How to make the most out of your renters insurance comparison
When comparing insurance policies, you’ll want to compare on more than just price. Sometimes it comes down to features and event the fine print. Here are some tips to help you make the most out of your comparison:
- Look at the sublimits. You might have $30,000 worth of contents cover, but did you know that might not be enough to cover a $2,500 watch? Most insurers have sublimits for certain types of items and these limits can vary from insurer to insurer. So when comparing policies, you’ll want to make sure the sublimits line up.
- Look for discounts. Some insurers offer discounts including discounts for applying online or for taking out more than one type of insurance with them. When comparing policies, see if there are any discounts that would tip the scales in favour of one policy over the other.
- Look at the exclusions. Some policies will exclude certain items that other policies will insure just fine. For example, some policies will pay to replace photographs but others won’t.
- Look at the features. There are some features that insurers include automatically which others make you pay extra for. For example, some policies will automatically cover your appliances if the motor burns out, but other policies will charge you extra.