Archive for category Personal Property
Rental Home Insurance
Posted by admin in Personal Property, Rental, liability, renters insurance on October 10, 2009
Renting a home? The need for Renters Insurance is important. When renting the home the owner or the landlord may not require renters insurance but the need for insurance is still real.
What ever your monthly rent is renters insurance can protect you from:
- From losses occurring while living at the home. Imagine a frying pan catching fire and the smoke causing damage to walls and ceiling of the home, renters insurance can position you with liability coverage. The owner may have insurance to repair your damage or to protect themselves from your negligence. When the negligence or cause points back to you the tenant, a renter’s insurance policy positions you with coverage.
- Personal Property Coverage is also inherent in the renter’s policy. Many of tenants do not value their possessions or understand the level of loss when all is destroyed. Renters insurance can position you with coverage from $15,000.00 to $150,000.00. Consider all of the possession you have in the home including all bedrooms. The value can add up quickly. Coverage also extends to items stolen from your car, hotel, or a remote location that you occupy temporarily.
- Loss of use is also an important coverage. If the home is damaged and you can no longer occupy that home, renters insurance positions you with additional funds for the extra cost of living somewhere else.
- Scheduled Personal Property can provided added coverage for your valuable items. If something “mysteriously disappears” like a diamond necklace, having coverage to replace the item can help keep the stress lower. This type of coverage can have a different deductible than the renter’s policy. Many times the deductible is “0.00” for all reasons of loss.
As a potential tenant, having renters insurance prior to your move-in can position you with protection from the day of move-in and onward.
Don’t wait until after you move-in, print out the following application and fax it to our office or fill-in the following online application and a member of our staff will be in touch quickly.
Our agency is privately owned and your data will be held close and not result in calls from hundreds of different agencies.
1-877-MattLocke or click here for more information about our agency.
Personal Property
Posted by admin in Personal Property, renters insurance on September 8, 2009
When You do not own the location where you live, there is still a need for insurance.
Georgia Renters insurance is for anyone who rents a house, condo, or an apartment.
Renters insurance can protect your personal property against loss– Like: fire, theft and vandalism.
Protection for your property has two levels of protection available:
1st- There is a general level of coverage. This level of coverage is generally intended for All of the possessions in the home.
2nd– There is added protection for items of higher value like Jewelry. This coverage is call “Scheduled Personal Property”. If you have items of “higher value”, review that with Matt Locke during the quoting process.
Personal property protection does extend outside the doors of your home. The coverage also protects the property in your car. In the event your car is broken into and your property is stolen, renters insurance positions you and your family protection.
Burned Home
Posted by admin in Negligence, Personal Property, fire, law suit, liability, renters insurance, subrogation on April 1, 2009
Renting a home, apartment, condo, or mobile home? What happens when???
The home you are living in burns due to your mistake?
Many tenants believe that due to the fact they do not own much, a loss is not reason enough to have renters insurance. That perspective is unfortunately not totally true.
After a tenant caused loss, the owner’s policy is positioned to repair or rebuild. The tenant’s personal property is not covered by the property owner’s policy.
What happens next? The property owner’s insurance company gets a copy of the fire department report. If the Tenant is the defined cause of the fire, the owner’s insurance company will SUE the TENANT for reimbursement.
Question: As a tenant, do you have the thousands of dollars to pay back the insurance company for the loss you potentially caused?
The renter’s policy is the key to the solution. If a tenant makes a mistake, the renter’s policy is positioned to provide coverage for the tenant’s negligence.
Renter’s Insurance. Coverage for MORE than personal property.
Call us at 1-877-MattLocke or submit the online form for a quote.
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