Renter’s insurance is a valuable resource for anyone moving into a new location. Your policy should align with the risks associated with your assets, including additional coverage for certain valuables. Some items in your home may require extra coverage, known as a floater, to ensure they are adequately protected.
At Kriener Insurance, we help residents in Woodbury, MN, find renters insurance that covers their belongings.
When Do You Need Additional Protection?
Carefully review the details of any renter’s insurance policy to understand its coverage limits. Most policies cover personal belongings only up to a certain value, often capped at $1,000 per item. If you own any of the following types of assets worth more than this, it’s wise to purchase a floater for added protection:
- Collectible items: Items such as coins, comic books, sports memorabilia, or art may require a floater to ensure proper coverage.
- Business equipment: Equipment used for business purposes and kept at home benefits from additional coverage that matches its value.
- Valuable electronics: Electronics valued at over $1,000 should be covered by a floater for adequate protection.
- High-value personal items: Jewelry, furs, and other high-value items may require additional coverage.
- Musical instruments: Instruments with significant value should be protected with a floater.
Adding coverage like this minimizes risk and ensures your items are protected against covered events, such as theft or vandalism.
Choose a Policy That Matches Your Goals
At Kriener Insurance, we help you customize your renters insurance in Woodbury, MN, to address your specific risks. Let us know about any valuable assets you own that may require additional protection. This way, your policy is tailored to your needs and provides the coverage you need when filing a claim.
