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.