When it comes to understanding renters insurance, knowing what your insuring is easy. Your stuff. The hard part comes when trying to figure out how much protection you need. At Fuhriman Insurance Agency in Boise, ID we want to make sure you have you have the right amount of renters insurance.
So here’s the thing, you may think to yourself, why do I need an exact dollar amount or I’ll just pick a high amount get newer, better stuff. Sure that sounds good. But, insurance companies aren’t going to pay a claim without proof that you had the items you are claiming to be damaged or stolen.
Whatever the case may be. They also don’t really care about sentimental value, sure Grandma Rose may have knitted you that sweet afghan, but it’s only worth what you could buy a new blanket for.
When it comes to contents insurance, you want to pick an amount that truly represents your belongings. If you choose too much insurance, you will be overpaying in your monthly premiums, but not enough coverage and you will be out when it comes to claiming time.
Okay, so now you may be asking, how do I value all of my personal belongings? How much is my stuff worth?
Now, this may take a bit of time but, is totally worth it. Maybe invite a friend over to help, and make it fun. There are several ways you can figure out how much your the contents of your home is worth. You can make a list of the items in each room, then go back and value those items. Basically shop for that item online, once you find the cost of replacement, put the value next to the item. Now, this is probably the most time-consuming method, and then you have to find a safe place to keep the inventory. Or you can try a home inventory app. These apps keep the list of your belongings in one place, and you can even add photos. Making it super easy to communicate with the insurance company if you ever have a claim.
Fuhriman insurance agency in Boise, ID makes it easier to protect the things that are important to you.