by Administrator
19. February 2016 08:09
When you rent a house in Killeen, TX, your landlord’s home insurance policy will not cover any damages to your belongings. Therefore, you need to have a renters insurance policy that provides suitable coverage in the event of unforeseen circumstances.
Among the various renters insurance contracts, the most popular one is termed as HO-4. It lists all the perils which are covered in your insurance policy. If a peril is not mentioned in HO-4, it means you will not be provided coverage for it. You will need to buy special add-ons known as endorsements for protecting your belongings from additional hazards.
The coverage options are listed below:
- Protection for personal belongings: Personal property coverage includes protection in case of property damage due to fire or lightning, windstorm, smoke, vandalism, theft or unintentional discharge of water. You need to choose a dollar limit for getting coverage under this category. Personal items such as clothes, appliances, furniture etc. are included in the coverage. It is important to know the exact value of all your household items beforehand in order to get the requisite coverage without underestimating the actual worth of your possessions.
- Personal liability coverage: In this case too, you will be required to choose an upper limit for the coverage. Personal liability coverage provides protection if you are held responsible for causing accidental bodily injury or property damage that occurs on or outside the property. The only exceptions in this category are the injuries related to automobiles.
- Special coverages: Endorsements or add-ons are special coverage options that need to be added to your standard insurance policy to provide extra protection for high-value items and various types of scams.
- Limits on valuable items: All insurance policies have dollar limits for valuable items such as jewelry, fur etc. It is important to mention these at the time of buying a particular renters insurance policy so that you get the required additional coverage.
- Water/sewer backup: This add-on will help in cleaning up, repairing or replacing your damaged household items in the event of a malfunctioning sewer pipe or sump pump causing havoc in your house.
- Identity fraud: This special coverage will aid in regaining your credit status if you get trapped in an identity theft.
We, at Shawn Camp Insurance Agency, Inc. offer various renters insurance plans in Killeen, TX. For more information about the coverage options, you can call at (254) 526 – 0535.
