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?
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