You can create a custom policy when you buy renters insurance from Oak Ridge Insurance Services to cover the items in your Oak Ridge, NC home. Renters’ policies cover your liability needs and personal property, including furniture you bring to the apartment, condo, home, or other domicile. You customize your insurance policy by scheduling items.
Scheduling in an Insurance Policy
Insurance agents use a few different terms to describe scheduling items. Your agent might suggest an add-on or a policy rider. All three terms mean the same thing. You pay a few more cents or dollars per premium to enhance the coverage to cover a specific item, such as an engagement ring, or a range of items, such as your hobby equipment.
Common Policy Add-ons
While the insurance industry has an add-on for nearly every item, some add-ons or riders are more common than others. Here are a few of the most typical:
- Home business add-ons that cover business equipment and supplies plus enhanced liability coverage for your home-based business
- Jewelry riders, which cover specific pieces of jewelry that you describe, provide a photo and valuation of
- Hobby equipment scheduling covers costly equipment for hobbies such as photography and filmography, musical instruments, etc.
Without these scheduled items, your renter’s policy typically covers between $1,000 and $2,000 of personal property. By scheduling items, you insure them at their full value, and the insurance pays you that value if they are stolen or destroyed by a peril named in your policy.
Contact Our Offices Today
Call or email Oak Ridge Insurance Services today for an insurance review. Let us help you protect the valuables stored in your Oak Ridge, NC home.
