Renters Insurance Refresher
- Inventory your belongings:
- Take pictures or videos of your belongings (like furniture, clothes, recreational toys, electronics and jewelry).
- Copy receipts, and serial and model numbers.
- Store your inventory on the cloud so you can access it after a disaster.
- Ask your Rathbun Insurance account manager about replacement value (RV) and actual cash value (ACV):
- ACV reimburses you for the depreciated value of your belongings (usually a fraction of the actual cost).
- RV reimburses you using current pricing for your belongings.
- Ensure your reimbursement type works for your budget, and consider how much you can afford to pay out of pocket if you lose everything in a fire.
- Review your policy limits:
- Medical payments help if your fur baby bites someone or a guest is injured in your apartment.
- General liability helps if someone sues you for personal injury or defamation.
- Don't forget about essential add-on coverages for things like:
- Additional living expenses (If you have to relocate temporarily because of a fire, this policy would help with additional living expenses.)
- Earthquakes (Any earth movement is excluded without this additional coverage.)
- Flooding (Your basement storage locker might be at risk even if you're on a higher floor.)
- Sewer backups (Sewage can back-flow into your home, regardless of where you're located.)
- Electronics and jewelry (Most policies only cover up to $2,500.)
Call your Rathbun Insurance account manager for a policy refresh. They’re happy to help protect what matters most to you!
