Whether you are renting a home or a condo in Maryland or if your kids are off at college, purchasing affordable renters insurance should be at the top of your list of things to do. Although your landlord should provide insurance to cover the building where you live, you will be responsible for replacing your personal belongings in the event of a fire or other disaster. If your kids are away at college, you should also consider purchasing a renters insurance plan for them. If their apartment or dorm is broken in to and expensive electronics or jewelry are stolen - a renters policy should cover these items
Independent insurance agents with the HBW Insurance Group, Inc will answer your questions about how much renters insurance you need for your situation. You may want to go through your home and take inventory of your items. Taking pictures and video can also speed up the claims process if you are involved in a disaster. Columbia, MD renters insurance agents will compare quotes and rates from multiple providers to help you find a policy that fits your budget. Depending on how much coverage you need and how much you choose for a deductible, you should be able to find a renters insurance plan that meets the needs of you and your family.
Our independent insurance agents can also explain the difference between an actual cash value and a replacement cost policy. The main difference is the ACV policy will take into consideration the age of the items and usually only give you what the item is worth at that time. A replacement cost policy will actually provide the resources needed to replace the items you have lost. Give our agents at the HBW Insurance Group, Inc a call today.