As a renter do I need an inventory?

About 36% of households are renters. Only about 40% of those households feel the need to have renters’ insurance. That is both optimistic and scary. Being sure that nothing bad will ever happen to you is unrealistic. Smith Insurance Agency of West Virginia in Kingwood, WV has a team of insurance experts who can provide you with the information you need about what renters’ insurance can do for you. 

If you ever need to file an insurance claim for the loss of your personal property, how will you prove that you did have a 60-inch smart TV? It will be easy if you have done a good inventory of your rental with backup photos and receipts. 

An inventory is a detailed listing of all the things that you own. It is usually done one room at a time with photos and as many sales receipts as possible. It is much simpler to do this before a catastrophe hits than after. This document is then stored away in a safe place, usually away from your rental, so that if you ever need it, you can easily access it. If you must store it at the rental, store it in a waterproof, fire-resistant box or bag. Placing a copy of it on the cloud or emailing it to yourself and placing it in a file where you can get to it when needed is important. 

Beyond just personal property coverage, renters insurance also provides you with liability coverage and loss of use insurance. If your rental is damaged and you can’t live in it, you will be able to afford another place to live. 

Contact Smith Insurance Agency of West Virginia in Kingwood, WV if you are ready to consider the benefits of renters’ insurance. 

Protect your belongings and your peace of mind with renter’s insurance!

Are you a renter in the greater Kingwood, WV area? The team here at Smith Insurance Agency of West Virginia is ready to help you with all of your insurance needs. Did you know that a comprehensive renter’s insurance policy can protect your belongings and offer peace of mind? Our team is here to review the options that are available to renters in our community and we would welcome the opportunity to work with you too.

Let’s talk about renter’s insurance

There are few things more important than our homes and our personal possessions. Whether your rental abode is an apartment, condo, or house, it’s important to carry an appropriate insurance policy. A comprehensive insurance policy can help you overcome many catastrophes with a lot less stress and a light financial impact.

Our team can help you review the available policies and help you determine the right type of policy and coverage level for your individual needs. Don’t delay when it comes to renter’s insurance! Your peace of mind is just the start of the many benefits that you will realize from your renter’s insurance policy. 

Like many other types of insurance, renter’s policies are something that we don’t really think about until we need it. Be ready for the different situations that life can throw at you by having the right policy in place before you need it. 

Ready to find out which policy is right for your needs?

Smith Insurance Agency of West Virginia is here to help Kingwood, WV residents find the right insurance policies for their needs. Renter’s policies aren’t "one size fits all" and our experienced agents are here to help. Call or stop by today to find out more!

Who needs to get renters insurance in West Virginia?

The Kingwood, WV area continues to be a popular place for people to move to. As you are looking to move to this West Virginia community, you will need to find a place to live. If you are looking for more convenience and flexibility, renting a home is ideal. Before you move into a new rental home, you should get a renter’s insurance plan. There are several situations when someone will need to get this coverage. 

When Trying to Cover Assets

A situation when someone will need this coverage is when they want to cover their assets. While a renter is not an owner of the property they live in, they are bound to have a lot of personal assets and items stored under the roof. With a renter’s insurance plan, you will get coverage that can replace your items if there is a fire, theft, or other situations that result in a loss. 

When Required by Lease

If you are moving into a new home, complying with the lease terms is very important. One common requirement that you will likely have is to carry the proper insurance. The landlord will want you to have protection at all times and will likely require evidence of protection before you move into your new rental home. 

A renter in the Kingwood, WV area should always have insurance before moving into their new home. As you are in the market for a new renter’s insurance plan, it would be helpful to contact the Smith Insurance Agency of West Virginia. If you do call the Smith Insurance Agency of West Virginia you will become more educated on the benefits of this insurance coverage, and they can provide the support you need to pick a new plan.

Why You Need Renters’ Insurance

If you live in a rental of any kind, it’s vital that you get renters’ insurance to help protect you and your belongings. If you’re in a new rental and need renters’ insurance, call us at Smith Insurance Agency of West Virginia in Kingwood, WV for an appointment with an agent.

Your Renters’ Coverage

There are several different parts to a renters’ insurance policy. The one that is perhaps most important is the coverage for all of your possessions. With a renters’ policy, your belongings are covered should they become damaged or destroyed by a calamity or other incident. It’s a good idea to document all of your belongings so that you can prove ownership of the items that need to be covered. 

Liability

Another factor in these insurance policies is your liability. A renters’ insurance policy comes with an amount of liability insurance to cover you against accidents and illnesses happening in your home. When a third party gets injured, or becomes sick, in your home, it’s possible for you to be at fault, and this spells expensive lawsuits. Your liability coverage can cover everything from a settlement to legal expenses. 

Cost of Living

Another important part of renters’ insurance is paying for your living expenses if your home becomes destroyed or uninhabitable. Living expenses being paid will allow you to continue your lifestyle after a catastrophe. 

Meeting With an Agent

If you are renting a new place and need renters’ insurance, or you think you may need more insurance than your current policy, contacts us at Smith Insurance Agency of West Virginia in Kingwood, WV to make your appointment. An insurance agent can answer all of your questions and let you know how much you actually need to be insured. 

When is renters insurance a good idea for someone in West Virginia?

Anyone that is in the Morgantown or Kingwood, WV area needs to make sure that they are adequately covered by insurance. When you are looking to move into a new rental property, one form of insurance coverage to get is renters insurance. There are several reasons why getting renters insurance is so important. 

When Looking to Protect Personal Assets

One situation when you should get a renters insurance policy is when you want to protect your personal assets. When you get this insurance coverage, it will provide you with coverage to replace your clothing, furniture, electronics, and other personal belongings if they were to get damaged during a fire or other form of damage. This could prove to be very beneficial in a variety of situations where you incur a loss.

Required by Lease

Another situation when you should get this form of insurance coverage is when your lease requires it. In many situations, a landlord in West Virginia will want to make sure that you have renters insurance. If you are required to have this per the terms of your lease, it is vital to stay adequately covered. If you do not have coverage, it could put you into violation and even default the agreement. 

Many advantages come when you acquire renters’ insurance. Since some complexities come with obtaining this form of insurance, contacting Smith Insurance Agency of West Virginia is a good idea for anyone in the Kingwood, WV area. When you contact Smith Insurance Agency of West Virginia, you will learn a lot more about how it can protect you. Based on this assessment, the team can also help you to pick a policy that provides you with the right coverage. 

Do You Need Renter’s Insurance?

Do you need renter’s insurance? At Smith Insurance Agency of West Virginia, in Kingwood, WV, we are happy to answer all your questions about renter’s insurance.

What is Renter’s Insurance

When you rent, your landlord is responsible for the home itself. Their insurance policy will generally cover structural damage. However, it will not cover your possessions. It won’t cover damages related to negligence either.

For example, you leave your door open, and your dog runs outside. Your dog bites the neighbor. This results in medical bills and them suing you for personal damages. Renter’s policies can cover your personal belongings as well as expenses that result from negligence. 

Renter’s Insurance Coverage

Renter’s insurance typically covers your personal belongings. However, most policies have a limit to how much they will cover for things like electronics and jewelry. If you have anything that is particularly valuable, you may need to add a personal article policy.

Liability coverage will cover any expenses resulting from negligence. However, it will not cover intentional damages. If you get angry with your neighbor and throw a rock through their window, your renter’s insurance will not cover that. If you are mowing your grass and a rock hits the window from the mower, it will cover that.

Many policies also cover loss of use. If your home is damaged and you have to live somewhere else temporarily, your renter’s policy will cover these expenses. 

Is It Necessary?

Renter’s Insurance is a good idea if:

  • You don’t have the cash to replace all your belongings
  • It would be a financial strain if you had to live somewhere else temporarily
  • You have resources or assets that you could lose in a negligence suit

If you would like to learn more about renter’s insurance in Kingwood, WV, contact us at Smith Insurance Agency of West Virginia. We can help you choose renter’s insurance that fits your budget and offers the protection you need.