Why should I get a renters insurance policy?

Living in a rental property is common for a lot of people in the Orlando or Oviedo, FL area. When you do move into a new apartment or rental home, you need to make sure that you handle all of your responsibilities. Part of this is finding a quality and reliable renters insurance policy. There are several reasons why you should get one of these insurance policies when moving into a new rental unit. 

You Want to Comply with the Lease

The first reason why you should want to get a renters insurance policy is that you will want to comply with the terms of the lease. Having a renters insurance policy is good for the tenant and the landlord. Due to this, it is undoubtedly going to be required at all times. If you do not have it, you could face a variety of issues due to lease defaults.

You Want to Have Coverage

Another reason why you will need to have a renters insurance policy is that you will want to have your property covered at all times. A renters insurance policy gives great coverage including protection for your personal assets and liability. Having this coverage at all times is quite important. Due to this, you should never allow it to lapse. 

When you are in need of a renters insurance policy, you should contact the team at The Wurzel Agency. For those that are in the Orlando or Oviedo, FL area and need a renters insurance policy, The Wurzel Agency can help you understand all of your needs and options. Based on this assessment, we can then help you find a policy that provides you with the right type and level of coverage. Contact our office to get started with a quote.

Are Your Most Valuable Items Covered? 4 Simple Steps to Make Sure

What do holidays, special occasions, and inheritances have in common? If you guessed the acquisition of a new possession, then you’d be right. Before the excitement about your new TV, appliance, jewelry, antique, art, or other valuable item wears off, remember that acquiring new items also increases the monetary value of your home’s contents. Your homeowner’s insurance should be updated to adjust for additions that add significant value. Here are four simple steps for making sure your most valuable items are covered:

Step 1: Take a home inventory.

Go through your home periodically and take note of the most valuable items, as these are the items you’ll want to insure against damage or loss from events like theft or fire. For most, these items usually consist of electronics, jewelry, art, antiques, collectibles, appliances, and rare items. If an item would be hard or impossible for you to replace, then it should be included. Also keep in mind that standard policies usually limit firearm coverage since thieves commonly target them.

Step 2: Get an appraisal.

Some items are more difficult than others to assign value, especially antique or sentimental items. A professional appraisal can be very helpful in finding out the true value of an item. It’s also useful for purposes of estate planning.

Step 3: Document your belongings.

Any item on your home inventory list should be visually documented with photo or video. This will speed up the claim process. Make sure the shots are clear and show the details of the item. It’s also a good idea to get a wide shot of each wall in every room of your home. Upload your photo and video files to an online photo storage site like Google Photos, or store hard copies in a safe deposit box.

Step 4: Review your coverage.

Many homeowners don’t know what’s covered by their homeowner’s insurance until disaster strikes and it’s time to submit a claim. You could find yourself trying to replace expensive items out of your own pocket. Don’t leave yourself in the dark and compound emotional loss with financial loss.

You’ve already done an inventory and appraisal. Now, it’s time to compare the value of the items on your inventory list to your existing coverage. Make sure the coverage is sufficient to compensate you should you suffer a theft or disaster-related loss. Pay close attention to any category that contains exclusions or limits losses to a specific dollar amount.

If you note any discrepancies or have any questions or concerns, schedule a policy review with your insurance agent — remember, we’re here to help!