Insurance offers some protection for unexpected moments. Drivers get insurance in case of a collision. Homeowners get insurance in case there is a problem with the home or the property. But many renters don’t realize that they need insurance too. Here are a couple of questions to ask a renters insurance company in Moore, OK. before signing up for a policy.
What is Covered?
One of the biggest problems people run into with their insurance is that they don’t know what the policy covers. Make sure to open with that question and make sure you completely understand the answer. Renters need to make sure that they know exactly what is covered. Take note of how much everything is worth and make sure that the policy offers that type of limit.
Do Some Items Need Additional Coverage?
Certain items may require additional coverage. For example, a traditional policy may only cover up to a specific dollar amount when it comes to something like jewelry. But what if a renter has more jewelry than most? Does that mean that they are out of luck? Most companies have supplemental insurance that can be added to the original policy to get additional coverage for valuable items.
Do I Get Cash Value or Replacement Cost?
This is one of the more complicated concepts that a renters insurance company in Moore, OK. deals with. There are two options to choose from. The cash value option gives you enough money to cover something similar. If you’ve got a laptop that is several years old, the cash value option gives you the amount it would cost to buy that same laptop today. If you would probably buy a newer laptop, you want to opt for the replacement cost insurance. This usually costs more than a regular policy, but it makes it easier to replace the items that you have with newer models.
If you are thinking about renting a place, or you already are and haven’t considered renters insurance, it’s time to contact Action Plus Insurance. Have your questions lined up and don’t be afraid to ask more along the way. Visit and learn more about your insurance options. You can also visit their Facebook page for more information.
