Renter's Insurance

[bubble347]

How does the insurance company determine the value of your items when insuring?

[myb821]

How does the insurance company determine the value of your items when insuring?

depends on if u have a replacement cost policy or an actual cash value policy. If replacement cost your stuff is valued at the cost it would take to actually replace the item. If actual cost then they estimate what the value of the object was at the time of loss.

[rivkao]

I got quote from Geico and Travelers, they were basically the same. Travelers has an option to add jewelry coverage for another 200 bucks which is basically the price of entire year. Geico don't see such an option. Is it important? Any advice?

[zh cohen]

I got quote from Geico and Travelers, they were basically the same. Travelers has an option to add jewelry coverage for another 200 bucks which is basically the price of entire year. Geico don't see such an option. Is it important? Any advice?

If someone breaks in, jewelry is the first thing they will take. (And yes I am speaking from experience...)

[SOS]

I got quote from Geico and Travelers, they were basically the same. Travelers has an option to add jewelry coverage for another 200 bucks which is basically the price of entire year. Geico don't see such an option. Is it important? Any advice?

I pay around $300 for 6months which includes all my wife's jewlery, on and off premises
I use mapfre

It's worth every penny to add jewelry coverage,
And I also am talking from experience

[puddles]

+100 always get replacmetn cost.

Also, well done posting the article. So many young couple rent and have their entire lifes belongings uninsured. Imagine having to replace all the new things you just got. furniture, clothing, suits, bedding... WIGS!!!! LOL

[churnbabychurn]

@yehuda, did you get more than 15k?

[The Guy]

@yehuda, did you get more than 15k?

I have in Israel for $200 a year covered- 200,000 NIS.

[EJB]

Have 20k with state farm for 106. Have addl jewelry coverage with no deductible so I don't need to file a renters claim if small stones fall out

[DoGo]

Had 30k replacement cost for about $100 /year with Ameriprise (through Costco). Adding jewelry was about $30 more.
888-404-5365

[avrumy22]

Just spoke to Geico. They offered 197 for 1000 deductible. 267 for 500 deductible.

I was quoted for 25k worth of personal property. I added an additional 5k for jewelry.

If you have a auto policy with them also you get a discount. I would get $44 off making my total 223/y.

Contact info
Home Condo/Renter's/Flood/Mobile
Sales

1-800-841-2964

[myb821]

Just spoke to Geico. They offered 197 for 1000 deductible. 267 for 500 deductible.

I was quoted for 25k worth of personal property. I added an additional 5k for jewelry.

If you have a auto policy with them also you get a discount. I would get $44 off making my total 223/y.

Contact info
Home Condo/Renter's/Flood/Mobile
Sales

1-800-841-2964

I have found geicco to be significantly more expensive than statefarm in my area(queens).

[rivkao]

From State Farm:
219/year for 30k personal property. 500 deductible and 5k jewelry.
Best deal I found.

[@Yehuda]

@yehuda, did you get more than 15k?

I got about $9K in the claim, b"h.

I also just came across the charge on my cc statement, and I realize I made a mistake. The charge was for $245 for the year (including the ring), not $125. I saw a bill for $125, that must either have been the ring and then the rest of the coverage was $120, or vice versa. I also have a $500 deductible, which I forgot to mention before.

[12HRS]

I got about $9K in the claim, b"h.

I also just came across the charge on my cc statement, and I realize I made a mistake. The charge was for $245 for the year (including the ring), not $125. I saw a bill for $125, that must either have been the ring and then the rest of the coverage was $120, or vice versa. I also have a $500 deductible, which I forgot to mention before.

funny cause I have the same setup and was wondering how it was only one payment but never got around to asking.

[ahecht37]

40k no deductible, replacement value

also another 10k for jewelry, as well as a rider for the ring

[Mountain Man]

I got about $9K in the claim, b"h.

I also just came across the charge on my cc statement, and I realize I made a mistake. The charge was for $245 for the year (including the ring), not $125. I saw a bill for $125, that must either have been the ring and then the rest of the coverage was $120, or vice versa. I also have a $500 deductible, which I forgot to mention before.

Renters insurance must be more expensive on the east coast. I pay $140 a year including the jewelry rider for 20k coverage, 100k personal liability and $500 deductible.

Also I heard that my policy might be able to cover losses incurred while traveling like lost baggage and the like. Does anyone know more about what might be covered by renter's insurance?

[YSP]

Renters insurance must be more expensive on the east coast. I pay $140 a year including the jewelry rider for 20k coverage, 100k personal liability and $500 deductible.

Also I heard that my policy might be able to cover losses incurred while traveling like lost baggage and the like. Does anyone know more about what might be covered by renter's insurance?

Most policies cover up to 10% of your contents away from the premises.

Also every state uses credit to determine rate similar to auto insurance so while the rates do vary by state it varies more based on credit. The only state that doesn't use credit is MD.

[A3]

Had 30k replacement cost for about $100 /year with Ameriprise (through Costco). Adding jewelry was about $30 more.
888-404-5365

How much Jewelry did you add? Where are you located?

[DoGo]

How much Jewelry did you add? Where are you located?

4k in Lakewood