Top Tips for Purchasing Renter’s Insurance

Are you a renter who is considered renter’s insurance coverage, but not sure where to start? Thankfully, our Wichalonis Insurance Agency team has put together a quick list of tips to keep in mind when purchasing renter’s insurance in Cumming, GA.

Tip #1: Select the Right Level of Coverage

The most important aspect of purchasing renter’s insurance is selecting the right level of coverage for your needs. This type of policy pays to replace your personal items if you’re involved in a loss, so it is important to choose an amount that would adequately cover everything you own. Not sure where to start? Sit down and make a list of your personal items—from your toothbrush to your television—to help come up with an appropriate estimate.

Tip #2: Choose a Deductible You Can Afford

In addition to selecting the right level of coverage for your needs, it is also important to choose a deductible you can afford. A deductible is an amount you agree to pay toward the replacement of items during a loss, so it is vital you select an amount that would be easy to obtain. Most people go for $500 or $1000, but you do have the option of going higher.

Tip #3: Know What’s Covered

What else do you need to know about renter’s insurance? What your policy covers, of course. Usually, this includes incidents such as theft, vandalism, fire, wind, and hail damage. However, earthquake and flood damage is usually excluded in most policies.

Renter’s insurance is a great way to make sure you’re protected in the event of a loss, even if you don’t own the physical building you live in. Speak with your local agent to learn more about this important type of policy.

Ready to purchase renter’s insurance for your apartment or home? Please contact our team at the Wichalonis Insurance Agency. We proudly serve the Cumming, GA area.