Renters insurance works to protect any personal belongings or valuables kept inside the home, apartment or condo you’re renting. You pay an insurance premium in exchange for financial assistance from your insurance provider if an accident occurs, such as stolen jewelry or damaged furniture.
Upon filing a claim, your insurance provider will send a claims adjuster to investigate the accident. After the investigation, the claims adjuster will determine the value of the damaged or stolen items. Your insurance carrier will then give you a check to cover the cost of those items, subject to applicable deductibles or policy limits. If you file a liability claim, your claim may undergo a different process. Please work with your insurance agent to find out how claims are handled.