Renters Insurance Tips

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Categories:Finance Insurance

As a renter, if you are ignoring something that you need for far too long now, then that's known as renter's . Renter's is one of the most important things that you need. In the face of a tragic event like a fire or theft, renter's will help you replace the stuff. In the event like theft or fire, replacing your stuff is going to cost you money, more money than you may realize. Most renters don't get renter's insurance because they don't think they need it. They assume that their landlord's insurance will cover their personal belongings. Some renters avoid it because insurance can be complicated and tedious and since they are renting, they figure that's a good enough excuse to avoid it. Renter's insurance is needed to protect the things you have worked very hard for, and therefore you should protect those things in case of an event that could destroy them, or result in them ending up in someone else's hands during home robbery.

Here are few tips to keep in mind while buying Renter's Insurance:

1) One Amount to Save it All: With renter's insurance, just like your car insurance, you can pay in one lump sum for the entire year and get a huge discount. Many insurance companies will offer you the monthly premium method, and charge extra for installment plans. In order to avoid such situation, one lump sum money will help you save a lot of money over the year, which is not bad at all.
2) Understanding the Claim process:While going through the process, it is very important to understand how to file a claim before you need to file it. Most people end up learning as they go when filing an insurance claim because they rarely have to file one. So it is crucial to know the numbers to call, who you will need to speak to immediately and what exact information you need and keep everything ready all in one spot, readily available for you to use when filing your insurance claim.
3) Create an Inventory: In order to prepare the most accurate estimate for the value of your stuff, do a thorough inventory of everything in your apartment and prepare a list of the estimated cost for replacing each item. Add it all up and make sure your renter's insurance covers that amount. It may sound a little time consuming but it also helps to go through your receipts or email confirmations of online purchases.
4) Take Photos: Make sure to get snapshots of your biggest, most valuable pieces: furniture, electronics and so on. Also, make sure to pull out anything especially valuable that you might want to get a close-up of.
5) Keep your inventory list safe and ready to find when needed: Always make a copy of your inventory and your insurance policy and store it somewhere safe so that you can go right to it and refer to it if you ever need it.
6) Always keep your policy updated: When you renew your insurance policy each year, be sure to make a note of any new items you've acquired and add them to your records.

Whether you need Small Business Insurance California, Renters Insurance San Diego, California there are many insurance professionals that can provide you with the right coverage at a price that fits your budget.

Ron Morgan is the market representative for EIS Insurance. EIS Financial and Insurance Services is full service agency providing home insurance, renters insurance, business and commercial insurance from Northridge and San Diego offices.


Joe Reynolds