You probably understand that renter’s insurance is a wise choice, but you might be unsure about what to consider when selecting a policy. At Patrick McNealis Insurance and Financial Group in Emmaus, PA, we offer renter’s insurance and can help you make informed decisions.

Coverage Limits

Firstly, you’ll want a policy that suits your coverage needs. Generally, you’ll enjoy coverage for your personal belongings that matches or surpasses the total value of all your possessions.

Renter’s insurance also includes liability coverage. Ideally, your liability coverage should be equal to or greater than your net worth.

Most policies also include additional living expenses coverage, which covers expenses if a covered event temporarily renders your home uninhabitable.

Scope of the Policy

Understanding what your policy covers is crucial when choosing insurance. Most policies cover damage due to fire, storms, explosions, vandalism, and theft. They also cover damages to others’ property and injuries sustained by non-household members.

In addition, most policies cover your personal belongings even when you are away from home. For example, if your laptop is stolen from your car, your renter’s policy would typically cover this.

Optional Coverage Options

You may want to consider additional coverage options. If you possess valuable items, you should consider getting riders to cover the value of these items fully.

Additional coverage for natural disasters like earthquakes or floods or extra liability protection might also be worth considering. If these types of coverage are crucial to you, be sure to select a policy that offers them.

Renter’s Insurance at Patrick McNealis Insurance and Financial Group

If you need renter’s insurance in Emmaus, PA, contact Patrick McNealis Insurance and Financial Group. Our agents are ready to discuss your needs and help you select the right policy.