters insurance and actual cash value (ACV)
• ACV or actual cash value coverage pays out only
  for what your personal property was valued at
  when it was damaged or stolen.
• Renters insurance replacement cost coverage
• Paying out what it costs to replace the items
  that you lost (due to damage or theft), minus the
  deductible, replacement cost coverage will cost
  you more in premiums, but will also pay out more
  if you ever need to file a claim.

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• If you havent yet protected your personal
  property with a renters insurance policy, it
  might be a good time to talk to a professional
  insurance agent about the right kind of coverage
  for your circumstances, before its too late.
• We Insure Miami was founded on the principle that
  every individual and business, big and small, has
  assets and valuables that need to be protected
  and insured against forces outside of our
  control. We offer Homeowners, Auto, business and
  renters insurance in Miami FL. Our agents
  understand that you work hard every day to
  protect your car, home, business and family. WE
  are passionate about Insurance and passionate
  about serving you. If you are looking for car,
  homeowners or renters insurance in miami, contact
  us for a quote or a complimentary review of your
  insurance policies.