When we first rolled out our Renters Policy earlier this year, we made it fairly basic by offering personal property coverage limits up to $50K ACV, liability coverage of $100K and medical payments of $1K. The perils covered by this policy include: fire, lightning, smoke, windstorm, hurricane, hail, explosion, aircraft, vehicles, riot, vandalism and theft.
While it was a good starting point, agents now need more liability coverage in order to meet the demands of clients and apartment complexes throughout the state, so we have added liability optional limits of $200,000 and $300,000 as well as medical payments limits of $2,000.
For those of you that told us this is what you needed, here you go! We hope the rest of our agents find these enhancements useful in closing more renters policies.
You all are amazing to us! Thank you for acting so quickly on our behalf! We appreciate it!
It’s our pleasure, Hollie. Thank you for the great work you do!
Thank you for that, however it would be great if we could schedule items on the renters policy. Just a suggestion. Thank you,
Thanks for the suggestion, Rosana. I’ve emailed you directly so we can talk about the details.
How about the addition of replacement cost settlement? And the ability to add the apartment complex as an additional insured on the liability as we get requests for that all of the time. Supposedly there is an internet based carrier that will do that.
Thanks for the comments! We do have the ability to add additional insureds right now – so go ahead and start using that whenever you need it. Replacement cost is something we are looking at adding in the future.