The two most important parts of a renter's insurance policy are the personal property and the personal liability coverages.

If you’ve considered it all, you might think that the possessions you own aren’t worth that much. However, imagine how costly it would be to replace everything you own. Buying a new bedroom set, clothing or a computer can cost much more than you think. Our policies contain replacement cost provisions meaning that your lost or damaged belongings will be covered for their ‘replacement’ cost value In other words - the amount that it would cost to purchase them new.

Imagine taking your apartment/home, flipping it upside down, and shaking it. Everything that falls out is your personal property. Once you have decided on the value of your personal property, that is what you should list as the amount on your renters policy. For example, $20,000.

In addition, this coverage is typically worldwide, meaning that the coverage does not apply just inside your home, but also your car, while on vacation and more.

The cost for your policy is based on the amount of personal property coverage you purchase. The average cost of a renter's insurance policy is estimated at less than $200 per year.

Finally, renters insurance also provides you with personal liability coverage. Personal liability protects you in the event that you are sued for bodily injury or property damage caused by your negligence. For example, this could result from a slip-and-fall accident that occurs on your premises, a dog bite incident or injuries caused by your child to someone else at school or elsewhere. Our policies automatically provide $300,000 in coverage and may be increased even further if you should choose to do so.

Because you are important to us, each client receives a one-on-one consultation where we offer personalized solutions to meet your individual needs.

Worried you aren’t completely covered? Consider purchasing an umbrella insurance policy that extends your liability coverage above and beyond what is provided by your homeowner’s policy.

Contact Kovalev Insurance today and request a complimentary consultation to ensure your property and family are properly protected.