Category: Renters Insurance

Wilcoxon Insurance Inc. serves the Sioux Falls, SD community by offering multiple types of policies. One of our primary goals is to provide excellent customer service to our clients. We take pride in serving the community as an independent agency.

Common Renters Insurance Myths

Renters Insurance allows you to protect your assets. The policy covers any damage to your personal items if a fire occurs or some other type of natural disaster. You are also covered if someone steals or vandalizes your property. Liability coverage is also important, as you will be protected if someone gets injured while visiting your property. Here are some common renters insurance myths to avoid while researching coverage.

I Don’t Have Valuable Assets.

Perhaps you may feel that you don’t need renters insurance coverage because you don’t have any valuable possessions. This is a mistake. Any item that you own holds some value. That’s why you need coverage. If something were to happen to your items, things could get pricey very quickly without renters insurance.

The Policy Is Restrictive

Many people assume that renters insurance only provides adequate coverage for personal items. You have more flexibility than you may realize. For example, you can add temporary living coverage to your policy so that you will be protected while you seek temporary lodging and your rental property is being repaired.

I Can Rely On My Landlord’s Policy

This is incorrect, as your landlord’s coverage does not protect your personal items if an accident occurs. Your landlord’s policy covers any damages to the building. However, you are responsible for covering your belongings.

Wilcoxon Insurance Inc. Will Help You Protect Your Assets

Visit our website today to learn more information about renters insurance.

Sioux Falls, SD is a great place to live whether you are a homeowner or a renter. As a renter, you may feel safe thinking that your landlord or management company has your back and your insurance. That is only partially correct. Your personal belongings are not covered by any insurance on the apartment, condo, or house you are renting. At Wilcoxon Insurance Inc. in Sioux Falls, SD, we are a locally owned independent agency that provides personalized service to our customers.

The insurance covering the building you rent only covers the things that come with the rental like the actual structure, the cabinets, doors, and appliances if they are included. Everything you bring in with you, your furniture, decor, and clothing will not be covered. If you don’t have renters insurance, you will have to replace everything yourself. That could be a real hardship.

Imagine your furry friend gave someone a little nip, or one of your visitors slipped in your bathroom and got hurt. Renters insurance provides liability coverage to protect you from a legal judgment against you, medical bills, and legal costs.

If your rental was hit by a covered hazard and was no longer habitable, where would you stay? With renters insurance, you would be able to stay in a hotel while you find a temporary rental to stay in until you can move back home. That would certainly give you peace of mind.

When you are ready to discuss renters insurance at Wilcoxon Insurance Inc. in Sioux Falls, SD, we will be here to help you find a policy to fit your needs and your budget. Stop in and visit us at our office or give us a call to get answers to any questions you may have and a no-obligation quote.