Renters Insurance Checklist for Your Policy

Your renters insurance in Baton Rouge, LA will have three key types of protection. This includes coverage for personal possessions, liability protection, and additional living expenses.

Coverage for Belongings

  • How much should you buy? Be sure to have enough to replace all your belongings in the event of a covered disaster. Use a home inventory to help.
  • Is actual cash value or replacement cost better? It’s worth the extra price to get replacement cost coverage since it doesn’t take into account depreciation.
  • Which disasters are covered? Be sure to check with your agent at Insurance & Financial Services Inc. to know which disasters are covered and not.
  • What is the deductible and how does it work? Your deductible is what you are responsible for paying before you get insurance coverage. The larger the deductible, the lower your premium will be.
  • Do you need a floater? This will provide more coverage for expensive valuables. This can be for collectibles, furs, jewelry, or artwork.
  • Are you covered while away from home? Most policies have this coverage. For example, if your laptop gets stolen while on vacation, you are covered.

Liability Protection

The key here is to determine if you have enough liability coverage. If you need larger amounts of coverage, you may want to purchase a personal liability policy. You want enough liability coverage to protect your assets in the event of a lawsuit.

Additional Living Expenses

Additional living expenses can provide coverage if your home is destroyed and you will need to live somewhere else. This coverage will cover a portion of your hotel bills, restaurant meals, or other expenses you incur from having to live somewhere else.

Contact Insurance & Financial Services Inc. serving Baton Rouge, LA, to get a quote on renters insurance.