If you are a homeowner, you probably already know about home insurance. If you rent your home or apartment in Mt. Ephraim, NJ, you do not purchase home insurance; you purchase renters’ insurance.
What is Renters’ Insurance?
Renters’ insurance is insurance that you purchase to protect the contents of your home, not the home itself. The owner of your apartment or house gets homeowners’ insurance. You need rental insurance to protect all of the things you love that would be hard to replace, such as:
- Expensive clothing, furniture, and appliances
- Art, hobby items, or family heirlooms
- Expensive jewelry
- Keepsakes from your family’s archives such as old videos or audio recordings
- Electronic equipment, computers, and such
- Anything of value you don’t want to lose
Granted, if you lost all of the contents of your rental, it would still be devastating. But not as devastating as it would be if you were not covered. You may never be able to replace photos or family keepsakes, but you need to be able to afford to rebuild what you can including the things you have invested the most money in.
Assess Your Valuables
It’s wise to take inventory of your valuables that are in your apartment or rental and research the approximate value of them. Then share this with your insurance agent at Marino Agency Inc. This will give them a good idea of how much overage you need and the types of coverage that will be necessary to protect your stuff.
If you underestimate the amount of coverage you need, you will not be able to cover everything and will still be owing out-of-pocket for what it does not protect. Always err on the side of caution and get more than you think you need, rather than less.
In the Mt. Ephraim, NJ area, Marino Agency Inc. is the insurance company that has your back. Contact them to find out how you can protect not only your home but what’s in it!