Two Reasons to Review Your Renters Insurance Annually

Renters insurance provides insurance coverage for people who rent their home. Like home insurance, renters insurance will pay to replace possessions lost due to a covered event. Renters insurance will also pay to cover additional living expenses when a covered event forces you from your home for a period of time. 

All-Star Insurance Brokers Inc., servicing Aurora, CO, provides renters insurance to customers in need. Like other customers, we encourage renters to review their insurance annually. Below are two important reasons to consider reviewing your renter’s insurance once per year. 

1. Reviewing Your Insurance Helps Ensure You Have Enough Coverage

Costs change over time. Inflation causes costs to rise, and that means that your renter’s insurance can pay to replace fewer items if a covered event occurs. Reviewing your insurance gives you an opportunity to decide whether your coverage is enough, and if it isn’t, you can talk to your insurance agent about increasing that coverage. 

2. You May Identify Ways to Save Money

During your annual review of your renter’s insurance, you may notice that you have coverage that you no longer need. In addition, your insurance agent may be able to shop around and find a lower-cost policy that offers the same level of coverage you require. 

The professionals at All-Star Insurance Brokers Inc., servicing Aurora, CO, work with a variety of carriers. We’re happy to check with our carriers to determine if you have the best policy for your needs. If we can find a better policy for you, we’d be happy to help you make the switch. 

Are you not sure when to review your policy? Now is a great time! For consistency, we recommend doing it at the same time each year. Call today to learn more.