When do I need renters insurance
is a frequently asked question from agents nowadays and people see insurance as an extra expenditure? There are many reasons why you should consider obtaining renters insurance which is not only for damages done by fire and water or the damages done on the property premises. Some successful claims are as follows:
• A piece of luggage stolen from a hotel or lost by an airline
• Accidentally hurting someone while playing a game anywhere
• If one’s car gets stolen with valuables in it
• If a power outage or short circuit ruins your TV or electronics
• If you are robbed while on vacation
One should talk to his agent whenever he faces a loss no matter if you are covered or not. There are certain limits on such things as gold or jewellery e.g. one's 1000$ gold is covered but one should talk to his agent about buying additional coverage on such things.