It’s crucial to have a trusted advisor who knows the intricate details of renters insurance
When you purchase you renters insurance from Choice Insurance Agency, your agent will take the time to calculate exactly how much coverage you need.
Understand exactly what you need to cover
Renters insurance is equally important as homeowners insurance. Landlords may require you have a policy.
It’s an inexpensive investment to give you peace of mind.
We can help you understand exactly what you need to cover, but there are three key components in the event something happens to your unit.
Personal Liability and Medical Payments to others – covers in the event someone is injured in your home for which you’re liable
Loss-of-Use – covers living expenses in case your unit is damaged and becomes temporarily uninhabitable
Personal Property – covers your belongings
How much renters insurance do you need?
Take a rough inventory of your belongings to determine how much renters insurance you require. How much money would it take to replace everything you own? At the very least, you should have enough property coverage to replace your personal belongings. Consider your assets and speak with one of our trusted advisors to determine how much liability coverage you need.
Consider how much money you’d need to relocate if your current home became uninhabitable tomorrow. How much does a hotel room in your area cost? How long would you stay in a hotel before moving on? Up to your coverage limit, your loss of use insurance will pay the difference between your additional living expenses and your normal day-to-day expenses.
You Want the Right Coverage for Your Specific Needs