If you live in a rental home, you don't own your property. It belongs to someone else. As such, this setup will always create a degree of unfamiliarity for the renter. This might raise a renter's risks of certain hazards, including theft.
However, if theft occurs in your rental, it can carry a heavy toll. Even if you don't own the home, you own the possessions inside of it. Theft of these items impact you as a renter, because it represents a loss of your personal items of value. You don't want to lose money trying to replace these items. The good news is that with insurance and enhanced safety measures, you can protect your belongings.
Renters Insurance For Personal Property Theft
Many property owners require renters to carry liability insurance. It can protect the renter in the event they harm someone else. However, another element of insurance that renters should carry is personal possessions coverage.
Possessions coverage protects the renter's own belongings inside the rental home. It generally covers theft damage. If items in your home get stolen, your policy can often cover some or all the replacement costs. Your policy will likely ask you to declare an approximate value of the property in your home. Work with your insurance agent to verify, appraise and declare the value of these items. While you might not be able to get full coverage for all your belongings, you might still be able to use the coverage to lessen the financial blow of replacing items.
Protecting Your Personal Items From Theft
Though your renters policy might help cover theft damage, you don't want to ever have to turn to your policy for assistance. After all, that means theft has actually occurred in your home. Your priority should be to prevent these problems from ever rearing their head in the first place.
Since your home is a rental property, you'll likely to take special steps to ensure safety.
- Verify with your landlord who has access to the property. Usually, this includes you and the homeowner.
- Know who has a key to the home. Also verify if the landlord has changed the home's lock since its last occupants moved in.
- Learn how to operate the home's security system, if one is available.
- Consider other smaller security devices. These might include door jambs, window alarms and security cameras.
If you ever believe someone has broken into your rental property, contact Lancette Agency to file a claim. You will likely need certain documentation to prove your claim. So, work with your landlord and the police to address the problem.
Keep protection in mind at all times. It will help provide you peace of mind.