Now that you’ve assembled the essential information needed for a renters insurance quote, it’s time to officially get covered! Set up time to meet with an insurance agent — they’ll use their expertise to help you build a customized policy with coverages unique to your needs.
Tips for Meeting With Your Insurance Agent
Ask about discounts. Looking for ways to save money on your renters insurance policy? You probably qualify for a number of renters discounts. Make sure to ask your agent about all the ways you’re eligible to save!
Know what kind of deductible you want. A deductible is an agreed cost you would pay before your insurance kicked in to cover the rest. For example, if your deductible is $500 and you made a claim for $3,000 in damages, you would pay $500 before American Family Insurance covered the remaining $2,500.
American Family also provides our customers with options to control how much they pay. For example, Diminishing Deductible for renters allows you to pay less each year you go without a claim, for a maximum of $500 off your deductible whenever you may need to use it.
Ask questions. You want to be confident that your coverage is protecting you and your apartment — don’t be afraid to ask your agent questions. If you’re not sure what something means or if you don’t understand parts of your policy, your agent is the perfect person to ask. To help you out, we’ve put together some great questions to ask your agent.
Final Considerations to Look for When Shopping for Renters Insurance
Here are some questions you’ll want answers to when looking to purchase rental insurance:
Do you have valuables such as expensive jewelry, televisions, computers, furniture, etc.? If so, be sure to make note and ask your agent about extra coverage that may be needed.
Do you want replacement cost coverage for your personal property? If your laptop or television, for example, are claimed as a result of a covered loss, replacement cost coverage will pay for new items with comparable features and functionality.
Is your liability insurance enough to protect you financially? Make sure to take a good look at the liability coverage limit on your policy. Since liability insurance helps cover you against lawsuits for bodily injury or property damage that you, a household family member or a pet cause, you may want a higher amount than what’s on your policy today.
You may want to consider an umbrella policy for an additional layer of protection. An umbrella policy is a separate insurance product that protects you financially in the event of a lawsuit or claim that threatens to exceed your policy coverage limits. If your policy has liability coverage up to $150,000 and you’re sued for $175,000, an umbrella policy can help to protect your savings and other assets from the $25,000 discrepancy.
Speak to a Renters Insurance Agent Today
As your dreams change and evolve, it’s important you’ve got the protection you need. At American Family, we want you to be confident and in control of your renters coverage — that’s why we recommend reaching out to an American Family Insurance agent to learn about customizing your renters coverages to match your unique needs.