Many tenants who have renters insurance get it in order to protect their precious possessions. While renters insurance can’t prevent a tragedy from happening, it can help you recover from an accident by reimbursing you for the loss of your belongings in a covered incident. If you’re expecting your renters insurance policy to help you purchase items after a covered incident, though, you should make sure that all of your belongings are covered by your policy.

Renters Insurance Policies Have Exclusions

The portion of a renters insurance policy that covers personal belongings is called personal property coverage. Every policy’s personal property coverage, like all coverage, has exclusions. Exclusions are policy-specific, but some examples of potentially excluded items include:

• electronics
• jewelry
• weapons
• collectibles
• artwork

Some policies either don’t provide coverage for these items, thus excluding them, or only provide limited protection. If you own anything of these things, you should confirm that your policy provides coverage for them.

Ask an Insurance Agent to Check

Understanding the jargon that determines a personal property coverage’s exclusions and limitations can be challenging. If you need help understanding the language of your insurance policy, contact one of our renters insurance agents.

At CO Insurance Specialist, LLC we have independent insurance agents who are able to review any renters insurance policy in Colorado. They can help you determine whether your belongings are fully insured by your renters insurance policy’s personal property coverage. If you aren’t, they can also look for a policy that doesn’t exclude the items you own.

You can speak with an agent over the phone or contact us through email. If you’d prefer to reach an agent via email, simply send them a message through our website. At CO Insurance Specialist, LLC, we’ve served many renters ins Wheat Ridge, CO, and we’re looking forward to serving you, too.