Knowing where to get renters insurance is simple in today’s online world. The next step you’ll want to take is to contact an agent in your area. As you know, Chicago renters insurance is very important. Fortunately, it is fairly easy to get proper coverage.
Those who think a renters clothes, furniture and other possessions are not valuable enough to insure should rethink the matter. Others renters make the mistake of thinking their landlord's insurance covers the renters belongings. Not true, the landlord's insurance only covers the structure, not each renters belongings. The only time a renters possessions are covered by the landlord's insurance is if the loss has been proven to be caused by the landlord's negligence, a circumstance that could be difficult and costly to prove in court.
In addition to personal property protection, renters insurance also covers liability coverage. Many people don't realize how important this type of Chicago renters insurance is. Imagine you have a nice apartment in downtown Chicago.. You have guests over and one of them slips on your throw rug and falls, breaking his or her leg. Recovery requires several surgeries and rehabilitation, causing the person to lose time off work. While you may have apologized profusely, the person who fell could potentially sue you for his or her medical bills, pain and suffering. If you don't have liability coverage, you could potentially lose your life's savings.
Note that we said to write down the replacement value, rather than the actual cash value. While you may be using a hand-me-down desk that you picked up cheap at a yard sale, you may have to pay a pretty penny to replace it.
In order to determine the proper amount of coverage, you should take an in-depth inventory of your possessions. Get a notebook and go from room to room in your apartment, condo or house, jotting down all your possessions and their replacement value. Be sure to include such items as your computer, gaming system, radio or stereo, furniture, television, cameras, clothing, furniture, appliances, jewelry and collectibles. Take pictures of these items and plenty of pictures in general. Make several copies of the inventory and the pictures and keep them in a safe place: one at your apartment and the other copies elsewhere so you can access them if you lose your home.
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