Renters Insurance Fort Lauderdale

Your insurance policy coverage should be enough to replace all of your possessions if a burglary or any covered disaster happens. The value of your personal property may not seem expensive, but you’ll be surprised when you create an inventory. Your home inventory should include clothing, furniture, electronics, appliances, and even kitchen utensils. The list should have details along with estimated values.

To make your home inventory easy, we have an inventory form for you to download. Or, if you like mobile apps here is a link to Digital Locker® app which is free and easy-to-use. The inventory app can also be used on your desktop computer. Once created this inventory of your home's items is stored securely in the cloud.

iOS Digital Locker® app

Android Digital Locker® app

Filing an insurance claim will be easier and faster with an up-to-date home inventory.

A replacement cost renters policy is an option that covers the cost of replacing the possessions in your home without accounting for depreciation. A renters insurance actual cash value policy will deduct depreciation before paying you for replacement. The additional cost of a replacement policy might be worth it because the value of many items can depreciate quickly.

Renters insurance coverage is for financial losses from smoke or fire, theft, vandalism, lightning, explosion, windstorm and certain types of water damage (like a burst pipe or when the tenant upstairs leaves the water running and floods your apartment).

A flood from an external weather disaster is not covered in a renters insurance policy. However, we can offer you that kind of flood coverage through the federal government’s National Flood Insurance Program

Earthquakes are another unexpected event renters insurance does not cover. Florida is not in an earthquake zone, so that kind of protection is not a concern. However, we can add it as an “endorsement” to your renter's policy or just give a separate policy for earthquakes.

Every insurance policy has a deductible which is the amount of money you pay out-of-pocket before the insurance coverage kicks in. A higher deductible will lower your premium for the same amount of coverage. Each time you file a claim you are responsible for paying the policy deductible. Deductible amounts are usually $500, $1000 or $2000.

Most typical renters insurance policies offer only a limited dollar amount for items like furs, jewelry, and musical equipment. If your possessions are expensive, you should consider adding a floater to your renter's policy. A separate floater policy is an additional insurance for accidental loss. Appraisals and receipts will be required when filing an insurance claim. Since your insurance premium is based on appraised value be sure to use a reputable appraiser. We can help with a recommendation. Another option for covering the cost of expensive property is a stand-alone policy.

Most renters insurance policies include about $1,000 to $5,000 worth of liability coverage. This liability protection covers you against lawsuits for property damage or bodily injury caused by you, a family member or even your pets. Renters insurance liability pays up to the limit of your policy for both the cost of court awards and the cost of defending you in court. $100,000 of liability coverage is standard on most renters insurance policies, but additional amounts are available. You need to determine if the amount of liability coverage provided by your renter's insurance policy is sufficient to protect your assets.

Renters liability insurance also provides no-fault medical coverage. This coverage is not a substitute for your health insurance as it only covers injuries sustained by others. A person injured on your property submits their medical bills directly to your insurance company. Medical bills will be paid by the insurance company avoiding a lawsuit.

When you reach the liability coverage limit on your provided by your auto or renters insurance policy, an umbrella policy kicks in. For that reason, you might consider adding this additional coverage if you have significant assets. Umbrella liability insurance also covers you for slander and libel. Our renters and auto insurance specialists will advise you about limits that have to be met before you can purchase an umbrella liability insurance policy

Home-based businesses insurance coverage options are many and varied. Typically a homeowner or renters insurance coverage is limited to $2,500 for business equipment. $2,500 may not be enough to replace the equipment required by your home-based business. Other coverages you may also consider are liability and lost income insurance. Our renter's insurance experts are also business insurance experts and can help you choose the perfect coverage offered by our top-rated insurance companies.
Are discounts available for renters insurance?

Yes, renters insurance will pay for additional living expenses if your home is destroyed by a disaster. Your coverage includes hotel bills, temporary rentals, restaurant meals and other expenses you incur while your home is being repaired or rebuilt. You need to know how much coverage you have and the limits.
Some policies provide coverage for a set amount of time, while others have a financial cap.