Renter’s insurance is an easy, inexpensive way to protect your property. If you’re enjoying your Tamarron Apartment and all the stuff inside, it is time to think about protecting your belongings.
When buying , but it is still important to choose the right policy.
1. Dollar amount of coverage: This is a leading factor in the price and coverage. A dollar amount is not placed on each piece of property. Instead a fixed amount for all of your possessions will be determined. Of course, the more coverage you purchase, the higher the price of the policy.
2. Deductible: This is another crucial factor to consider in the cost and how much you are willing to pay out of pocket before your insurance kicks in.
3. ACV (Actual Cash Value) or replacement cost: When the insurance company comes to reimburse you for your losses, what they give you is determined by these factors. A basic policy will pay you ACV, which is the value of the property at the time of loss. If you opt for replacement cost you will get an actual new replacement.
Even if you feel your personal property is not worth insuring, the value of having liability coverage is worth renter’s insurance.
The staff at Tamarron can help you find a reputable agent in Smyrna, GA. To read more about your community, subscribe to our blog.
Photo by Janet Ramsden on Flickr.