Renters Insurance Quotes Salisbury MD and surrounding areas You’ve worked hard. You should be proud of what you earned especially the possessions that make your house a home. With Allstate renters’ insurance, we can help protect those hard earned possessions. And that’s’ important, because, for most people, those personal items can add up. You can get the coverage and quality you deserve Do you know how much your possessions are worth? We will help you take the guesswork out of buying renters’ insurance. Once you know the basics, it’s easier to understand your coverage needs and for you to make a selection. And remember, we are here and can always help you get the answers you need. Three important things to understand are:
- What does your policy cover?
- What doesn’t your policy cover?
- What are some options you can choose from to make your policy better fit your need?
What your policy covers. While coverage may vary by state and individual qualifications, here’s what a typical Allstate renters policy covers: Your property: For covered losses, this protects your personal property if it’s destroyed or damaged by the following: Fire, lightning, falling objects, smoke, explosion, wind and hail, water damage from plumbing, steam or water heating systems, and vandalism/ riots. Theft: Your personal property is also protected against loss from theft, including: theft on premises (in your home), theft off premises (away from your home), stolen or forged checks, and stolen credit cards/ counterfeit money. Family liability and guest medical expenses: This protects you for covered losses if you’re held legally responsible for damage to someone else’s property, or if a guest is accidently injured in your home. Your living expenses: If your apartments is damaged and you are unable to live in it, we will help pay additional living expenses incurred due to a covered loss, until your place is habitable, up to the amount of time specified in your policy. What your policy doesn’t cover We want to help make sure you have no surprises. So, here’s an example of something that’s not covered on your policy. But be sure to talk to us, because for an extra premium, you may be able to purchase additional coverage if needed. Damage from flood: Most insurance policies do not cover damage from floods; however, we do offer a separate insurance policy specifically for flood damage. If you’re located in an area that’s part of the National Flood Insurance Program, let’s make sure we have a discussion on flood insurance. Tailor your policy to fit your needs. While you typically can’t pick and choose all of the coverage in your policy, there are some options you might want to choose to make your policy better fit your needs. Personal Property Reimbursement: For an additional premium, you may be able to purchase Personal Property Reimbursement. This means that for a covered loss, if your personal property is destroyed or lost, we will reimburse you the depreciation that may have been applied to your personal property loss when you decide to repair or replace the damaged or lost personal property. (Subject to policy terms and conditions.) Cover your special items: If you have special things you’d like more coverage for, you might want to consider a “rider”, which for an extra premium, is an addition to your policy that will help cover specified pieces of personal property. Talk to us about this coverage option. How much is it all worth? Take some time to estimate how much your clothes, furniture, and electronic equipment are worth. You’ll want to be covered for at least that amount… or the amount you think it will take to replace all of those items. How much am I willing to pay before my insurance kicks in? Your renter’s policy comes with a deductible which is the amount you pay before insurance takes over. For instance, if there’s a fire in your apartment and $1,000 worth of valuables are destroyed and you have a $250 deductible, you will pay $250, and the insurance company will pay the rest, up to policy limits, if those items are covered in your policy. Keep in mind that a lower deductible generally means a higher monthly premium. Do I have any special items that will need a “rider”? These include things such as valuable jewelry, silverware, and stamp or coin collections. Do I have anything that will qualify me for a discount? This may include a protective device- such as a burglar alarm, smoke alarm, fire extinguishers, or deadbolt locks. Ask your agent for information on discounts available in your state.