When you first move into a new apartment, often the last thing you think about is renter’s insurance, but it can be essential in ensuring that all of the lovely things inside of your apartment are covered in case of accident or natural disaster.
For most people, when they hear the word “insurance” they see dollar signs flashing before their eyes, but renter’s insurance is actually not very costly and is definitely worth looking in to. Sometimes the property you move into may even require renter’s insurance, so it is always best to check with your complex first to see if there are any minimums or information you need to know regarding the insurance you need.
The next step would be to take a look around at your items and try to put an actual value on them. If you have some high-value items, it’s always best to ask the insurance company about how those should be covered. It is also important to document your items and their condition or keep receipts for higher-end items in case you ever need to make a claim. If it helps, keep a spreadsheet saved so you can easily access and keep track of your belongings.
After that you will need to call around or look online at quotes for coverage and pricing. Be sure to discuss your items and what they are worth with an insurance professional so you can figure out which type of coverage you will need. You will likely need to update your insurance policy yearly. This would be a good time to add in any new, valuable items you want to cover and update any pictures or receipts as well.
As with any type of insurance, it can be overwhelming to decide what you need or don’t need, but having the peace of mind that you are protected in case the worst happens can go a long way.