For first-time renters and long-time renters, our agents at David King Insurance Services LLC in Coppell, TX are happy to answer every question under the sun about renter’s insurance. One of the biggest questions our team hears about renter’s insurance revolves around whether renter’s insurance covers replacing stolen valuables. If you’ve experienced a theft in your apartment unit, you probably don’t want to worry about how you’ll cover the items you lost.
If you own some particularly valuable or sentimental items like family antiques or entertainment sets, you should figure out how you might replace them in the event of theft before the event happens. There’s no such thing as being too prepared, especially when disaster could strike at any time.
Can Renter’s Insurance Cover Stolen Belongings’ Replacement?
While every policy has its own terms and limits, most renter’s insurance policies cover at least some stolen belongings. For very valuable or large items like televisions, furniture, and expensive jewelry.
Depending on the terms of your policy, you may not be able to cover everything that’s been stolen. You’ll need to pay your deductible before you can receive funds for the stolen items. For example, if you have a $2,000 television set that was stolen and your deductible is $1,000, you’ll have to pay your deductible, and then you can receive a check to help cover the stolen items based on the limits of your policy.
Since terms and limits can differ between policies, it’s best to check with an agent at our office before assuming that you’ll have coverage for specific instances.
We Are Here To Help
To protect the precious belongings in your rental unit, call our office at David King Insurance Services LLC in Coppell, TX to learn more about our renter’s insurance policies today!