In fact, your landlord’s home insurance will most likely cover only the structure and not your belongings. If anything happens to your belongings such as if someone breaks into the property, the landlord’s insurance will not provide the coverage that you need.

This is why renters insurance in Abbotsford Victoria BC is a must-have. Here are some of the frequently asked questions about it:

1. What does basic renters insurance in Abbotsford cover?

Basic renters insurance in Abbotsford Victoria BC typically covers damage to your belongings from fire or theft although some insurance companies already include water damage in the coverage. In case someone gets injured in your rental property, your renters insurance also covers it. Depending on the coverage, you might also get coverage from lawsuits for issues that happen in your rental property.

A lot of people also don’t know that their renters insurance also covers travel damage. If you lost your belongings while traveling, for instance, your basic renters insurance can cover it.

2. Do I need a floater policy?

When looking for renters insurance, you might come across the term floater policy. This is separate from renters insurance and is usually an add-on as a means to protect expensive things on your property. If you own something of value, you can talk to your insurer about getting this policy.

3. Are there ways to lower the costs of renters insurance?

You can actually ask for discounts. Many insurers are willing to offer discounts, especially if you get more than one insurance from them. For instance, if you also need auto insurance, you can get it from the same insurer to take advantage of the discounts they offer.

Some insurers also offer discounts for clients who have opted for auto-debit or autopay. This means the policy will be automatically deducted from your account. It’s a more convenient way of paying for your insurance.

There are so many things that renters insurance can help you with. It’s better to be secure than to lose your belongings to theft or fire and not have anything to back you up. Be sure to get the help of AMC Insurance to find the best renters insurance for your needs.