Both seasoned and newly settled Westwood renters understand that no apartment is immune to the perils of fire, lightning, theft, and vandalism. One of these events could literally strip you of all the personal belongings that you own. Your apartment could become unlivable and require relocating to a hotel or other accommodations. Worse yet, a guest or visitor could become injured in your apartment – leaving you liable for their expenses. The experienced staff at Dowling Insurance, one of the best local insurance agencies in the industry, can help you select the renters or apartment insurance policy that best meets your needs.
What is Personal Property coverage in my renters insurance policy?
Canada Goose brand jackets, diamond earrings, musical instruments, HD television sets, i-phones and i-pads – no this isn’t a wish list, these are example of some of the personal property you may own, and could loose if your Westwood apartment is broken into or worse. Items like these should be itemized in a home inventory list and appraised so you and your Dowling Insurance agent can determine the appropriate level of coverage for your renters or apartment insurance that will protect your personal property. Your Dowling Insurance agent will also be able to help determine if you need to add an insurance rider to help protect specific high-value items like diamond jewelry and fine art.
What does additional living expense coverage in my renters insurance really cover?
Protection from the financial burden of living accommodations and food costs above the amount you would typically spend, should your apartment become unlivable, is often called ‘loss of use’ coverage or “additional living expense” coverage, and is typically included in a renters and apartment insurance policy. The expenses of hotels and restaurants add up quickly, even after just a few days. It’s hard enough to swallow any losses you may incur because you have been misplaced due to circumstances outside of your control without having to worry about where you’ll stay and eat.