Category: Renters Insurance

How Frequently Should You Reassess Renters Insurance in Flatwoods, KY?

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Having a solid renters insurance plan in place is optimal if you’re renting a home, apartment, or even a condo in Flatwoods, KY. While you may be tempted to continuously pay the same amount for your coverage year in and year out, it’s best to review your policy regularly to ensure it aligns with your lifestyle, the belongings you wish to protect, and your financial needs. At Roark Insurance Agency, we’ll work with you to find a renters insurance policy that’s designed around your way of life.

Reassess Your Policy Annually

Annually reviewing your renters insurance policy will ensure your coverage limits and personal property protection. An annual review is helpful as it helps assess:

  • The price of your personal belongings, especially with inflation
  • If your liability has increased
  • New electronics and high-value items you’ve recently purchased or invested in

A basic annual check-in will allow you to remain protected without overpaying.

Making Big Purchases

When you’ve made bigger purchases, it’s always best to reflect on your existing insurance policies, especially as a renter. You should always reassess your renters insurance if:

  • You’ve recently moved into a larger or smaller rental
  • You’ve added a roommate
  • You’ve made significant additions or purchases to your space
  • You’re renting a house instead of an apartment
  • You begin renting in a location that also includes additional security features (such as locked doors or pinpad entrances)

Regularly reassessing and reevaluating your renters insurance is key to protecting what is yours, even if you don’t own the dwelling you reside in. Having the right agency by your side is a way to make informed decisions you feel comfortable with and confident in. To learn more about your renters insurance options in Flatwoods, KY, contact Roark Insurance Agency today.

Will Renters Insurance Cover My Roommate?

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If you’re renting an apartment, you probably share a lot of expenses with your roommate. It might seem logical to want to share your renter’s insurance expenses along with the others. While this may seem to make sense in theory, there are many potential downsides to sharing an insurance policy with a roommate.

The professionals at Roark Insurance Agency, servicing Flatwoods, KY, can help you decide whether you can (and should) get a policy that covers you and a roommate. Here’s what you need to know.

What Does Renters Insurance Cover?

Renter’s insurance pays to repair or replace destroyed or damaged belongings when a covered event occurs. Renter’s insurance also pays your living expenses if you have to evacuate your apartment due to a covered event. If your apartment is being repaired after a covered event, your renter’s insurance may pay you to live in a hotel.

Will Renters Insurance Cover My Roommate?

Some renter’s insurance policies do not cover roommates, while others do. Renter’s insurance only covers people mentioned in the policy, so if you want your policy to cover someone other than you, be sure to list that person on the policy.

Are There Downsides to Adding My Roommate to My Renters Insurance?

There can be downsides to adding your roommate to your renter’s insurance.

  • If your roommate has a claim, this will appear in both of your insurance claim histories.
  • If your roommate moves out, you’ll need to remove them from your policy.
  • Working together to file a claim can be more difficult if you do not get along with your roommate.

Do you want to know more about renter’s insurance? Contact the professionals at Roark Insurance Agency servicing Flatwoods, KY. We’re here to help!

Why Everyone Who Rents Should Have Renters Insurance

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They say home is where the heart is. Ask anyone who rents, and it is likely they will be inclined to agree. Regardless of your opinion on what home is, however, Renters insurance is there to help protect what matters most to you and your family. That is also why so many renters in and around Flatwoods, KY rely on the Roark Insurance Agency to help them protect the things they care about.

Renters Insurance for the Place You Call Home

Home is the place where we grow, make memories, and where we keep the majority of our worldly possessions. From computers and clothes to jewelry and more, that also adds up to more than a few valuables and dollars and cents.

With the right renters’ insurance policy, people who rent their homes can also have the same kind of protection and peace of mind homeowners do. Everyone needs and deserves protection for their belongings, and that is where the team at the Roark Insurance Agency can help. 

Why Everyone Who Rents Should Have Renters Insurance

Thieves, water damage, and other enemies don’t care if you rent or own your home, and that makes getting the insurance you need to protect what you own a necessity. When you need insurance for what you care about, including all your valuables, a renters insurance policy is the solution.

For All Your Renters Insurance Needs

Thank you for visiting the Roark Insurance Agency. If you live in or around the Flatwoods, KY area and are looking for renters insurance, look no further than the Roark Insurance Agency. Contact us today to learn more about how we can help and get the insurance you need to protect the things that matter to you.

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