Your Renters Insurance Questions Answered

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Your Renters Insurance Questions Answered
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• You may have many questions surrounding your
  renters insurance coverage, and if you find that
  any of them are not addressed below, please reach
  out to your provider, or an experienced insurance
  professional
• Q Can/should you share a policy with your
  roommate?
• A This isnt recommended, as any claims your
  roommate makes will ultimately appear on your
  insurance record, and if their belongings are
  worth more than yours, splitting it with them
  50/50 simply wont be fair. As most renters
  policies are reasonably priced, theres little
  advantage to sharing a policy with your roommate.

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• Q Do college students require renters
  insurance?
• A Typical homeowners coverage extends to college
  students living in a dorm or in campus housing,
  and will cover your personal belongings. While
  percentages of coverage vary from policy to
  policy, most insurance providers cover students
  property up to 10 of the amount on the parents
  policy for personal property. If youre a
  student, be sure to check with your parents
  insurance provider before assuming your
  belongings are protected.

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• Q What does renters insurance not cover?
• A There are several things that renters
  insurance doesnt cover, such as structural
  damage to your rental unit, expensive items such
  as jewelry and business equipment, flood damage
  and medical bills. For a comprehensive list of
  what is and isnt covered by a renters insurance
  policy, check with a trusted provider.

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• Q Is my laptop covered by renters insurance?
• A Even if your personal property such as a
  laptop is being transported in a moving vehicle,
  or sitting inside a parked car, your renters
  insurance will cover it.
• However, its important to note that there is a
  limit for losses made outside of the home, and
  this typically comes in at 10 of the total
  personal property limit.
• Q What if my rented property or belongings are
  damaged by fire?
• A Your renters insurance policy will reimburse
  you for any damage to your possessions caused by
  fire and/or smoke, while the landlords policy
  will cover damages caused to the rental property
  itself.

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• Q Are earthquakes covered?
• A Earthquake coverage must usually be added as a
  rider to your renters insurance policy, or
  alternatively, you can purchase a separate policy
  for earthquake damage.
• Q How much personal property coverage do I need?
• A Experts within the insurance industry
  recommend that you create a detailed home
  inventory of all your belongings (or your most
  valuable possessions) along with how much it
  would cost to replace them, and use this to help
  you determine how much personal property coverage
  you require.

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• For anyone living in long-term rented
  accommodation, taking out a renters insurance
  policy is strongly recommended - whether you live
  in an apartment or single-family home - and for
  more detailed advice and guidance about choosing
  the right coverage for you, seek help from a
  qualified and reputable insurance professional.

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• 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 auto or
  business or renters insurance quote in miami FL,
  contact us for a quote or a complimentary review
  of your insurance policies.