It provides coverage for more types of losses than the regular homeowner contract

Be sure to ask what limits your homeowner's policy has. This coverage is for the special things you own like jewelry, collections, cameras Many of these items often have limited coverage under a standard homeowner's policy. A personal article policy does. For example, if my niece came over and jumped on my 12 string guitar, my homeowner's policy would not cover that. Personal Articles Coverage: Some companies sell this as a separate policy, while some offer it as a rider. By the time you get the multi-line discount on your car insurance, adding a renters policy will probably cost close to nothing. It might be good to have this coverage but be sure you understand what is covered and what the limits are.

Arenter's policy will provide the personal property and liability coverage you need. The landlord's policy will exclude it, so you better have liability coverage! And don't think your landlord's policy will cover you if someone is injured in your apartment. Renters, listen up; you need a renters policy to cover your belongings. Not true! Renters often think the building owner insures their personal belongings in case of a fire. Personal property is often the toughest thing to guess, but err on the high side because guessing a little high will not cost much more in premium.

If you might also ask what the condominium association policy covers. Some say you must cover any improvements to your building (finished basement, new fireplace, upgraded cabinets ). Condo Unit Owner: Condominium polices are very similar to a homeowner's policy First, be sure you understand what the bylaws of your association say you must cover. It's easy to understand why really, because only people who think they will need it buy it, right? Back up of sewer and drain: Although this sounds like great coverage to have, it is very limited in what it covers and it usually carries a separate large deductible. Covered!