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As you renew your lease with your landlord, take this opportunity to take a closer look at your renters insurance. This policy is one that can change over time and you should be up to date on what the policy offers and what exclusions are in place. The longer you rent, the more important it is for you to take a look at your policy to ensure it still provides for the level and type of coverage that is right for your specific needs. The good news is that most policies are easy to update and can be comprehensive enough to meet all of your needs.

How Much Coverage Do You Have?

When you first moved in, you may not have owned a lot of items. You may have been okay with a low limit of coverage. As long as it covers your belongings, the coverage limit on your policy is fine. However, as your assets grow in value, so should your coverage. Take a look at what your annual limit is. Consider updating this to match the value of the items you own now.

You should also consider the importance of adding on additional coverage for specific high-value items. For example, if you have a significant amount of art you've collected or you own a lot of electronics, it may be time to upgrade your policy to provide a higher level of coverage.

Finally, take a look at your liability coverage. Is it enough? Have you filed claims previously that may be a good reason to increase this level?

How Much is Your Deductible?

Your needs have changed as well. Your deductible is the amount of money you will pay towards a loss before your insurance company comes in to cover the rest. Is it too high or not enough? The higher the deductible is, the lower your insurance premium will be. Make sure that this amount remains low enough that it is easy for you to pay out of pocket if you need to do so.

Renters insurance should be a policy you keep in place. However, it is also important for you to update it from time to time to ensure it is always representative of your specific needs.

We’ll help you review your policy. Call Turrentine Insurance Agency at (281) 476-0557 for more information on Deer Park renters insurance.

Posted 10:55 AM  View Comments

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Turrentine Insurance Agency
4003 Center St
Deer Park, TX 77536
Phone: 281.476.0557
Fax: 281.479.7705
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