Whether it’s an apartment or house, if you’ve signed a lease, renters insurance is a vital part of your protections for possessions. And while getting the right policy with the right coverage should be first and foremost, making sure you’ve got the right additional coverage—from other policies, endorsements, and changes to premiums and deductibles—is also crucial. Learn what policies you should bundle with your renters insurance to get the most out of all of them and the right coverage for your needs.

Adding Umbrella Insurance

Umbrella insurance is a liability insurance policy that improves the existing limits of your current policies and provides some additional coverage. Among its benefits are:

• Deeper Coverage: Every policy you have, from car to home, has payout limits. Umbrella insurance extends these limits, meaning you’re covered for more expenses.
• Improved Liability Protection: Adding umbrella insurance increases your liability protections, specifically libel, slander, and false imprisonment, giving you more legal protection.
• Multi-Policy Umbrella: This policy doesn’t apply to just one but to multiple types of insurance, like auto, watercraft, renters, and more!
• Low Cost: This policy costs very little each year to provide very deep coverage. If you find yourself in one of the situations below, umbrella insurance is a cheap investment.

Learn more in the blog, When Should I Add Umbrella Insurance to My Existing Policies?

Bundling with Your Auto Insurance

Another good option is to bundle your renters and auto insurance together. This generally requires you to reach out to your insurance agency about either policy and see if they offer a bundling discount. This can require a bit of legwork, as not all insurance companies make it clear if they provide discounts, and you’ll want to check quotes from other companies as well to compare prices. As an independent insurance agency, we at Safeside can help as we have multiple carriers for all kinds of insurance.

Changing Premiums and Scheduled Personal Property

Lastly, there are things you can do to your existing renters insurance policy to make it a better fit for your needs. First is looking at how your insurance premiums and deductibles interact: depending on the value of possessions, a slightly higher premium can help reduce the threshold to file claims. Also, it pays to take a home inventory to know if you’ve got any items with payout limits that need to be covered with scheduled personal property riders.

We at Safeside Insurance would love to work with you to see about changing and bundling your policies for better coverage at the right price. We’re a family-owned and family-run insurance agency serving Worcester County and greater Massachusetts. Learn more about us and the insurance we offer! We’ve been helping individuals, families, and students in the community find better protection and peace of mind for over 30 years. Contact us today to get started or jump right to getting a quote!