Renters Insurance in Archbold, Bryan, Maumee, Toledo, Wauseon, Whitehouse, OH, and the Surrounding Areas
Most people know that having homeowners insurance is something that needs to be in place to help protect the home and the people and things inside of that home. What many people don’t realize is that it is just as important if you are a renter to have renters insurance. Unfortunately, many renters make the assumption that the landlord in Archbold, Bryan, Maumee, Toledo, Wauseon, Whitehouse or the surrounding areas will have insurance which means they don’t have to. And while it is true that landlords will have insurance on the building, that insurance protection does not extend to a renter’s personal property inside the building. This is where renters insurance comes in, to protect the belongings of the renter should something bad happen. To be sure that you have the right coverage in place, call the team at Beck Insurance Agency. They will work with you to find you the best coverage for your needs.
Renters Vs. Homeowners Insurance
There are aspects of homeowners insurance that are similar to renters insurance. Renters insurance policies cover your personal belongings from a variety of events, just like homeowners insurance does. Some of these events include theft, fire, smoke, vandalism, hail, lightning, and a number of other events. Additionally, renters insurance can cover some of your living expenses if your primary residence is damaged from these events and you need alternate housing temporarily. Hotel bills, restaurant meals, and other costs that are beyond what you would normally pay are likely covered in your insurance policy.
Additional Options for Renters Insurance
One option that holders of renters insurance might want to consider is replacement cost coverage. Rather than providing the “actual cash value” of your current items, you may want to opt for the “actual replacement value” for your belongings. For example, having a 6-year-old recliner with “actual cash value” means you would need to come up with the difference between what the insurance will provide in coverage and what a new recliner costs. “Actual replacement value” would cover the full cost for a new recliner. You may also have some items in your possession that would exceed the cap in a normal renters insurance policy. These items should be added to a scheduled personal property endorsement so that they are fully covered should something happen to them.
No matter where you live, from Archbold, Bryan, Maumee, Toledo, Wauseon, Whitehouse, or the surrounding areas, you can count on Beck Insurance Agency to help you find the coverage that you need, including renters insurance. Contact us today for a renter’s insurance quote!