Renting a home comes with many responsibilities – from ensuring the rent is paid on time to keeping the property in good condition. And one of the most important responsibilities is to have adequate renters insurance. Unfortunately, many renters make some common mistakes when it comes to their insurance policies. Consult with VIP Insured in Bellevue, WA for expert insurance advice.
Here are some mistakes for you to avoid:
1. Not Getting Enough Coverage
One of the most common mistakes people make is not getting enough coverage. Your renters insurance should cover your personal belongings and any liability risks you may face. Make sure to speak with your insurance agent to determine how much coverage you need.
2. Not Updating Your Policy Regularly
Your renters insurance policy is not a one-time purchase – it’s something you need to keep up with over time. As your life changes, so too should your policy. If you move to a new apartment, get married, or have a child, be sure to let your insurance agent know so they can adjust your coverage accordingly.
3. Not Reading the Fine Print
It’s important to read through your policy carefully so that you understand what is and isn’t covered. There may be some exclusions you’re unaware of, so it’s best to know before you file a claim.
4. Not Shopping Around
When it comes to insurance, it’s important to shop around and compare rates. Just because you’re happy with your current policy doesn’t mean you can’t find a better deal elsewhere. It’s worth taking the time to compare quotes from different insurers to make sure you’re getting the best possible rate.
5. Making Assumptions
Never assume that your policy covers something – always check with your policy documents or your insurance agent. For example, many people assume that their belongings are automatically covered if they’re stolen from their car. However, this isn’t always the case – in some instances, you may need to purchase additional coverage for items that are stolen from your vehicle.
Give Us A Call
Avoiding these mistakes ensures you’re getting the most out of your renters insurance policy. If you have any questions about your coverage, or if you’re ready to shop around for a new policy, VIP Insured in Bellevue, WA can help. Contact us today to get started.