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.
