contains a coverage limit and a deductible. The deductible is the amount you have to pay out-of-pocket before the policy kicks in. The limit is the cap on the amount you’ll be reimbursed in a covered incident.
Here’s what a renters policy typically includes:
Protection for your personal belongings
Personal liability protection
Loss of use
Be aware that your renters policy does not cover work-related items, rare and valuable items, or the building. Things like
and earthquakes are not covered, either. If you’re concerned about these hazards, you can buy additional policies.
On the one hand, you’re right that bundling policies with one provider can simplify things. However, it’s worth taking a quick peek at the rates offered by other providers before you commit. You could uncover huge savings if you’re willing to spend a few minutes shopping around.
If you’d rather leave the hard work of gathering quotes to someone else, use
. The Jerry app can collect quotes from top insurance companies, like Berkshire, State Auto, Safeco, and Travelers, in seconds! They even help cancel your old policy once you’ve made your pick.
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.