For many people renting a home, renters’ insurance is something of a mystery. After all, you don’t own the property, so why should you have an insurance policy? Unfortunately, your landlord’s homeowner’s insurance does not extend to cover your belongings, leaving you unprotected in the event of a burglary or disaster. A renters’ insurance policy from Robert Taylor Insurance in Lorain, OH, can give you peace of mind as long as you’re renting your home.

Here are a few tips to help you better understand the ins and outs of renters’ insurance:

• Take an Inventory: Before signing up for a policy, take inventory of the belongings you want covered under the policy. Start a list and make a note of the value of each item. This will help you determine how much coverage you need to purchase. Keep the list in a safe place where you can access it should your belongings be damaged. This will help make the claims process easier and faster by eliminating any guesswork as to what you had covered under the policy.
• You Might Save by Paying Upfront: For most policies, you’re given the choice between paying the premium in one lump sum or breaking it up into monthly payments. Depending on the plan, you may end up saving money if you pay the full cost of the premium when you sign up.
• Some Polices Have Insurance Caps: Your insurance policy is designed to help cover the replacement cost of your items should they be damaged or stolen from your home. However, your policy may have caps on the value of certain items. Make sure you understand how much the policy really covers and consider purchasing special insurance for more valuable items.

Whether you’re looking for a high-quality renters’ insurance policy or simply want a new quote for your car insurance, the team at Robert Taylor Insurance can help. Learn more about their policies online and call (440) 277-5191 to speak with an experienced agent.