Hopefully you will never need to file a claim on your renters insurance policy for a loss or accident in your apartment. If your rented home is broken into, you sustain property damage, or someone gets injured at your apartment, you may be able to receive compensation for your losses by filing a renters insurance claim. By being prepared, you can increase your likelihood of receiving your payment quickly and easily.
Working with a Trusted Choice® independent agent can simplify the claims process. If you have obtained your policy through a member agent, you can count on your agent to help you before, during and after the claims process. Contact a local agent today to get more information about how renters insurance can help to protect you and your belongings.
The Insurance Information Institute is a great resource for statistics and facts about insurance claims and common hazards in the U.S. Check out these facts relating to renters insurance claims:
Injuries and damages can be costly. You can be protected when the unexpected happens to your apartment or rented home by investing in a renters insurance policy. Contact a local, independent Trusted Choice member agent today to get started.
You can be well-prepared in the event that you ever need to file a claim. In doing so, you can make the claims process go much more smoothly, and ensure that you receive the full compensation due to you.
First, be sure that you fully understand the terms of your renters insurance policy, including what is and what is not covered. This will save you the hassle of going through the claims process only to discover that your policy does not cover your loss.
Take an inventory of all your belongings that includes the estimated value of each item. Include detailed photos of your more valuable belongings, as well as any receipts of purchase. If you own anything particularly expensive, you may want to keep documentation of its appraised value in a safe place.
Some insurance professionals recommend keeping copies of all your documentation in another building or “in the cloud” (internet storage) so that if the copy in your home is damaged, you can still access your records.
If you suffer property loss due to a burglary, fire, water damage or other cause, then it is time to file a renters insurance claim. Take the following steps to ensure that your claim is paid in a timely manner.
If the damage to your rented home or apartment makes it uninhabitable and you must pay for an alternative residence, save all receipts for lodging and meals during the time that you are unable to live in your home. Your insurance company may reimburse these costs to you.
Occasionally, renters insurance claims are denied. There are various reasons why this may happen, but the most common are:
If your claim is denied, you may appeal that decision. You are entitled to having your claim reviewed by three different insurance adjusters. It is also important to remember that if you are working with an agent in the Trusted Choice network, your agent works for you, not the insurance company. Your agent will advocate for you and help you successfully complete the claims process.
Liability claims make up only about 7 percent of all renters insurance claims. In the event that you are responsible for an injury in your rental home, take the following steps:
The liability portion of your renters insurance is designed to protect you financially in these circumstances. It will cover the costs associated with the injuries, as well as your legal defense in the event that the other party files a lawsuit. Note that the coverage available is the limit amount you choose when you buy your renters insurance and choose your liability limit. Discuss this limit with your agent and choose an amount that will protect you and your assets.
Losing your personal property to fire, theft or other disasters can be devastating, as can a lawsuit in the event that you are at fault for another person’s injuries. Independent Trusted Choice member agents can help you get through this difficult time by offering assistance and advice and by advocating for you throughout the claims process. Find a member agent in your neighborhood today and learn more about the coverage you need and when and how to file a renters insurance claim.