Make Sure Your Belongings Are Safe.
When renting an apartment, house, condo, or a dorm room, you may not consider insurance; however, fire, theft, or vandalism can damage or destroy your property. In this event, it’s unlikely your landlord will pay to replace your belongings.
At Platinum Insurance Group, we know you have invested a considerable amount of time and money in your personal property. How do you ensure your property is safe? When you put Renters or Tenants Insurance in place; this can pay for the cost of replacing your belongings, especially if they are damaged due to an accident, fire or if they’re lost or stolen.
Depending on which policy you select, your insurance will pay to replace items using one of two methods: Actual Cash Value (ACV) or Replacement Cost. ACV coverage will ensure your personal belongings only for the amount in which they are currently worth. Replacement Cost will pay for the expense of replacing the items with brand new ones.
Other Insurance Options To Consider
Above all, Liability Coverage can safeguard yourself from injury claims that occur in your home. Anyone who gets hurt on your property could be covered by liability coverage. In this case, your insurance can pay the related medical payments and expenses, and provide for the cost of legal support if you happen to be sued.
If you have a fire which damages or destroys your residence, making your home uninhabitable, this will place you in a “loss of use” situation. At this point, your Renters Insurance may temporarily reimburse you for the cost of another residence in which to live.
Representatives from Platinum Insurance Group are committed to working with you to design a policy that ensures you get the options you want at a price you can afford.