What do I need to know about renters insurance in Florida?

Many first time renters have a few questions to ask when it comes to purchasing a policy. It’s best to understand all the ins and outs of your policy. Below are a few frequently asked questions about renters insurance in Florida.

I don’t own that much stuff, should I really purchase a renters policy?

If you don’t own many possessions and think they aren’t worth much then you should reconsider. Stop and think about the costs of repairing all of your electronic devices, clothes, and furniture. Its adding up fast isn’t it? According to https://floridainsurancequotes.net/renters-insurance-quote/, if your rental is home experiences a small fire or a burglary could end up costing you thousands of dollars.

Florida renters insurance can help protect you and your stuff against the unexpected. However, there are some exceptions when it comes to what is and isn’t covered.

Is my computer covered by my policy?

Your computer is one of your most valuable possessions, so if you have renters insurance then you will need to make sure that your protection extends to your computer. However when determining if your computer is covered or not take these factors into account.

Your policy limits – This is the maximum amount of money your insurance company will pay after a covered loss occurs. If your computer is worth more money than the limit on your policy, you will need to consider purchasing additional coverage.

Does your policy offer you with replacement cost coverage or actual cash value? – When it comes to replacement cost value, it may help you out to purchase a new computer. Actual cash value will reimburse you for the amount of money you might reasonably expect if you were to sell the computer at its age and condition.

What else is covered?

Liability coverage can also help protect you if someone is injured in your home and you are found responsible. Liability coverage comes with your renters insurance in FL. Be sure to check your coverage closely in order to learn what protections it offers.

A local agent via https://floridainsurancequotes.net/renters-insurance-quote/ can also help you answer your questions about coverage and their limits.

In addition, a policy will also cover personal property protection, liability protection, additional living expenses, and guest medical protection. While a policy is not required, it is strongly recommended that you look into purchasing a policy.