Renters insurance offers financial coverage against loss or damage of personal property or injuries to other people that may happen inside your rented home. It covers legal costs in case the person files a liability claim and pays for medical expenses. At Biddle-Shaw Insurance Services, Inc., we help our clients in San Francisco, CA find the renter’s insurance coverage that best suits them. However, making unnecessary claims can have negative effects on your premiums.
The following are some of the appropriate reasons to make a claim:
When The Damage Is Not Your Fault
If the damage is a result of your own negligence, the insurance company will not pay your claim. In fact, they may raise your rates. Be sure that the damage is not your fault before making a claim for your renter’s insurance
When The Cause Of Damage Is Covered
It is important to note that your renter’s insurance policy does not cover everything. You should study your policy to understand what is covered. Do not claim a peril that is not covered. Apart from the fact that it will be disallowed, it may put you in a position of disadvantage with your insurance company.
When The Amount Is More Than The Deductible
Make sure that the cash value of a claim is more than your deductible before filing a claim. If it does not, you won’t get any benefits and your premiums may be raised just because you had an event happen.
At Biddle-Shaw Insurance Services, Inc., we help our clients prepare themselves for accidents. We write quotes for renters and other insurance policies. We service California, Arizona, Colorado, Texas, and Nevada. Visit our office in San Francisco, CA or contact us at 415-586-7200 to discuss a new quote.