Renters Insurance - Lynn Tank Agency, New London, WI

Four Things to Consider Before Buying Renters Insurance

Living rent-free is the dream, but the reality is, your stuff needs protection. That’s where renters insurance comes in. But with so many options, where do you even begin? Don’t worry, Wisconsin renters, we’ve got you covered. Here are the 4 key things to remember when choosing your policy:

1. You Got This (and It’s Not Your Landlord’s Problem):

Renters policies start small and can grow big! They cover your personal belongings (think furniture, electronics, clothes) from fire, theft, vandalism, and more. Your landlord’s insurance protects the building, not your stuff, so don’t rely on them to have your back.

2. Know Your Worth (and Your Stuff’s Worth):

Figure out how much stuff you have and how much it’s all worth. This will help you choose the right amount of coverage. Don’t forget things like bikes, appliances, and even sentimental items! Create an inventory with photos and receipts to make things easier if anything happens.

3. Location, Location, Location (and Other Cost Factors):

Living in a fire-resistant building or smaller apartment complex? You’ll likely pay less than a high-rise or a town with a lower fire rating. Deductibles matter too – higher deductibles mean lower premiums, but make sure you can afford it if something goes wrong.

4. Shop Around and Be Informed:

Lynn Tank Agency is an independent agent, which means we can help you compare prices, coverages, claims service, and discounts (bundling with auto insurance can save you!). 

Bonus Tip: Check your policy’s theft provisions and report any thefts to the police ASAP. And keep those valuable serial numbers handy!

With these tips and a little research, you’ll be a Renters Insurance Pro in no time. Remember, peace of mind for your stuff is priceless!


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