Apartment life seems much more carefree than that of a homeowner's. Write a monthly check and the landlord maintains the grounds and fixes any plumbing problems. Renters don't have to worry about taxes or mortgages. The State of Virginia doesn't require landlords to insure you against loss. But, a landlord may require you to take out a renter's insurance policy. Such policies make good sense. If you are the victim of a burglary, fire or natural disaster such as flooding, you could be left with a hefty loss and major replacement bill for your personal belongings. At the Commonwealth Insurance Center, our professionals are committed to helping members of the Williamsburg, VA, community select a policy that meets your needs.
Most renter's insurance policies cover the loss of personal property due to things such as theft, fire and vandalism. The level of compensation for a claim will be determined by the level of coverage of your policy. For items like electronics, you can estimate the value of what you own and choose a plan that would replace everything in the event of a total loss. There are options in renter's insurance policies to even protect against power surges that can ruin devices. It's advisable to keep a record of high-end items. It's common practice that an insurance company would need proof of purchase.
One of the key items that you should consider when taking out renters insurance is temporary living expenses. In the event of a fire, flood or hurricane, your apartment complex may become uninhabitable for days, weeks or months. Being forced to relocate can become quite expensive. Consider what a hotel room would cost for just a few weeks. Add the cost of not having a full kitchen and having to eat out. The expenses add up quickly. Selecting or upgrading your policy to cover temporary living expenses may be in your best interest.
Renter's insurance is like homeowners when it comes to natural disasters. Things like flooding are generally not standard on policies. Adding specific protections like these tends to be inexpensive and provides great peace of mind.
At Commonwealth Insurance Center, we are committed to helping the people of Williamsburg, VA create and upgrade renter's insurance policies that provide a sense of security. If you are interested in renter's insurance or want to update an existing policy, call us today. Our professional staff members are happy to serve the people of Virginia.
