 |
| One of the most overlooked things that roommates tend not to do is purchase a Georgia apartment insurance policy. The costs are usually quite minimal and certainly worth considering as most landlords’ insurance policies don’t cover their tenants’ belongings and more. |
|
| A complete inventory of your property can be helpful if you ever file a claim with your Georgia apartment insurance. Keep a copy of the inventory, along with receipts and photos or a videotape, in a secure place, such as a safe deposit box. These will help prove your losses to the renters insurance company. |
|
| Do not shop for Georgia apartment insurance by price alone. You want a company that answers your questions and handles claims fairly and efficiently. Ask friends and relatives for their recommendations for a solid company offering renters insurance. Contact your state insurance department to find out whether they make available consumer complaint ratios by company. |
|
| Liability protection is also standard with most Georgia apartment insurance policies. This means if someone in your unit slips and falls, you're covered for any costs, up to your liability limit. If this person sues you, you're covered for what they win in a court judgment as well as your legal expenses, up to your renters insurance policy's limit. |
|
| Why don't more renters carry Georgia apartment insurance against possible financial losses? Apartment owners and managers and insurance industry executives said most renters believe -- erroneously so -- that they don't need renter's insurance because the property owner is required to take care of any losses they may suffer. |
|
| A Georgia apartment insurance policy extends beyond on-premise theft and hazards. If your suitcase is stolen while you're on vacation, you'll likely be covered. Same with property stolen from your car. If you're prone to barroom brawls—well, you might need more help than renters insurance, but you'll probably be covered if you hurt someone. Speaking of injuries, you'll also likely be protected if someone slips and sprains their ankle at your annual dance-a-thon; you may even receive compensation for legal defense costs in the case of a lawsuit. |
|
| Your landlord's Georgia apartment insurance doesn't cover your personal property. Things like your clothes, stereo, furniture, television, bicycle, jewelry, personal computer, artwork and other items are not covered against destruction or loss by your landlord's insurance. It is important to purchase a renters insurance policy when renting. |
