What To Look For When Getting Renters Insurance?

1. 

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   While there might be small variations, most insurance companies offer similar policies.  The coverages are adapted to your situation and cover most conceivable situations.  If the policy is an "all-risk" policy, any exclusions are well defined and clearly identified.  The cost is not prohibitive but many delay purchase because it isn't required.  The company will only pay a loss when the policy is in force.

   Answered on February 14, 2014

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2. 

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   David McKinley

   Owner/Agent, McKinley Insurance Services,

   The easy answer is that you want as high a liability limit as possible because you are protecting yourself against lawsuits. Generally there are generally multiple units attached to yours which means more exposure if something happens in your apartment and spills over into others. Liability is also very cheap. You also want enough personal property coverage and full replacement value.

   Answered on October 26, 2015

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