Special offer

Insurance question for rental info,

By
Real Estate Broker/Owner with New York Real Estate Experts

Questions to Ask Your Insurance Carrier

  • Will your insurance cover any property shared by your roommates?
  • Which items should you take photographs or videotapes of?
  • What are the limits on specific categories of personal possessions?
  • What optional coverage is available, including for satellite dish and portable cellular communication systems?
  • What is the price and protection difference between "replacement cost coverage" and "depreciated cost coverage"?
  • How should you value fine-art objects?
  • What circumstances are covered in your personal liability?
  • What circumstances are covered in the medical coverage for others?
  • Will you be notified before any rate increases because of policy changes or inflation?
  • If your building were damaged or destroyed, would you be compensated for interim housing?
  • How much protection would you have if your home were damaged or destroyed because of an action by yourself or a guest?
  • Will your personal liability include defense costs in the case of a lawsuit filed against you?
  • What will your off-premises coverage include, for both personal property and medical liability?
  • If you're planning to be married, is protection provided or available to cover the value of gifts?
Posted by

 

 

 

 

Comments (0)