Due to the rising home prices more and more people these days are renting out flats rather than buying houses. This has led to the increase of buying renter’s insurance. JNR Insurance Agency has over 13 years of experience when it comes to insurance, be it Auto insurance, homeowners insurance, flood insurance, or even cyber liability insurance. Once you partner with us, let our agents take care of all your insurance needs. We not only have the right coverage for all kinds of risks but we also provide them at competitive prices.
Below we have mentioned 3 useful tips for buying renters insurance. Take a look.
- Select the right coverage amount
In unfortunate incidents like accident, natural disaster, or theft such insurance policies are designed to either offer you the cash value of the items lost or replace your belongings. Always keep an inventory of your belongings; in this way they become easier while filing the claim.
- Know what is covered
Before purchasing the renters insurance make sure to go through every single detail. If you cannot understand ask the agent to explain it to you as in these types of policies there are certain situations like damage caused by earthquakes and floods which are not covered under this option.
- Opt for higher deductibles
Deductible is the amount that you pay out of your own pocket in an event of damage before the insurance company starts paying you your claim. On choosing a higher deductible, it does mean that you have to pay more upfront but it also ensures that your monthly premiums will be quite low. Saving up on the premium amount becomes economical in the long run.
So, if you live in the regions of Brooklyn, Jersey City, Bush wick, Prospect Park, NY, Williamsburg, NY, and Dumbo, NY and are planning to purchase a renters insurance, you can get in touch with us.