Some people who are renting living space don’t feel like they need renter’s insurance at all, and even those who do take out coverage don’t always know the most effective ways to benefit from these types of insurance policies. Renter’s insurance is based on a somewhat straightforward idea: the policy covers all of your personal possessions in your home or space from various hazards. Here are some better ways to use renter’s insurance that will increase your chances of making a successful claim or otherwise help you save money and protect your assets.
Know What You Own
Since the whole idea of a renter’s policy is to cover personal belongings, the first major step to using a policy like this is to have a good idea of all of the valuables you keep in your home. You should make a detailed list of these items, from big to small, and try to attach some concrete values to these objects. Another good idea is to tally up all of the values and see if they match up against the amount of coverage that was taken out for the policy.
Take Pictures of Items
When you have a thorough list of what you keep in your home and what’s supposed to be covered, there’s still the idea of letting the insurance company know what’s in your home. It’s a good idea to take pictures or otherwise document items, so that when it comes time to make a claim, you can prove that the lost or damaged objects were in your home to begin with. Keeping receipts is another good strategy that provides this kind of proof to help with renter’s insurance claim resolution.
Protect Against Various Hazards
If you are taking out a renter’s policy, you should also know what specific hazards are covered under your plan. Some policies will cover theft, while others have criteria for safety and security that might apply. Along with understanding what’s covered, you can cut down on the chances of having to file a claim by practicing good safety and security strategies. For theft, that might mean having deadbolts or other security devices on your house. If you live in a rental home with multiple roommates, consider installing locks on individual bedrooms. This is a key security feature that is often missing in these shared environments. A range of fire safety practices can also help. These common sense tips can help you protect what you own and make sure it’s covered in case of damage or theft. For more information on Fort Lauderdale renters insurance policies, call Pro Player Insurance Group at 855-367-7744.