Questions to ask your agent about renters insurance

Are you considering renters insurance? Great choice! At American Family Insurance, it’s a smart, affordable way to protect the things you’ve worked so hard for. But before you purchase your coverage, you’ll want to make sure you ask the right questions. Here are some key topics to discuss with your agent, so you understand your coverage options and can protect your belongings with confidence.

How much renters insurance coverage do I need?

It depends on how much stuff you own and what it’s worth. Start by adding up the total value of your items. Then opt for a coverage limit that will help replace all your belongings if the unexpected happens. Your agent can assist in selecting the appropriate coverage amount.

Pro tip: Create an inventory of all your possessions and include receipts when possible. This will come in handy if you have to file a claim, since you’ll need proof of ownership. An inventory can help move your claim along more quickly — and reduce stress!

Is all of my personal property covered by renters insurance?

Renters insurance typically covers most personal property, such as clothing, furniture and electronics. But there may be limits on high-value items like jewelry. Check with your insurance agent to see if you need additional coverage for them.

Example: You have a cherished record collection you’ve spent years accumulating. If it gets damaged or destroyed by a covered event, renters insurance would cover it, but it might only be covered up to a certain amount. The good news is you can add itemized personal property coverage to your policy and increase your level of coverage for more valuable items, like your record collection.

Which losses and events are covered by a renters policy?

Your renters insurance commonly covers hazards like theft, fire, wind, smoke damage and water damage from bursting pipes or overflows — and it even offers liability protection.

Ask your agent if you’re concerned about specific risks, such as flooding, which you’d have to add on as a separate coverage through the National Flood Insurance Program.

What is renters liability insurance?

Renters insurance not only protects your personal property but also includes liability coverage. Liability protection helps cover costs associated with accidental bodily injury and damage to others’ property, including potential lawsuit expenses.

Let’s say you’re held liable for breaking your neighbor’s window while playing catch. Your renters liability insurance could cover the repair cost. Or, if you accidentally start a fire in your apartment by leaving a pizza in the oven too long, liability coverage on your renters policy can help pay for damages.

What is medical expense coverage?

This aspect of liability coverage helps cover medical expenses for guests injured in your rental unit. If a guest slips and breaks their leg, they can submit their medical bills directly to your renters insurance company. Keep in mind, this coverage doesn’t apply to your own medical bills or those of anyone who lives with you.

With renters medical expense coverage, you’ll have peace of mind you’re protected from unexpected expenses if a guest at your apartment gets injured. Talk to your agent about medical expense coverage limits to ensure you have the protection you need.

Can I move my renters insurance to another apartment?

Absolutely! Moving your renters insurance is usually as simple as contacting your agent. At American Family Insurance, we ask a few questions about your new location, and your coverage typically stays in effect.

What are the payment options for renters insurance?

Renters insurance is affordable, so you can pay for a full year upfront or opt to pay your premium in monthly or bi-annual (six-month) installments. Talk to your agent about the best option for you.

Will a renters policy cover my roommate?

Roommates are not covered under your renters insurance unless their names are included in the policy. Typically, roommates don’t share renters insurance, but get in touch with your agent to better understand your options. In the meantime, learn more about roommates and renters insurance.

Am I covered if my property is stolen when I’m on the go?

One of the great benefits of renters insurance is that it can help cover the cost to replace belongings that are stolen while you’re traveling. If someone steals your laptop at a coffee shop or swipes your tennis racket at the park, your renters insurance may cover the replacement cost. Here’s more about renters insurance coverage that follows you.

Keep in mind, renters insurance isn’t the same as travel insurance, so check with your agent about how renters insurance works while you’re on the go, especially when traveling to a different country.

Is my pet covered?

Pets aren’t covered under a basic renters policy, but American Family offers special add-on pet coverage. Talk to your agent to make sure your furry friend is protected.

How do I file a renters insurance claim?

American Family offers a number of options to file a renters insurance claim. You can download the MyAmFam app or sign up for My Account, where you can file a claim, make payments, access your policy information and more. You can also file your claim online or by calling our 24/7 customer care center at 1-800-MYAMFAM (1-800-692-6326).

At American Family Insurance, your agent is your trusted advisor. They are ready to answer all your questions about renters insurance so you understand exactly how you can proactively protect the place you call home. Connect with your American Family Insurance agent today.

This article is for informational purposes only and based on information that is widely available. This information does not, and is not intended to, constitute legal or financial advice. You should contact a professional for advice specific to your situation.

This information represents only a brief description of coverages, is not part of your policy, and is not a promise or guarantee of coverage. If there is any conflict between this information and your policy, the provisions of the policy will prevail. Insurance policy terms and conditions may apply. Exclusions may apply to policies, endorsements, or riders. Coverage and discounts may vary by state and may be subject to change. Some products are not available in every state. Please read your policy and contact your agent for assistance.