Ensure That Your Personal Property Coverage Exceeds the Value of Your Possessions

One of the main coverages included in most renters insurance policies is personal property protection. Designed to insure your belongings against a variety of perils, this coverage will reimburse you if your possessions are damaged or lost in a covered incident. In order to have your belongings fully insured, your renters insurance policy’s personal property protection limits need to exceed the value of your belongings.

Personal Property Coverage Limits

Like all insurance coverages, personal property coverage includes limits that determine the maximum amount your insurance policy will pay for a covered loss. Your insurer won’t reimburse you more than your coverage’s limits, and your coverage may include different limits for different types of belongings. Your coverage’s limits should exceed the total value of your covered possessions.

Sometimes, renters are tempted to lower their personal property coverage in order to reduce their premiums. Doing this leaves you vulnerable, though.

Finding Affordable Coverage

Instead of sacrificing your coverage to save on your insurance premiums, you should shop around for a more affordable renters insurance policy. At Fuhriman Insurance Agency, our independent insurance agents make it easy to find the lowest-priced policy in Idaho. In just a short while, they can pull up multiple quotes and compare them with your current premiums. If there is a cheaper option, they can help you switch.

If you live in Boise, ID, or anywhere else in the state, contact our agents through our website to find affordable personal property coverage. The entire process is quick, and it could save you a few dollars every month without sacrificing your coverage.