Your personal items kept in your Decatur, AL, rented home or apartment deserve the same level of protection as a homeowner’s. That’s what you get with renters policies from Will Wright Agency Inc. Our renters insurance policies provide the liability and personal property coverage you need to protect your financial security. We encourage our policyholders to meet with their insurance agents to customize their coverage.
Scheduling Items
A policyholder can customize their coverage by scheduling coverage for specific items, such as jewelry, designer clothing, musical instruments, and electronics. For example, a football player or coach whose team won a championship could schedule each championship ring in their policy. This would protect each ring at its stated value.
Scheduling an item like a computer covers it for the amount it costs or the amount it would cost to replace, depending on the type of valuation chosen. Most people avoid choosing market value because an item that initially costs a lot could temporarily drop in value, resulting in a lower payout than if they had picked actual or stated value.
Adding Riders or Endorsements
Some insurance companies refer to endorsements as add-ons. Each of these three terms means the same thing—a rider that adds coverage to the policy to cover specific situations, such as a home business or hobby equipment. When adding these, make a list of the equipment it applies to and its value. Other popular riders include the pet damage rider and identity theft coverage rider.
Other Coverage
Renters’ insurance can include other types of coverage besides liability and personal property. Consider adding:
- Additional living expenses
- Loss of use
- Medical payments coverage
Ask your insurance agent if your policy covers debris removal or spoiled food. If not, have them add that coverage using a rider.
Schedule Your Renters Insurance Review Today
Call or email Will Wright Agency Inc. today to schedule your renters’ insurance review. Let us help you protect your Decatur, AL, home, and your belongings.
