When Should You Review Your Renters Coverage?

If you have lived in your rented residence for some time in Fort Myers, FL, do you know the last time you reviewed your policy? Reviewing your policy periodically will ensure that you aren’t paying more for what you need, and you have the right coverage to protect you. You should always let an agent at SWFL Insurance Agency Inc. know if you are moving, but there are some other times you may want to contact your agent as well.

Changes in Life: If you get new electronics, jewelry, or expensive items in your residence, you will need more insurance coverage. Think about how much it would cost to replace all the items in your home and increase the coverage amount if required. Maybe you have gotten an inheritance, and now you have more assets to protect and need to increase your liability limits. If you get a dog or other pets, are they covered under the policy? Whenever you have significant changes in life, be sure to check with your insurance agent to make sure you are still covered.

Discounts and Increases: It’s not uncommon for your insurance premiums to increase each time you renew your policy in Fort Myers, FL. However, you may not realize that if you review your insurance and get pricing quotes, you can also save some money. Your renewal yearly is a great time to make sure you review your coverage. Consider different discounts you can get, such as lumping all your policies together with the same company. You may also be eligible for other discounts if you haven’t had any recent claims.

Changes to Deductibles: A lower deductible may mean you have a higher premium. You should run some numbers with your agent to see what is better for your budget.

Contact SWFL insurance Agency Inc. to get a quote on renters insurance.