What To Ask When Getting Renters Insurance?

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February 4, 2014

Tom Sheehan

First, ask yourself about the value of your personal belongings. That includes your clothing, furnishings, kitchen tools, electronics etc. Some things are obviously more valuable than others, but develop an inventory and assign a value that is fair. Next, determine what your financial exposure may be. What is your salary or compensation package at work worth? Do you have money in the bank, or in mutual funds? Do you have a retirement plan of some sort? This will give you a road map to the amount of Liability protection you need. Finally, discuss this with your Insurance Proessional and be sure to ask about coverage options and policy limitations and don’t forget to ask about available discounts for “bundling” your coverage.

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