Renter’s insurance protects personal belongings in an apartment or home you rent in Dallas, TX. Some people think that everything inside your home will be covered if something is lost or damaged due to a covered risk. However, that’s not the case if you own expensive jewelry or collectibles. You can protect your valuable items by getting the right insurance policy from Presley Insurance Group.
Understanding Standard Renter’s Policies
Most companies base premiums for renters’ insurance policies on the amount you estimate your belongings are worth. This amount would include the total value of your clothes, furniture, electronics, jewelry, and other similar items. If you collect items like vintage toys, you may think that including the worth of these items in the figure will suffice, but often it does not. Depending on the company issuing the renter’s policy, you may receive a small portion of the value of the collectible damaged or lost due to a covered risk. However, some policies won’t reimburse you at all. So, how do you protect your Star Wars or similar collection?
Options for Additional Protection
Some carriers allow you to schedule your valuable collectibles, such as those for a homeowner’s insurance policy. You list your valuable items. However, that option may not work for some policies, depending on the type of collectibles you own. Another option is to buy a separate collectible insurance policy. Collectibles insurance allows you to protect virtually any type of item deemed collectible. Examples include:
- Figurines
- Antiques
- Books and manuscripts
- Musical instruments
- Records and CDs
- Sports cards and memorabilia
- Toys and trains
- Vintage clothing
Many different items can qualify for a collectibles insurance policy. To understand how this insurance works, contact the professionals at Presley Insurance Group, serving Dallas, TX. Call us today to get started on a policy protecting your valuables.
