Month: August 2020

How Does Umbrella Insurance Work to Protect You?

Posted on by AgentInsure

Umbrella insurance is a type of insurance policy that is designed to provide coverage over and above the limits of an existing policy. For example, your Boise ID insurance agent can help you evaluate how much your home, auto, or boat insurance covers, and then help you add umbrella insurance to cover specific additional expenses. These policies typically cover bodily injury, landlord liability, personal injury, and property damage. Fuhriman Insurance Agency in Boise, ID can review your property, belongings, health, and lifestyle with you and help you decide on which types of umbrella insurance you may need. 

Accidentals or damages that result in high costs can happen to anyone, in any living situation. Unfortunately, these situations can quickly overwhelm your basic insurance policy. Umbrella insurance helps provide the additional coverage that you need so that you can replace your home and belongings or receive the healthcare that you need. After all, when you’ve just experienced a traumatic event, the last thing you want to worry about is how you’re going to pay to care for your family and their needs. 

Fires, floods, break-ins, and accidents can quickly cause devastating situations. Carrying basic insurance on your property is an excellent start, but it may not be enough. Adding umbrella insurance can help ensure that you have the things that you need and that you can keep your family safe. Reach out to the friendly professionals at Fuhriman Insurance Agency in Boise, ID, and schedule a consultation. We’ll talk with you about your existing property and current coverage, and help build the insurance coverage that works best for you. Contact us today to learn more about the plans that we offer. 

Does renters insurance cover renter-made changes to the apartment?

Posted on by AgentInsure

When you build a bookcase inside your Boise, ID apartment or replace fixtures to update the place, you put your stamp on your domicile. Although you rent, if you have lived there long-term, it probably feels like home. You need to know which of your changes your renter’s insurance from Fuhriman Insurance Agency covers and which you need an add-on to cover.

Your renter’s insurance covers all of your personal property. If you could pick it up and take it with you, it gets covered. That applies to things you can unscrew, too. That means the light fixtures, drawer pulls, cabinet hardware, etc. that you purchased and installed without reimbursement from your landlord gets covered by your renter’s policy if damaged or destroyed.

If you built-in a desk or bookcase, that gets trickier. Sure, you bought the materials and built it, but you made it a permanent improvement to the apartment which you do not own. It became a permanent part of the structure which is not covered by a typical policy. You can make an add-on to your policy though to cover these unusual items, much as you would for high-end hobbyist equipment or business equipment.
A renter’s insurance policy covers your personal belongings, liability, and additional living expenses. It does not cover the structure. That falls under the landlord’s homeowner’s policy.

Some damage will not get covered by your renter’s insurance regardless. That is damage caused by a flood anywhere in the US plus damage caused by earthquakes in some states or hurricanes in others. For instance, in Texas, you must obtain a wind policy separate from renter’s or homeowner’s insurance to cover hurricane losses.

Understanding your renter’s insurance policy helps protect your personal belongings better. Contact Fuhriman Insurance Agency serving Boise, ID for more information on renter’s insurance.