Like a homeowner, a renter must carry an insurance policy to protect against liability claims and their belongings. While shopping for a renters policy, it is critical to understand some of the main exclusions in your policy. Below is a list the agents at THINK Insurance & Financial Services put together of the coverages you should be aware might be excluded from your renters’ insurance policy.
Earthquakes
Most people assume an insurance policy covers a natural disaster such as an earthquake, but in reality, they are often excluded from renter insurance policies. Residents in the Pamona, CA area may have particular concerns about earthquakes. It is critical to understand if you have coverage under your policy.
Valuables
While a renters’ policy should cover most of your personal property, some items might be excluded, and you will need to ask for coverage specifically. Items typically excluded are considered valuable, such as computers, jewelry, and fine art.
Roommate coverage
Do not make the mistake of assuming that your policy will cover both your and your roommates’ property. If you want your roommate covered under your insurance, you will want to add them to the policy and make sure their property is listed as insured.
Dog bites
While some insurance companies provide coverage for harm caused by a dog, such as a bite, it is vital to confirm that you have the coverage. It will be crucial to make sure your policy provides coverage if you have a dog considered an aggressive breed, such as a pit bull. Even insurance companies that provide coverage for pets often exclude certain breeds.
If you want to learn more about what is covered under a rental insurance policy, reach out to an agent at THINK Insurance & Financial Services today. We proudly serve the Pamona, CA area.
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