![]() Discounts may not apply to all coverages and/or vehicles. Not all features available in all states. Coverage options, limits, discounts, deductibles and other features are subject to individuals meeting our underwriting criteria and state availability. You should read the policy for a complete description of coverage. ![]() Nothing on this site alters the terms or conditions of any of our policies. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Any description of coverage is necessarily simplified. The information on this site is general in nature. In CA, quotes for all products must be obtained through a local independent agent. *Quotes may not be available in all states or for all products. This type of policy, while more expensive than an actual cash value policy, would pay you the current market value to replace covered lost or damaged possessions.Ĭontact your local independent agent or a Travelers representative to get a renters insurance quote for your apartment or home. If you have some high-end possessions, buying a replacement value policy may be the best decision.For example, if your four-year old television is lost in a fire, you’re covered for what it would cost to buy another four-year old television rather than what it would cost to replace it with a new one. Choosing actual cash value means you’re covered for the lost item’s current value.Choosing replacement value may cost you a bit more in premium payments but in the event of a covered loss, you’ll be able to cover the cost to replace your items with comparable new ones. Then, decide if you want coverage to replace items at current market value or their actual cash value.This will give you a good starting point to understand how much coverage you will need. When possible, include a brand name and serial number for each item, along with what you paid. Take an inventory of the items you own that are in your home or apartment. A good first step in shopping for renters insurance is to determine the value of your possessions.Navigating Your Business Through COVID-19.
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