| Many renters do not realize they have so much to | | | | covered property will be repaired or replaced without |
| lose, whether it is personal belongings or financial loss | | | | deduction for depreciation. For example: if stolen they |
| due to legal liability. If you do not already have | | | | above mentioned items will be replace with Brand |
| renters insurance, you may question its importance | | | | new items. |
| and the coverage it provides. Check out some | | | | Q: What is the difference between an ACV (actual |
| common questions and answers below. You might be | | | | cash value) and Replacement cost policies? |
| surprised to learn just how much you risk losing | | | | A: ACV policies are cheaper because they take into |
| without proper insurance for both your personal | | | | account the age of the item that is lost or |
| liability and your personal belongings. | | | | destroyed. For Example: a 5 year old Stereo is stolen. |
| Q: Why would I need a renters insurance policy if my | | | | An ACV policy will only reimburse you the value of a |
| landlord carries insurance? | | | | 5 year old stereo! (Maybe $100 if you're lucky!) A |
| A: The insurance your landlord carries covers the | | | | replacement policy says go buy a NEW Stereo of like |
| building structure, but does not cover your personal | | | | Brand, quality, features as the one that was stolen |
| belongings--your furniture, wardrobe, appliances, | | | | and we'll give you the money to buy it brand new! |
| television--anything that you've moved into the | | | | Q: What if my child accidentally breaks a neighbor's |
| building. You need a renters policy to cover your | | | | window? |
| personal possessions. | | | | A: A renters policy covers property damage caused |
| Q: Just what is covered by renters insurance? (Also | | | | by you or your family members (up to the policy |
| known as "insured Peril") | | | | limits.) This family coverage is automatic in most |
| A: A covered peril is a cause of loss for which a | | | | renters policies. |
| renters insurance policy will provide protection. | | | | Q: How can I determine how much insurance I need? |
| Insured losses include theft, fire, smoke, lightning, | | | | A: Add up the dollar value of everything you own in |
| explosion, riot, vandalism, hail, and water damage | | | | your home. Clothing, furniture, television, stereo |
| from plumbing. | | | | equipment, computers, kitchen utensils, etc. What |
| Q: What are the odds of my home/apartment/condo | | | | would it cost Brand New if you had to replace |
| being burglarized? | | | | everything? Most companies have a calculator to help |
| A: Chances of a burglary in your home are greater | | | | you get in the ball park, but ultimately, it is your |
| than you think. In fact, a burglary occurs about every | | | | responsibility to determine how much you need. |
| ten seconds. According to recent FBI statistics, two | | | | Finally: As a Renter, you face many of the same |
| of every three burglaries occur in homes, condos, or | | | | risks as a homeowner. Some renter's think they can |
| apartments with an average loss of $1,004 per | | | | never be sued as they don't Own the property. |
| residence! | | | | What if you are out playing golf or softball with |
| Q: Renters insurance covers theft in the home. What | | | | friends and someone gets hit with a ball? (either |
| if I'm held-up while away from my home, or if I'm a | | | | bodily injury and/or property damage) The liability of |
| pickpocket victim? | | | | a renters policy will defend you and pay any |
| A: Renters Insurance can provide coverage form | | | | damages up to the limit that you choose. |
| theft whether it occurs at home or away from | | | | Shopping around for the right renters insurance policy |
| home. This coverage includes protection against loss | | | | is a smart investment of your time and purchasing a |
| from robbery, pickpocket theft..Even credit card loss, | | | | good policy is a smart use of your money. Online |
| forged checks or counterfeit money. | | | | services (yes, like ours at HometownQuotes.Com) |
| Q: If my video cassette recorder of stereo were | | | | have made the process easier than ever, so rather |
| stolen, would my renters insurance provide coverage | | | | you use our service or someone else, start shopping |
| to buy a new one? | | | | today...you made need it sooner than we hope you |
| A: The Personal Property Replacement Cost Option in | | | | do. |
| a Renters Policy assures you that most of your | | | | |