How many different types of renters insurance do I require?
While the amount of coverage you need will ultimately depend on how much you have, $15,000 in personal belongings and up to $100,000 in liability coverage, with the option to tack on additional coverages, is generally plenty.
To begin, determine how much renters insurance you require in terms of the items you need to protect.
Your Personal Things
The higher the limit you should consider, the more belongings you need to safeguard. Before getting a quote, do an inventory of your belongings so you can get a better idea of the coverage limit you'd like to choose. Clothing, electronics, furniture, cookware, jewelry, and other personal items are included.
With an Insurance Made Eazy Renters policy, liability is included as standard. This policy protects you if you, a member of your family, or your pet injures someone or damages their property.
Consider no-fault medical coverage, which means your insurance provider will cover someone's medical expenses if they are injured in your house.
Finally, consider the following method for calculating the cost of your renters' insurance:
Higher premium = More coverage + Lower deductible
Lower premium = Less coverage + Higher deductible