Most renters in and around Pomona, CA, understand the importance of a renters insurance policy. These policies can help cover the cost of your personal belongings, which the landlord’s policy typically does not. However, it’s essential to understand how your coverage works.
Common Items Covered
Most policies will cover all of your personal belongings. Coverage commonly extends into the yard, and may include patio furniture, children’s toys, or other personal belongings. Some will also cover personal belongings in your vehicle.
Coverage Limits
Policies always have coverage limits. Most policyholders can select their coverage level when they purchase the policy. Your insurance will only cover items up to the coverage limit. So, suppose there’s a covered peril that destroys everything, and you’ve already filed a claim up to your coverage limit. In that case, you won’t be able to replace anything else, like your patio furniture.
Covered Perils
Every type of policy has a list of covered perils. Most policies will cover things like vandalism, natural disasters, and structural problems, such as a pipe bursting. However, it’s important to speak with an agent at THINK Insurance & Financial Services to learn more about the covered perils in your policy.
Exclusions
Every policy will also have exclusions. Some policies specifically exclude theft, while others include it. Many exclude damage from pets or people who live in the house. The policy may require that you file a police report against a roommate before they will approve a claim for damaged items because of a roommate.
It’s essential to take the time to learn about your policy and ensure you have ample coverage. Agents here at THINK Insurance & Financial Services can explain your policy details to you. Contact us to learn more. We’re currently serving the Pomona, CA, area.
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