The biggest investment most people will ever make is in their home. That’s why it makes sense to protect the sizable financial investment you’ve made in your own home with a comprehensive homeowners plan.
Insurer's offer a variety of different home policy's, the best way to make sure you have the right coverage is through a local Agent.
Replacement Cost versus Actual Cash Value
It is important to insure your home to replacement cost value because under certain circumstances you may be subject to a recovery amount less than what it would cost you to restore your home to its pre-loss condition.
Replacement cost is the amount it would take to replace or rebuild your home or repair damages with materials of similar kind and quality without deducting for depreciation.
Actual cash value is the replacement cost minus any depreciation (decreasein the value due to age, wear and tear since the time the structure was built or purchased.)
Special features you can choose for additional security for your unique needs
Like homeowners insurance, renters insurance will protect all of your personal possessions from loss and protect you from significant legal and medical bills should someone be injured in your apartment.
“My landlord's insurance covers me.” Not true. This is a common misconception among renters, and it is untrue in almost all situations. Your landlord carries insurance that will cover his/her loss in a situation where the building is destroyed or damaged in some way. Your landlord is covered in case someone (including a tenant) is injured on the property, though not in your apartment.
“Renters insurance is too expensive.” Not true. The average renter can get complete coverage for a couple hundred dollars or less a year, depending on where he or she lives. Isn’t that a small price to pay for knowing that you and your belongings are protected?
“My roommate has insurance, I don't need it.” Not true. Your roommate’s insurance will cover her possessions, but it will not cover yours unless you are listed on his/her policy.