Renters insurance includes three important types of financial protection:
§ Coverage for Personal Possessions
§ Liability Protection
§ Additional Living Expenses
Consider the following to help you choose the right coverage when you are shopping around for renters insurance.
Feel free to contact our office for a no-obligation review of all your insurance needs.
1. I run a business out of my home; do I need supplemental coverage?
A typical homeowners or renters policy provides only $2,500 coverage for business equipment which is generally not enough to replace all of the equipment required by even a small home business. You may also need coverage for liability and lost income. Insurance companies differ considerably in the types of business coverages they offer. Some may meet the specific needs of your business, while others may not. So it is wise to shop around for coverage options as well as price.