W.B. Adams Company

14737 SW Millikan Way
Beaverton, OR 97003

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W.B. Adams Company Blog

Will renters insurance cover my damaged laptop?

Our personal belongings are valuable to us. Fortunately, we have insurance we can invest in to protect our belongings. Homeowners can invest in homeowners insurance that not only protects their personal belongings but a variety of other things as well. As a renter, you value your personal belongings just as much as any homeowner would. Renters insurance, like homeowners’ insurance, is designed to protect your personal belongings. The W.B. Adams Company team is committed to helping Beaverton, OR renters understand the benefits of renters insurance. 

What is Renters Insurance?

Renter insurance is similar to homeowners insurance in providing coverage and protection for a renter’s personal items. This protection is designed to pay for the repair or replacement of personal items as long as the damage resulted from a covered circumstance, accident, or situation. Renters insurance even covers the belongings in your car if personal items are stolen from your vehicle and damaged. In short, renters insurance covers everything in your rented space except the walls, floors, and fixtures. It covers the items you move into or store in your home. Your rental space can include, but isn’t necessarily limited to, a house, condo, or apartment. For example, if you experience a sewer backup that damages your furniture and rugs, your items will be repaired or replaced. Also, if your items are damaged due to a fire, these items are covered as well. Many unexpected events can take place that would be covered by renters’ insurance. Renters insurance also provides liability coverage for renters. If your house guest is injured while at your property, renters insurance will pay for the medical care and bills. 

Will renters insurance cover my damaged laptop?

Maybe. If your laptop is damaged due to fire, sewer/plumbing backup, vandalism, or theft, renters insurance will pay for the repair or replacement. Other circumstances may make your laptop eligible for coverage as well. However, it should be noted that renters’ insurance covers damages that result from approved events, accidents, and situations. It’s not always easy to decipher what would be covered. However, speaking with an insurance agent can take the guesswork out of the questions. If you have questions about renters insurance, call us. We’re standing by. 

Protect your Beaverton area apartment with a comprehensive renter’s policy

W.B. Adams Company is here to help the Beaverton, OR community with all of its insurance needs. If you need a renter’s policy, let us help! We are here to answer any questions that you may have. Give us a call today!

Benefits of a comprehensive renter’s policy

Having a solid renter’s policy is a no-brainer. And, having a comprehensive policy in place makes even more sense! With a more robust policy, you can expect a higher level of protection for your personal belongings. Remember, a landlord’s policy may in some cases protect the structure of your rental, but it will not provide any coverage for your own personal items. 

When you work with a local agent to determine the correct amount of coverage for your needs, you can rest assured that you have the protection you need! Another way that you can ensure that you have the coverage you need is to take a look at any expensive items that may need additional coverage. A personal articles policy is often an effective rider for your primary renter’s policy if it’s something that is necessary. 

There are many options available when it comes to renters’ insurance coverage in our area. There is sure to be a policy that meets your budget and coverage needs. Now is a great time to review your options and make sure that you have the right protection in place!

Give us a call today!

If you are a renter in the greater Beaverton, OR area, the team at W.B. Adams Company is here to help with all of your insurance needs. Let us help you find a policy that fits your needs and provides the protection you want. Call or stop by our office today!

5 Myths about Renters Insurance

Are you renting your home? If so, you need renters insurance. Despite what some people may believe, renters insurance is not just for certain people. It’s vital protection for anyone who rents their home. Here are five myths about renters insurance and the truth behind them.

Myth #1: My Landlord Has Insurance

If you rent, your landlord is responsible for insuring the home’s structural elements only, not your personal belongings. That’s why it’s so important for renters to have their own insurance plan in place to protect themselves against everything from a stolen laptop to a fire or flood.

Myth #2: Renters’ Insurance Is Too Expensive

While renters insurance may seem like an added expense, it’s very affordable and worth the cost when you consider how much it will protect your belongings in case of a catastrophe. Check out our Renters Insurance Price Calculator to get an idea of the average cost.

Myth #3: I’m Single, So I Don’t Need It

Just because you live alone doesn’t mean you don’t need renters insurance. One big reason people give for not buying renters insurance is that they don’t have a lot of valuable possessions. While it may seem like you have less to protect, you never know when disaster will strike.

Myth #4: Renters Insurance Only Covers Theft

Many people think that’s all renters insurance covers, but it provides coverage for much more. For instance, if your apartment is damaged by a fire or is vandalized, renters insurance will cover damage to your personal property within the rental unit. It also gives you liability protection if someone gets injured on your property and sues you.

Myth #5: I’m Only Going to Be in This Place for a Year

It doesn’t matter how long you’re staying. Renters’ insurance is important. Several things could happen, including theft, fire damage, or something unexpected like a water pipe breaking. Renters’ insurance is always helpful, so you don’t have to worry about what could happen if disaster strikes.

Even if you’re only renting your home temporarily, it’s best to protect yourself through renters insurance. At W.B. Adams Company in Beaverton, OR, we’re here to help you choose the right renter’s insurance plan for your needs. Call us today for more information.

What does my renters insurance cover?

If you rent an apartment, dorm, or home, you need to seriously consider renters insurance to protect your space and belongings. Generally, your landlord carries insurance for the building you’re living in but not your personal space and belongings. Some landlords in Beaverton, OR may require you to have renters insurance to rent their property.

At W.B. Adams Company, we recommend having renters insurance to protect your property from certain natural disasters, water backup damage, bodily injuries, and theft. Here is what renters insurance covers.

Contents of your home

Your personal property is what belongs to you in that building. Your renters’ insurance focuses on covering your furniture, electronics, clothes, appliances, and other personal belongings from perils, fires, and theft. The policy helps repair or replace items based on the level of damage.

Personal liability

You are held liable for any injuries or actions that lead to damage to other people’s properties. For instance, if someone gets injured while at your home and decides to sue you, renters insurance may help cover the cost of your legal defense.

Medical payments to others

Medical payment generally covers other people who get injured in your Beaverton OR home. The policy helps pay their medical bills. Note that you and your family members are not covered. If you get hurt, you may need to pay your own medical bills.

Credit card 

Suppose someone uses your credit card to withdraw or pay for things you did not authorize. In that case, renters insurance may help pay you back the money up to the agreed limit.  This coverage also applies to forged checks and counterfeit money.

Loss of use

Provides compensation when your living space is rendered unlivable. The policy pays for your temporary living expenses and other additional living expenses related to the new living arrangement. 

Filing a claim is often a long process, but if you understand your coverages, you are in a better position to file a claim successfully and accelerate the process. To learn more about renters insurance coverage, contact W.B. Adams Company today.

Who should get renters insurance in Beaverton?

The Beaverton, OR area is a great place for people to live. When you do move to this area of Oregon, a common housing option is to rent your home. When you do rent a home, you should get renters’ insurance. There are several reasons why getting this coverage is a good idea. 

Policy Covers Personal Assets

One reason why you should get a renters insurance policy here is that it will ensure your assets are adequately covered. If you are going to lease an apartment, you will likely invest a lot of money on furniture, clothing, kitchenware, and other assets. If you are ever a victim of a fire or theft, you could be left having to pay to replace these items. Fortunately, when you have renter’s insurance, you will receive coverage for these items. This can limit your out of pocket costs to replace them.

Policy Required Under Lease

You should also get one of these policies because it will be required under your lease. If you are going to lease property here, there are likely going to be some renters insurance obligations in the lease. The landlord is also probably going to require that you pay for a full year’s premium upfront. Having the policy will ensure you remain in good standing under the lease agreement.

As you are looking for renters insurance in the Beaverton, OR area, it is important to know that you understand all of your requirements. One company that can be a great guide when it comes to picking a new policy is the W.B. Adams Company. At the W.B. Adams Company, you will receive the support you need to choose a new policy. This will ensure you get into a policy that gives you the right coverage.