Does Renter’s Insurance Cover Costly Personal Belongings?

Renter’s insurance offers excellent protection for anyone in Fords, NJ who rents an apartment, condo, or house. With this coverage, you can rest assured that you’ll receive compensation for your personal belongings in the event of a covered peril such as a storm, fire, wind, theft, or water damage. Additionally, many renters’ insurance policies cover the cost of temporary housing, such as a hotel, if your rental property requires repairs due to an unfortunate incident.

However, it’s important to understand that renters’ insurance has coverage limits. Knowing what isn’t covered by a typical renter’s insurance policy can help you purchase the proper additional protection for your valuable items.

Which Personal Belongings Aren’t Usually Covered by Renter’s Insurance?

Renter’s insurance typically doesn’t cover high-value items such as jewelry, art, or collectibles. It also doesn’t cover personal vehicles, even if they’re parked in the garage when disaster strikes.

If you own high-value items, consider purchasing collector’s insurance. Insurance agencies will appraise your valuables to ensure you can obtain sufficient coverage. For personal vehicles, comprehensive auto insurance is a smart choice, as it covers theft and various natural disasters.

Call Five Star Insurance Agency for More Information

Having the right forms of insurance provides peace of mind, knowing you’re fully covered no matter what happens. That’s why our team at Five Star Insurance Agency specializes in offering personalized assistance to clients in and around the Fords, NJ area. We can help you review your policy and policy bundle options, understand the pros and cons of different types of insurance, choose a deductible, and more. Contact us today to learn more or request price quotes.