Property Insurance

Do you know the true value of all your belongings—electronics, jewellery, clothing, furniture, appliances, or artwork? Your property is likely worth thousands of dollars. In the event of a disaster, could you afford to recover all your belongings? Whether you rent an apartment or a house, it is crucial to protect your possessions with renters insurance from Nickerson Insurance Services, Inc.

Why Is It Important?

Some large property management companies require tenants to have renters insurance, but not all tenants choose to protect themselves. Renters insurance is extremely important for tenants. Despite popular belief, your landlord’s insurance does not cover your belongings. If your expensive items like laptops or flat-screen TVs were stolen, you would incur the cost of loss. With renters insurance, you can recover the value of damaged or stolen items.

Renters insurance provides essential coverage in several situations. For example, if there is a fire in your apartment, your insurance can help replace your destroyed possessions.

Similarly, if a thief breaks in and steals your jewellery or electronics, your policy ensures you can recover those items without significant financial strain. Furthermore, renters insurance can cover temporary living expenses if your rental becomes uninhabitable due to a covered disaster. This means you won’t have to worry about finding a place to stay while your home is being repaired. Additionally, it protects you in the case of a liability lawsuit.

How Much Do I Need?

With our help, you can estimate the value of your belongings. The best way to do this is to take a detailed inventory of your possessions. List your items, when you purchased them, their original value, and their current worth. We recommend storing your inventory list away from home, such as in a bank safe deposit box. Once you know the total worth of your personal property, you will know how much renters insurance coverage is necessary.

Assessing the value of your belongings is a straightforward process.

Start by going room to room and noting down each item’s details. Don’t forget to include small but valuable items, like jewellery or collectibles. Take photos of your possessions to have a visual record.

This can be extremely helpful when filing a claim, as it provides proof of ownership and the item’s condition before any damage or loss.

Once you have your inventory, calculate the total value. This figure will give you a clear idea of how much coverage you need. It’s also wise to review and update your inventory regularly, especially after purchasing new items. This ensures your insurance coverage remains adequate over time.

Your belongings are likely worth more than you realize. Protect your possessions and invest in renters insurance from Nickerson Insurance Services, Inc. It can make the difference between security and disaster.

By having the right coverage, you ensure that you can recover from unexpected events without facing severe financial hardship. Contact us today to learn more about our renters insurance options and find the perfect policy for your needs. Renters insurance is the key to safeguarding your valuable possessions and gaining peace of mind.