mbrcatz
|
Well, the easiest, cheapest way is to buy a renters policy to add to it.
You're thinking Inland Marine, not mariner, and you CAN buy a policy that way, but it's a lot more expensive than renters coverage, and the coverage is less broad.
The best bang for your buck is a renters policy with endorsement. If you insist on doing it the expensive way (think minimum premium of $500 a year), any local, independent agent can help you with that. |
Sue
 |
You can probably buy a renters policy and add the ring to it cheaper than if you purchased a stand alone jewelry policy. With renters insurance, you will protect all of your personal property, additional living expense (if a covered loss makes your apt unlivable & you have to live elsewhere) and worldwide liability. What if you accidentally (by leaving a pot on the stove or your coffee pot turned on) burned down the building or did major fire/water & smoke damage? Could YOU afford to pay for the damages out of pocket, probably not, so, you purchase $500,000 liability on your renters policy (cost is normally $20-$30 for the liability coverage). This is the prudent thing to do to protect yourself & your assets & protect others.
Also, what if there is a fire, not caused by you (or anyone, say lightning hit the building), but you lose all of your clothes & furniture? Could you afford just to replace all of that stuff? What if someone breaks into your apartment & steals all of you things? Your landlord's insurance will NOT protect your contents. Do you have $10-$15,000 laying around in a bank account to replace your things? Most people don't. And that is what it would cost just to get started on replacing your things, I bet you couldn't replace everything for that amount. Do an inventory of everything you own, not only include all your clothes, furniture, electronics but also pots, pans, dishes, linens, computer, CDs, DVDs, food, personal items, etc. It adds up FAST. |
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