Sometimes, when a policyholder files a claim with the Precision Insurance Team, they discover that their purchased policy doesn’t cover the incident. We don’t like it when that happens because we care about each of our Mesa, AZ, clients. Today, we’ll explain how to ensure a policy covers everything a policy owner owns.
What Renters Insurance Does
A renters’ policy covers items belonging to the policy owner. Each policy typically includes a dollar amount of coverage for all belongings. In some policies, this could be as little as $1,000 of coverage. When your insurance agent suggests a policy, ask for its personal property maximum because $1,000 might seem like a lot until a peril damages everything in your rented home. Would $1,000 cover your clothing, furniture, computer, smartphone, stereo, and television? Probably not.
Increase the Personal Property Coverage
Please make a list of your big-ticket items and their cost. Include your clothing, especially your professional wardrobe, in this list. Add up their value. That figure equals the minimum coverage you need. Share the list with your insurance agent and ask them for suggestions to strengthen the policy.
Add Endorsements to the Policy
Some items only receive full coverage if you add an endorsement for them. Also called an add-on, this process provides coverage for a specific named item at its full value. Many people add an endorsement for their engagement ring. Other commonly endorsed items include musical instruments, photography equipment, and home gym equipment like a Bowflex.
Include Off-site Items
Do you rent a storage unit? The policies bundled with many storage units cover very little and only under stringent conditions. You can add your storage unit items to the renters’ policy that covers your apartment. Tell your agent about the unit and its contents, and ask to include it. This way, one renter policy covers all items.
Contact Precision Insurance Team Today
Don’t let your precious personal belongings go uninsured. Contact Precision Insurance Team today to insure everything you own in your rented home in Mesa, AZ.
