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| Do not shop for Yukon 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. |
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| Everybody who rents, who wants to be compensated for the loss of property and who needs liability protection should have a separate Yukon apartment insurance policy from the landlord's that covers the building and not the tenant's belongings. A renters insurance policy protects your belongings. |
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| Most of you probably haven't even thought about getting Yukon apartment insurance to cover your personal property such as your clothes, furniture, tv, etc. You can protect your belongings by purchasing renters insurance, which is similar to homeowners insurance for those who rent. |
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| Yukon apartment insurance is fairly inexpensive. The average renters insurance policy is a little over $30 a month. How much are all your possessions worth? What if you had to replace them all? |
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| Most Yukon aparment insurance policies provide "named peril" coverage, meaning the policy states specifically what you are insured against. Some named perils include Fire or Lightning, Smoke, Vandalism or Malicious Mischief, Theft, Accidental Discharge of Water and 10 others. Liability coverage also includes Medical Payments coverage, which applies to nonresidents of the insured premises. It is important to know what your renters insurance policy does and does not cover |
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| A Yukon apartment insurance policy covers added living expenses such as motel costs if you´re temporarily displaced from your home or apartment. This "loss of use" coverage is limited to 20 percent of the personal property coverage under your renters insurance policy. For example, if you have $25,000 of personal property coverage, your loss of use coverage would be $5,000. You will be paid up to this limit for the reasonable time required to repair or replace your rented property. |
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| Yukon apartment insurance policies have limits on reimbursement for expensive items. If you have computer or stereo equipment or costly jewelry, you may want to insure those separately. If you have items of great sentimental value, they obviously can't be replaced and you should put them in a safe deposit box. Make sure you discuss your expensive items with your agent when purchasing renters insurance |
