Chances are you have some keepsakes in your rental. Whether those keepsakes are worth tens of thousands of dollars or hundreds of dollars, they are valuable to you. Some insist keepsakes are invaluable.
Will renters insurance in New Jersey cover keepsakes and other sentimental items? The answer is detailed below by our Creative Risk Management LLC insurance professionals.
Renters Insurance and Keepsakes
Renters insurance insures valuables. However, this unique form of insurance protects items up to a specific policy limit.
In general, protection for keepsakes, collectible and other valuables covered by renters insurance differs from one policy to the next. Moreover, the value of the keepsakes also plays a role in whether coverage is applicable and to what limit.
What Renters Insurance Covers
Though renters insurance will cover keepsakes to a specific limit, it is primarily meant to insure other items. As an example, renters insurance provides personal liability protection, covers temporary living expenses and also covers personal property.
This way, if your apartment is vandalized or otherwise compromised or ruined, you will be reimbursed for your living expenses if the space is uninhabitable. Your keepsakes will be covered in such an unfortunate scenario, albeit up to a maximum permissible value for reimbursement.
If you would like more information about the maximum keepsake value available for reimbursement, reach out to our insurance professionals for details.
Creative Risk Management LLC is a Call Away
If you live in or near the greater New Jersey area, give us a call at 732-751-3011. We’ll provide you with invaluable information about renters insurance. Our aim is to protect your valuables without busting your budget.
