water damage (along with damage from freezing) is the third most costly type of home insurance claim and makes up almost 20% of home insurance property damage claims, according to the Insurance Information Institute. The average insurance claim for water…
Contact the police immediately. Call the police as soon as possible to file a police report. If you don’t file a claim immediately after you discover a theft, the insurer may find the claim suspicious. Contact your insurer. Have the…
Renters insurance generally covers theft outside your home and while you are traveling. Whether your bike is stolen from your workplace or your luggage gets stolen on vacation, it’s likely covered by insurance. Renters insurance generally covers personal items stolen…
Your renters insurance coverage amount should be based on the cost to replace all your possessions. Imagine a worst-case scenario in which your apartment building burned down. How much would it cost to buy clothes, furniture, rugs and everything else?…
Fortunately, a typical renters insurance policy will reimburse you for belongings stolen from your apartment, up to the policy’s limits. This includes theft of: