List all personal ;possessions along with their estimated value.
This will make filing an insurance claim faster and easier.
Know the difference between an actual cash value policy and a replacement cost policy, and decide which works best for you.
Rental insurance covers against ;losses ;from fire, smoke, lightening, vandalism, theft, explosion and certain types of water damage.
A deductible is the amount of money you pay outright before the coverage kicks in.
;Most renters insurance policies do not cover floods or earthquakes. These can be purchased as seperate ;policies ;or as "endorsements."
Consider adding a floater to your policy if you have expensive jewelry, furs, collectibles , sports equipment or musical instruments.
Insurance companies differ considerably in the types of business coverages they offer.
Belongings that are outside of your home are covered against the same disasters listed in your policy. (For instance, property stolen from your car).
;In the event of a disaster, ALE pays for hotel bills, temporary rentals, restaurant meals and other expenses incurred while your home is being repaired or rebuilt. Know your coverage limits, as they vary by provider and policy.
;Renter's insurance provides liability protection that covers you against lawsuits for bodily injury or property damage done by you, your family members and even your pets.
This is part of the liability protection provided by your renters policy, and is only for injuries sustained by others and is not a substitute for your own health insurance.
;If you need a large amount of liability protection, you can purchase a personal umbrella liability policy. An umbrella policy kicks in when you reach the limit on the underlying liability coverage provided by your renters or auto policy.
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