Are you considering getting renter insurance in Snohomish? If your renting a home, apartment, or condo, renters insurance is something you should consider.
Below you’ll find some of the common questions we receive regarding renters insurance.
Should I Buy Renter Insurance?
The short answer is if you have things of value in your place of residence, then the answer is yes. Renters insurance protects all the items in your house from situations such as flooding, fires, and even robberies or home invasions. One thing that many do not think about when they think about renters insurance is personal injury inside the home. The homeowner’s insurance that your landlord has doesn’t generally cover accidents inside your home. Having rental insurance prevents you from being personally responsible for costly bills, from hospital bills to legal fees.
What Does Renter Insurance Cover?
Renters insurance covers the loss items such as furniture, jewelry, electronics, and other personal items that have value to you. It’s a good practice to take inventory of the various items in your home and what their value is. You’ll want to provide this to your insurance agent, and it will help to determine how much insurance you will need to cover the replacement of those items, should disaster strike.
How Much Renter Insurance Do I Need?
The amount of renters insurance that you need will depend on the value of the items in your home. Covering the contents of a small apartment may be considerably less to cover then the costs of leasing a sprawling 6k square foot home in the Hollywood hills. Ultimately, the insurance company is responsible for making sure that you can replace your items of value, so the amount of those items does affect your policy premiums.
How Much Does Renter Insurance Cost?
As stated above, the cost of renters insurance relies a-lot on the value of items in your home. The best way to understand what the cost of your specific renter’s insurance policy will be is to speak to an insurance agent and get a quote. Renters insurance quotes are relatively easy and straightforward; additionally, most clients express the cost being minimal with relation to say the value of the rent or lease.
Does Renter Insurance Cover Lost Keys And Door Lock Change?
Whether or not lost keys and lock changes are covered in your renter’s insurance varies based on policies as well as the reasons why they need to be replaced/changed. For example, if you lost your keys, in most cases, you will be responsible for covering the cost of the replacements. However, if you were robbed, and as a result, your keys were stolen in that robbery, the cost to replace the keys and locks may be covered in your policy, this is something you will want to discuss with an insurance agent.